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Google Cloud Enters Web3 Act With Managed Blockchain Node Service • londonbusinessblog.com

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Five years ago, the blockchain flourished in the enterprise, or so many companies would have us believe. At the time, companies like SAP and IBM were trying to build blockchain practices, but while the technology sounded great to solve countless problems in the enterprise, it never really took off.

Fast forward to 2022 and the blockchain is getting a makeover with the name web3 as an umbrella term and lots of VC money behind it. So perhaps it shouldn’t come as a surprise that the cloud platform companies want to take action.

To that end, Google Cloud today announced that it is launching Blockchain Node Engine, which is billed as “a fully managed node hosting for web3 development.” Earlier this year, the company announced it was launching a new team dedicated to digital assetsand this tool is part of that team’s work.

In a blog post announcing the new service from Amit Zavery, GM and VP of engineering and platform and James Tromans, director of cloud web3, the two wrote that blockchain nodes have to work hard and constantly exchange the latest blockchain data so that all nodes remain synchronized. It is a data and resource intensive process.

Google Cloud hopes to make it easier by offering a managed service for creating nodes while providing a secure development environment in a fully managed product. From Google’s perspective, it’s a lot easier to let them do the heavy lifting while you focus on building your web3 application.

In the couple’s own words, “While self-managed nodes are often difficult to deploy and require constant management, Blockchain Node Engine is a fully managed node hosting service that minimizes the need for node operations. Web3 companies that require dedicated nodes can relay transactions, deploy smart contracts and read or write blockchain data with the reliability, performance, and security they expect from Google Cloud computing and network infrastructure,” they wrote in the post.

This is a matter of nuts and bolts, allowing companies to set up a node on supported blockchains and then manage it for the user, so they don’t have to worry about all the management overhead that comes with it. For starters, the company will support Ethereum blockchain, so developers deploying nodes on Ethereum can either do it themselves or pay Google to do much of that work for them. Presumably there will be other supported blockchains in the future.

While it may seem like a pure crypto game, Tromans says the service is ultimately agnostic and developers can build anything they want. “We build fundamental primitives to help developers innovate faster. Accordingly, Blockchain Node Engine is focused on: [multiple] developer use cases: smart contract development, reading from and writing to the blockchain, etc. How different developers use their fully managed, dedicated blockchain node engine infrastructure depends on their individual use cases,” Tromans told londonbusinessblog.com .

The product is available in private preview from today.

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