Blockchain technology has been making waves in various industries, and Google Cloud is staying ahead of the curve by expanding its support for blockchain networks. In a recent blog post dated September 21, Google Cloud announced the addition of 11 new blockchain networks to its renowned data warehousing service, BigQuery. This move not only demonstrates Google's commitment to staying at the forefront of technological innovation but also offers exciting possibilities for enterprises and developers seeking to harness the power of blockchain data for insights and applications.
BigQuery's Growing Blockchain Ecosystem
Google Cloud's BigQuery has been on a journey of blockchain integration since 2018 when it first introduced Bitcoin and Ethereum datasets. Now, with the latest expansion, BigQuery boasts a diverse portfolio of 19 blockchain networks, including Ethereum's Görli testnet, Polkadot, Tron, and more. This signifies a major step in making blockchain data accessible and actionable for a wider range of users.
Simplifying Blockchain Queries with User-Defined Functions
In addition to broadening its blockchain coverage, Google Cloud has introduced a game-changing feature aimed at simplifying the process of querying blockchain data. Long-form decimal results are common in blockchain transactions, and handling them accurately is crucial. Google's development team has responded to this challenge by creating user-defined functions that allow customers to access longer decimal digits and reduce rounding errors during computations. This enhancement is poised to make working with blockchain data more efficient and precise.
Collaborations Paving the Way for Blockchain Innovation
Google Cloud's interest in blockchain technology in 2023 is evident through strategic partnerships. In July, the collaboration with Voltage, a Lightning Network infrastructure provider, signaled Google's commitment to scaling the Lightning Network's capabilities. Furthermore, the recent partnership with Web3 startup Orderly Network on September 14 is set to play a pivotal role in providing off-chain components for decentralized finance (DeFi). These collaborations emphasize Google's role in fostering innovation and development within the blockchain space.
Unlocking the Potential of Blockchain Data
As blockchain technology continues to reshape industries like finance, supply chain, and healthcare, Google Cloud's expanded support for blockchain networks through BigQuery opens up new possibilities for organizations and developers. With access to a diverse array of blockchain data, enterprises can derive valuable insights, create innovative applications, and enhance decision-making processes. The future holds exciting prospects for those harnessing the power of blockchain data within Google Cloud's robust infrastructure.
In Summary
Google Cloud's inclusion of 11 additional blockchain networks within its BigQuery data warehouse underscores the company's commitment to embracing emerging technologies. This expansion, along with innovative features and strategic partnerships, is poised to empower businesses and developers to unlock the full potential of blockchain data for a wide range of applications. The era of data-driven blockchain insights has arrived, and Google Cloud is leading the way.
