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Google Cloud has joined Flare blockchain as a validator and infrastructure provider.
The tech giant will serve as a contributor to the Flare Time Series Oracle (FTSO) - Flare’s native oracle for time series data such as cryptocurrency prices. Over 100 organizations are adopting both roles.
Flare, known as "the blockchain for data," gives developers access to decentralized data via the Oracle system.
“Data access at scale is important to increase relevant blockchain use cases and greater global adoption of the technology,” said James Tromans, head of Web3 for Google Cloud.
“Google Cloud becoming a validator on the Flare network will help support that mission.”
In response to the news, Flare's native token FLR has jumped as high as 35%. At the time of writing, FLR is priced at $0.02323, representing a 34% rise.
“As the blockchain for data, we are excited that Google Cloud is joining our existing decentralized network of infrastructure providers who contribute to Flare,” said Hugo Philion, co-founder and CEO of Flare.
“Our work together will help deliver a more robust decentralized smart contract platform that places decentralized data at its core.”
Last year, Google Cloud partnered with LayerZero. Tromans told Blockhead that the protocol provides interoperability and communications between different blockchains through an Oracle. "As part of their overall development and growth, they have selected Google Cloud as their primary oracle provider," Tromans explained.
"We're helping secure and validate the network. We're not reviewing their smart contrast or writing any of the Oracle code but we're running the Oracle for them on our secure infrastructure, which leverages all of Google Cloud's expertise."