Google Cloud is increasing its efforts to assist Web3 developers in building and deploying new products on blockchain-based platforms, as blockchain technology continues to transform the way data is transferred and stored.
In particular, on October 27, Google Cloud announced the availability of a Blockchain Node Engine, a blockchain-based tool designed to help Web3 developers create and launch new products on blockchain platforms.
Blockchain Node Engine, a fully managed node hosting for Web3 development, will support Ethereum (ETH) as its first network. This will enable blockchain developers to provide fully managed Ethereum nodes with secure blockchain access.
Manually deploying a node entails providing a compute instance, such as installing an Ethereum client, and waiting for the node to synchronize with the network, according to Google. Syncing a whole node from the first block (i.e. “genesis”) may take many days.
Consequently, Google Cloud’s Blockchain Node Engine promises to speed and simplify this process by allowing developers to install a new node with a single step and specify the location and network (mainnet, testnet).
Additionally, Blockchain Node Engine offers security settings that may prohibit unauthorized access to nodes. Only trustworthy computers and users are permitted to connect to client endpoints when nodes are positioned behind a Virtual Private Cloud firewall.
Furthermore, as Blockchain Node Engine is a fully managed service, there is no need to worry about its accessibility. Google Cloud continuously monitors the nodes, and if anything goes wrong, it “restarts them during outages as necessary.”
Google Cloud asserts that Blockchain Node Engine would enable organizations to focus on consumers rather than infrastructure by “removing the requirement for a specialized DevOps staff” and “providing Google Cloud’s service level agreement”
Aside from this, the technology giant mostly ascribed a slowdown in revenue growth this year to a decline in advertising spending by financial institutions, notably those dealing with crypto assets due to the bear market.
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