Blockchain that was developed by IBM and SAP about five years is now called Web3 and is growing by leaps and bounds due to influx of huge funds by Venture Capitalists. VC funds have pumped in hundreds of millions of dollars including seed funds into startups and other tech companies developing services in blockchain technology. Major retail giants and banks followed suit and launched themselves into the new space. Now cloud platforms are joining Web3 with Google Cloud as the newest entrant.

Google Cloud announced the launch of its Blockchain Node Engine. It described this service as “a fully managed node-hosting for Web3 development.” Earlier in the year, the tech giant had said that it had formed a new team for developing digital assets. The blockchain node engine seems to be what the team has developed, as of now.

In a blog post on Google Cloud, Amit Zavery, who is the GM/VP Engineering, Platform and James Tromans, Director, Cloud Web3 mentioned that they were “thrilled to announce Google Cloud’s Blockchain Node Engine.”

They described their Blockchain Node Engine as “a fully managed node-hosting service” that could “minimize the need for node operations.” They said that the engine would “relay transactions, deploy smart contracts, read or write block chain data with reliability, performance and security” through dedicated nodes; for Web3 companies. The node engine would offer services similar to what was currently offered by Google Cloud, but in Web3 not Web2.

Google Cloud said that its Blockchain Node Engine would help Web3 developers to build and deploy new products on platforms that are based on blockchain technology. The node engine would support the Ethereum blockchain platform in its current avatar and would scale its operations as Web3 innovations continue to increase.

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