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
adopting
this
combined
role,
both
securing
the
network
as
a
validator
and
contributing
to
the
Flare
Time
Series
Oracle
(FTSO),
according
to
an
announcement
shared
with
CoinDesk
on
Monday.
Flare,
which
calls
itself
“the
blockchain
for
data,”
gives
developers
access
to
decentralized
data
via
its
Oracle
system.
In
blockchain
parlance,
Oracle
refers
to
entities
that
connect
networks
to
external
systems,
thereby
allowing
smart
contracts
to
be
executed
based
on
inputs
and
outputs
from
the
outside
world.
The
network’s
native
token,
FLR
has
a
market
cap
of
nearly
$550
million
and
is
priced
at
around
$0.018.
The
token
jumped
over
4%
after
the
partnership
news
came
out.
Flare’s
infrastructure
providers
are
the
parties
responsible
for
providing
high-quality
data,
thus
helping
developers
build
use
cases
for
blockchain
technology
and
further
its
adoption.
There
are
few
entities
that
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
ongoing
at
tech
giants
like
Google.
UPDATE
(Jan.
15,
13:01
UTC):
Updates
headline
and
story
to
add
token
movement.
UPDATE
(Jan.
15,
13:32
UTC):
Updates
to
reflect
Google
Cloud’s
combined
role
as
a
validator
and
contributor
to
FTSO.