OK, Google: Why Tech Giant Jumps on a Blockchain Bandwagon?

OK, Google: Why Tech Giant Jumps on a Blockchain Bandwagon?

The «almighty» Google is jumping on the DLT bandwagon on par with other tech titans. Newly it has added one of the most known blockchains networks — Ethereum — to BigQuery which is Google’s big data analytics platform. 

Google Also Wants to Be Close to The Blockchain

According to the information provided by the company’s post, API is challenging when it comes to accessing info recorded on the Ethereum. And that’s beside the fact that it has been developed for checking transaction state or balance on wallets. 

Our top trading bots

However, the biggest issue with it is that it makes it impossible to eye blockchain data ‘in aggregate.»

Therefore, Google, as it comes out of the further explanation, needed a better substitution for this technology to reach out to Ethereum. Thus, it has come to a solution of adding Ethereum to BigQuery. And the idea was implemented earlier this year, the blog says. 

For this, the tech titan has developed a software system on its Cloud platform. Here’s what it does:

  • It syncs the Ethereum pcs running Parity;
  • It daily gets data out of the Ethereum «record book». This information includes the outcomes of the smart contract transactions; 
  • It preserves date-distributed information to BigQuery.

The result of this, as Google claims, is a simplicity and reasonable pricing. 

But Why, Google?

Google went on to explain why the new solution is necessary, providing a handful of examples. One of them was CryptoKitties, a game by Ethereum which is based on the DLT. It said that the game’s smart contract operations make up the most of all transactions on the net. 

In the blog of the titan’s, there was also mentioned an example of info from ERC-20 token project OmiseGo. Google shows how the number units receivers rose last year September.

Despite Bear Market Bitcoin Will Survive, Says NYSE Chair
The past two weeks have been a challenge for the entire crypto-market with bitcoin leading the drop. The total crypto market cap dipped from relatively...
World Bank & Australian Bank to Launch The First Blockchain-Bond
The World Bank is getting ready for the first-ever blockchain-bond in the entire world. The cross-border financial entity has already given the authority...
Kim Kardashian Acquires Her First Physical Bitcoin
One of the most important personalities in the modern beauty and entertainment industries, American-Armenian socialite Kim Kardashian West has got her own...
The Sky Is The Limit: Can Bitcoin Shoot to $150,000 Before 2019?
As the first half of 2018 has passed, both crypto-pundits and mere enthusiasts are trying to predict the “Big Daddy’s” price before the advent of 2019....
First Bank in Switzerland Provides Business Accounts to Crypto-Startups
In Switzerland, companies, which focus on cyber assets and DLT, have got an incredible opportunity – to open business accounts in one of the country’s...
After Predicting BTC Surge to $250,000 Tim Draper Says It Will Beat The Internet
Some days ago billionaire Tim Draper claimed that the “king of all cryptos” would reach the rate of $250,000 in a couple of years, and he does not seem...
Uzbekistan to Legalize Bitcoin, Open a Blockchain Center
Uzbekistan appears to be among the latest countries that have stepped on a path of cyber money regulation. According to local media reports, a relevant...
The Board Of Directors And The President Of Tezos Foundation Changed
Two members of the board of the Tezos Foundation, including its president, Johann Gevers, voluntarily resigned.They will be replaced by a member of the...
Crypto Utopia in Puerto Rico
A group of crypto-enthusiasts chose the state of Puerto Rico to build their city - a "crypto utopia". The correspondents of The New York Times went...
The Swiss Church Accepts Donations In Cryptocurrencies
The largest Evangelical Church in Switzerland (International Christian Fellowship), apparently decided to refute the view that religion does not support...
ICO Sapien: Return of Freedom of Speech to the Internet
An autonomous platform is a hybrid of a news portal and social network, where high-quality content is encouraged by internal cryptocurrency, and moderation...
Beef On The Blockchain
WhitePaper here . The companies have combined their operations to create a structure for the production and supply of organic beef from the field to...
Top-5 Expected Blockchain Tech Advancements in 2018
From the economic point of view, 2017 has been pretty beneficial for bitcoin. The most known cryptocurrency grew by around 1,400% last year as well as...
Bitcoin or Ethereum: Who to Steal The Show in 2018?
With its ups and downs, sure enough, 2017 was a year of bitcoin. However, things tend to change, so, in the opinion of Jez San, the CEO of FunFair Technologies,...
Controversial SegWit2x Forks As Skepticism Over Bitcoin Clone Stirs Up
The bitcoin controversial hard fork SegWit2x after failing to be implemented in November 2017 at block 501451, has finally been launched on December 28...