- EOS has signed up Google Cloud as a block producer
- The tech giant will join Binance, Huobi and OKEx in facilitating the blockchain
- Google Cloud has already partnered with other blockchain companies like Chainlink and Cypherium
EOS has announced that Google Cloud will join Binance, Huobi and OKEx in being a block producer on the network. The tech giant and the Block.one flagship project announced the collaboration yesterday, which will see Google Cloud become one of the 21 candidate nodes on the EOS blockchain platform. The EOS coin price jumped 20% on the news, which represents a major coup for the company which raised $4 billion during a year-long ICO in 2018.
EOS Lands the Big Fish
Google Cloud broke the news first, which will see them integrating themselves into the EOS platform as they take further steps into the blockchain world as a block producer. Block producers are to EOS what miners are to Bitcoin and Ethereum, confirming transactions and creating new blocks on the chain, getting rewarded in EOS tokens for doing so.
EOS has 21 block producers with some in reserve, and having a tech giant like Google Cloud on board is a major coup for the company.
Google Cloud “Committed” to Ensuring Blockchain Security
The move was first announced by Google Cloud yesterday, with Allen Day, their Developer Advocate, explained the rationale behind the move:
As organizations begin to incorporate distributed ledger technology into their infrastructures, we are committed to ensuring that the information on public blockchains are securely stored, reliably available, and can be accessed in meaningful ways.
EOS CTO Dan Larimer later added his opinion on the collaboration:
Google Cloud will continue to provide its highly provisioned, low-latency infrastructure to Block.one. Through secure oracles, inter-chain transaction reporting, key management, and high-integrity full-node validation, Google Cloud’s confidential computing infrastructure will enhance the security, scalability, and decentralization of blockchain technology.
The EOS deal is not the first foray Google Cloud has made into the blockchain world. Last year the company announced integrations with Chainlink and Cypherium, while Qtum also partnered with the company in a joint software capacity.