Flare Network, a layer-1 platform for blockchain interoperability utilizing the Ethereum Virtual Machine (EVM), has announced a strategic partnership with Google Cloud. This collaboration marks a significant milestone for Flare, as it onboards one of the world’s foremost cloud computing providers, showcasing Google Cloud’s entry into decentralized oracle system infrastructure services for the first time.
In a press release on January 22, it was highlighted that Google Cloud will play a dual role within the Flare Network. Firstly, it will contribute to the platform’s security by validating new blocks on the blockchain. Secondly, Google Cloud will actively participate in supporting Flare’s native oracle, known as the Flare Time Series Oracle (FTSO), by providing decentralized price and data feeds.
The Flare Time Series Oracle is a crucial component of Flare’s infrastructure, ensuring the availability of accurate and reliable data for decentralized applications (dapps). By engaging Google Cloud as a data provider for FTSO, Flare aims to reinforce the security and reliability of its data.
This collaboration represents a significant stride forward for Flare, consolidating its position as a leading blockchain platform catering to decentralized finance (DeFi) and the tokenization of real-world assets (RWA). Leveraging Google Cloud’s expertise and resources, Flare is poised to emerge as a preferred platform for developing the next generation of dapps.
For users on the Flare Network, this partnership brings the promise of even more dependable and secure data feeds, empowering developers to construct advanced dapps with access to an expanded array of data sources. Google Cloud joins the ranks of other prominent Flare infrastructure providers, including Ankr and Sensei Nodes, further enhancing the network’s capabilities and resilience.
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