The internet as we know it now is centralized — data flows through and is stored in data centers owned by a handful of companies. A few powerful players control the most widely used services and platforms. But in Web3, data storage and flow take place on networks that run on many computers without a single entity controlling them. Online services from e-commerce to social media to gaming are provided and controlled by democratic groups of developers, creators, and users. The tech giant Google's Web3 concept is very clear: regardless of how this new field develops in the future, it still wants to be an infrastructure part of it. At the Mainnet 2022 crypto-summit, Google Cloud's Web3 Lead Richard Widmann stated, "We're a layer zero", referring to cloud provision in the context of blockchain use cases. The lawyer-turned strategist stressed that Google's nodes have to be decentralized and global enough to be resilient to things like internet outages and political unrest because each node is a single point of failure. And if one or two big tech companies like Amazon or Google end up controlling the overwhelming majority of blockchain nodes, that defeats the purpose of decentralized technology. But why experts think that Google Mastering Web3 will ruin things and also Web3 decentralized nature?
There are still a lot of issues to solve in Web 3 decentralized nature to make it more human-friendly. Google Mastering Web3 is debatable because for some people, it will be a major argument to exclude such technologies from their life, because such a future will never come true, and they will be right. For others, it will be a huge opportunity to make this future closer and take a benefit of it.
BNB Chain and Google Mastering Web3:
BNB Chain, a blockchain closely linked to the crypto exchange Binance, is partnering with Google Cloud, aiming to support the growth of early-stage Web3 and blockchain startups.
Projects based on BNB Chain can now access Google Cloud infrastructure including the ability to analyze on-chain data and encrypt information through Google's web3, a press release said. About 150 projects under a BNB-focused accelerator program will also get "accelerated access" to Google Cloud's startup support program.
"Google Cloud is a very good Web2 player and has really done a lot of Web3 stuff. It's important for us to just work with big players who have big visions, and we share the same DNA and same visions," said Gwendolyn Regina, investment director of BNB Chain.
Google's Web3 is the future
Blockchain and distributed-ledger-based companies like Hedera, Theta Labs, and Dapper Labs have already chosen to build on top of Google Cloud for scalability, flexibility, and security. Moving forward, Google Cloud's Digital Assets Team will undertake a number of short- and long-term initiatives to support companies in the digital assets/blockchain ecosystem, including:
Google Mastering Web3 will provide dedicated node hosting/remote procedure call (RPC) nodes for developers, allowing users to deploy blockchain validators on Google Cloud via a single click ("click to deploy").
Participating in node validation and on-chain governance with select partners.
Helping developers and users host their nodes on the cleanest cloud in the industry, supporting their environmental, social, and governance initiatives.
Supporting on-chain governance via participation from Google Cloud executives and senior engineers.
Hosting several public BigQuery datasets on our Marketplace, including full blockchain transaction history for Bitcoin, Ethereum, Bitcoin Cash, Dash, Litecoin, Zcash, Theta, Hedera Hashgraph, Band Protocol, IoTeX, Polygon, XRP, and Dogecoin.
Driving co-development and integration into Google's robust partner ecosystem, including participating in the Google Cloud Marketplace.
Embracing joint go-to-market initiatives with our ecosystem partners where Google Cloud can be the connective tissue between traditional enterprise and blockchain technologies.
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