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Innovative Blockchain Flare announced its partnership with Google Cloud, welcoming it as a significant infrastructure provider. Google Cloud will strengthen Flare’s commitment to decentralized applications and data access by acting both as a network validator and a contributor to the Flare Time Series Oracle (FTSO).
Google Cloud’s Dual Role in the Flare Ecosystem
As a network validator, Google Cloud will play a crucial role in proposing and validating new blocks on the Flare Blockchain. This active participation supports the chain’s Proof of Stake consensus mechanism, contributing to the security and integrity of the Flare network.
Additionally, Google Cloud joins an elite group of 100 organizations taking on dual responsibilities of validating and contributing to the FTSO, providing significant pricing data for Flare’s highly decentralized price oracle.
Unlocking Decentralized Data Access
Flare’s mission revolves around empowering decentralized applications with high-quality access to decentralized data. This includes price and time series data, Blockchain-based event and state data, and Web2 API data. The partnership with infrastructure provider Google Cloud plays a significant role in realizing this mission.
The collaboration allows Flare to leverage Google Cloud’s infrastructure capabilities to increase the availability of decentralized data and, in return, support the development of innovative decentralized applications.
Creating a Revolution in Blockchain Services with Flare
Flare uniquely combines low-cost EVM smart contracts with decentralized data, providing developers and users with reliable access to a broad range of data. By integrating Google Cloud as a validator and participant, Flare aims to highlight scalability, low latency, and cost-effectiveness.
This strategic collaboration is a step in line with Flare’s vision to expand the use of Blockchain by providing developers with various decentralized data sources to create compelling use cases.
Following the development, there was a sharp increase in the token price. The Flare network price rose by 40% to $0.023. At the time of writing, it is trading at $0.021.
