The cloud division of tech giant Google (GOOGL) has joined the Flare blockchain as a validator and infrastructure provider.
Google Cloud is one of 100 organizations transitioning this role to the Flare Time Series Oracle (FTSO) on the network, according to an email announcement shared with CoinDesk on Monday.
Flare, which calls itself “the blockchain for data,” gives developers access to decentralized data through its Oracle system. In blockchain parlance, Oracle refers to entities that connect networks to external systems, allowing smart contracts to be executed based on input and output from the outside world.
The network’s native token, FLR, has a market cap of almost $550 million and is priced at approximately $0.018. The token rose more than 4% after the partnership news emerged.
Flare’s infrastructure providers are the parties responsible for delivering high-quality data, allowing developers to develop use cases for blockchain technology and drive adoption.
Few entities offer access to such a volume of data as Google Cloud, making it a banner partnership for Flare and a reminder of the blockchain adoption underway at tech giants like Google.
Read more: Lido tests of ‘Distributed Validator Technology’ predict the 2024 decentralization pushUPDATE (January 15, 13:01 UTC): Updates headline and story to add token movement.