Tezos is a blockchain project that is geared towards ensuring the wider adoption of blockchain-related technologies and cryptocurrencies.
This network is also known for its unique LPoS consensus model that uses the Tezos software for validating transactions on the network and minting a new native token called XTZ. Recently, Tezos has partnered with Google Cloud as validators.
The partnership between Tezos foundation and Google’s online storage service provider is geared towards assisting the faster development of Web3 technology. This affiliation is going to grant Tezos network access to the corporate clientele of Google Cloud services.
Google Cloud is Going to Incentivize the Development of Tezos and Web3 Tech
Enterprise adoption of blockchain technologies is considered a positive development that is seen as technical and financial stability. The massive corporate clout that is available at Google Cloud is not going to work with Tezos network as bakers or validators.
Tech startups that are working with Tezos may also qualify for enrolling in the mentorship and credits program offered by Google.
At the same time, the flood of exposure into the Tezos network on account of the said venture will pave the way for faster development of Web3 technologies and related DeFi projects. Google and Tezos affiliation may also bring more traction for its native token.
James Tromans is a director of the engineering department working for Google. Talking about the current venture, he said that Google Cloud provides a secure storage facility for Web3 creators and developers.
Web3 projects can rely on Google Cloud services for implementing scaling updates and other new features to their projects under development.
He further exclaimed that the firm is determined to ensure building a more specified and suitable development infrastructure for Web3 projects. Google has created partnerships with other blockchain projects before Tezos. The tech giant has paired with the Ronin network as a node validator. Google also developed an Ethereum-based hosting engine last year.