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Home»Blockchain»Securing blockchain worldwide with Google Cloud
Blockchain

Securing blockchain worldwide with Google Cloud

2024-06-19No Comments3 Mins Read
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Google Cloud recently authorized the Tezos Foundation to create a secure, global mirror image of the original Tezos blockchain technology. Google Cloud’s standard SDK tools smoothly executed this strategic deployment across continents, greatly increasing the challenges of protecting the stability and security of the blockchain.

The Tezos Foundation was ready to deploy new archive nodes in new regions shortly after leveraging Google Cloud infrastructure. They created these large nodes, each containing more than 1 TB of data, in just two hours. Additionally, using the Cloud SDK command-line tools, they deployed a snapshot service in three days.

This rapid implementation process is important as the use of blockchain technology is growing rapidly in areas such as finance, pharmaceuticals and tourism. As more industries adopt this technology, safety and reliability are crucial considerations.

Tezos is an open-source blockchain platform that adapts itself, simplifying work with smart contracts and enabling P2P secure transactions. This effort is truly unique because it focuses on sustainability and has a unique governance model that puts ownership in the hands of “validators” or “bakers.” This special structure facilitates the democratic decision-making process within a network.

Some of the leading brands include Manchester United and McLaren, and some of them have already adopted Tezos to use it as a way to distribute digital collectibles to their customers, which also highlights the continued expansion of various vertical applications of Tezos.

The Tezos Foundation decided to improve the network’s security and data processing and deployed archive nodes in the Google Cloud. These nodes keep a complete record of all previous blockchain transactions and statuses. Chris Pinnock, Head of Information Technology at the Tezos Foundation, attributed this to Google Cloud’s effective deployment mechanisms for archive nodes worldwide. He also singled out Filestore for its handling of big data and quick installation of monitoring tools such as uptime checks, which are critical in checking a system’s functionality and security.

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The global distribution of nodes is critical to disaster recovery and business continuity because it allows organizations to easily restore systems in the event of a disaster. This ensures easy repair of a damaged node using data from other nodes in different geographic locations. Furthermore, the Foundation values ​​the opportunity to select data centers that have minimal impact on the natural environment.

As pioneers in innovation, the Tezos team is now actively developing smart rollups that will significantly improve the speed of transactions. To improve the efficiency of the blockchain, this technique involves managing the transaction in another branch before securely merging it into the blockchain. During a controlled test of the Tezos architecture, which was based on Google Compute Engine, the number of transactional operations reached one million per second, proving that the blockchain is capable of performing a large number of operations.

In the future, the Tezos ecosystem plans to integrate Etherlink, allowing the former to better work with Ether-based contracts. This increases the chances of attracting new users to the Tezos platform and driving adoption. Additionally, work on Tezos 2.0 is ongoing, which will bring more improvements to the system. Among these improvements is a data availability layer that will improve speed and demonstrate the Tezos Foundation’s continued commitment to innovation and development.

As the Tezos network develops and expands, the integration of Google Cloud solutions remains relevant. Pinnock claims that Google Cloud has a robust strategy for Web3 developments and custom blockchain SaaS services. Adopting tools like the Blockchain Node Engine could reduce complexity and improve decentralization of the Tezos community, making it an efficient stakeholder in building the future of blockchain.

See also  DigiFT will be Singapore's first regulated public blockchain exchange for asset tokenization

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