(BlockBar) Chainlink, a startup token project has been tapped by Google as an official Cloud Partner. This relationship might suggest a deep and detailed interest in blockchain technology. The partnership is being described in a detail Google Cloud blog post. The blog says that the aim is to place BigQuery data on the blockchain using a “Chainlink oracle smart contract.” To be noted, BigQuery is data warehousing of Google and is also business intelligence solutions.
SmartContract.com and Chainlink were created by founders Sergey Nazarov and Steve Ellis in order to create proper middleware between traditional data sources and blockchain-based systems. According to Nazarov, “We realized that a reliable oracle mechanism is a gating issue for the creation of most of the use cases that people are expecting from our space, and set out to solve this limitation of blockchain infrastructure with security, reliability, and easy consumption of the inputs/outputs needed by smart contracts to reach this new level of usefulness.”
He further said, “We’re trying to create the next generation of smart contracts that are able to go beyond tokenization, and will find their usefulness based on interactions with market events (DeFi), IoT events (Decentralized Insurance) and various other use cases.” It is worth noting that this is one of the few blockchain products that Google has singled out.
Allen Day who is a Developer Advocate with Google said, “At a high level, Ethereum Dapps (i.e. smart contract applications) request data from Chainlink, which in turn retrieves data from a web service built with Google App Engine and BigQuery.”
The whole news mean that Google’s products can now interact with decentralized applications in the same way a client app can interact with a standard database server and here, and Chainlink acts as the data middleman. Nazarov said, “Allowing smart contracts to interact with a data source of Google BigQuery’s quality, enables various new and exciting capabilities for Ethereum contracts in general e.g. more private ethereum transactions via submarine sends, as well as various exciting use cases/Dapps like prediction markets that will base their outcomes on BigQuery’s data.”
John Danie is a highly experienced marketing strategist and businessman in the blockchain industry who likes the pace of the development of cryptocurrency, especially in blockchain technology where it can move so fast. Being a fintech writer and crypto reporter with a fascination for tech and a passion for starting interesting conversations, he seeks to create authentic news stories in the industry.