Google, a U.S. information technology (IT) company, seems to be speeding up its entry into the blockchain industry through its cloud division. Google Cloud, a subsidiary of Google, announced on October 28 that it would release a “blockchain node engine.”



Google Cloud
A blockchain node refers to a participant who plays a role of each server in a blockchain network. The central server differs from the existing network with all information rights in that the participants in the role of the node manage the information of the blocks in the network and maintain reliability.
Through the “blockchain node engine launch,” Google announced its plan to provide “reliability” in network infrastructure, “performance” and “security” of transactions, and distribute “smart contract” services. The “Smart Contract” service is a program that supports P2P exchange between individuals without the mediation of a central server.
“Google Cloud” said, “Self-management nodes often need continuous management such as distribution,” adding, “Blockchain Node Engine” is a hosting service that can minimize the need for node operation.”
It is said that the first network supported by the “blockchain node engine” will be Ethereum. Network support plans other than Ethereum have not been disclosed so far.



“Google Cloud” has unveiled its plan to launch a blockchain node engine, a blockchain network operation support system (photograph = Google)
“Google Cloud” also drew attention from the industry by suggesting the introduction of virtual currency payments on the virtual server (cloud) platform in the middle of this month. At that time, “Google Cloud” announced that virtual currency payments on the platform were targeted at some customers for the first time and would gradually expand the scope.
Google plans to use Coinbase Commerce, a coin-based system, to introduce a cloud payment and trust system using virtual currency. Coinbase Commerce is currently adopting a total of 10 virtual currencies, including Bitcoin, Bitcoin Cash, Doji Coin, Ethereum, and Light Coin, as payment methods.
News of the introduction of virtual currency in the virtual server platform of “Google Cloud” has become visible since May. Google explained in May that many customers asked to increase support for blockchain-based Internet (Web 3.0, Web 3) and virtual currency-related technologies.



C&C, an American economic media outlet, reported that Google has adopted virtual currency as a cloud platform payment method and plans to use Coinbase as a consignment method. (Photo = C&C)
Meanwhile, Philip Schindler, chief business officer of Google, said on October 25 (local time) that the virtual currency market recession hit advertising sales at the site of its third-quarter earnings announcement.
He explained that advertisements in the field of virtual currency, loans, and mortgage loans showed a withdrawal trend last quarter.