With a new solution, Flare’s validator scene is becoming bigger and more decentralized than ever before. Furthermore, the collaboration promotes synergy between off-chain and on-chain data for Flare and all its dApps.
Google Cloud joins Flare as a validator and begins supporting FTSO
Starting January 15, 2024, Google Cloud will support Flare’s proof-of-stake (PoS) consensus mechanism, where new blocks on the Flare blockchain are proposed and validated together with nearly 90 peers from around the world. Additionally, Google Cloud is now part of Flare Time Series Oracle, or FTSO, Flare’s eccentric decentralized oracle mechanism.
Flare engages @GoogleCloud as an infrastructure provider to validate the network and contribute to the Flare Time Series Oracle.
Anchoring decentralized data delivery in a dual role with network validation is what makes Flare the Blockchain For Data.https://t.co/bJF9yX7GrX pic.twitter.com/oGySMD4vVq
— Flare
(@FlareNetworks) January 15, 2024
As the data provider for the FTSO, Google is responsible for retrieving off-chain time series data and delivering it to the FTSO smart contract at regular intervals.
Combined with the submissions from all other data providers, this submission allows a decentralized median value to be calculated and made available to all dApps on the network.
James Tromans, Head of Web3 at Google Cloud, emphasized the importance of the collaboration for both teams:
Data access at scale is important to expand relevant blockchain use cases and drive greater global adoption of the technology. Google Cloud will become a validator on the Flare Network and support this mission.
The second part of the collaboration (FTSO integration) is a unique process, according to Flare’s statement. This is the first time Google Cloud has participated in a decentralized oracle system, either natively on a blockchain (like with Flare) or with an off-chain system like Chainlink.
More data use cases in the blockchain segment
Hugo Philion, co-founder of Flare and CEO of Flare Labs, is confident that the collaboration will unlock new possibilities for data-sensitive use cases in Web2 and Web3:
As a blockchain for data, we’re excited to have Google Cloud join our decentralized network of existing infrastructure providers contributing to Flare. Our collaboration will help realize a more robust decentralized smart contract platform that puts decentralized data at its core.
Using the network’s decentralized infrastructure, the validators can eliminate data bottlenecks more effectively.
This allows Flare to support the development of these exciting next-generation dapps, from AI and RWA to social and gaming.
