Celo, an L1 blockchain platform, has started a partnership with Google Cloud (the most innovative and top tech company). As per the declaration, the latest collaboration is focused on supporting the sustainability-centred ventures operating in the network of Celo.
In addition to this, the collaboration also intends to offer required support and resources to the ventures, helping them to scale and develop Web3-based apps.
Celo Joins Google Cloud to Support Ventures in Building and Scaling Web3 Apps
Another thing taken into consideration while carrying out this partnership is that it deals with applications that have environmental sustainability at the peak of their priorities. As per the blog post published by Celo Foundation, the recent collaboration will emphasize many chief zones, including minimizing energy consumption, decreasing carbon footprints, as well as encouraging sustainable business activities.
The above-mentioned objectives can be accomplished by benefiting from the expertise of the tech giant Google Cloud in the field of sustainable cloud computing technology. Combined with this, the experience of Celo Foundation in decentralized finance (DeFi) and blockchain technology will boost the mutual endeavour of both platforms.
Apart from that, Google Cloud will offer credits for the Firebase and Cloud use to founders developing on the platform of Celo. With this, the venture founders will be permitted to access Google Cloud’s services and infrastructure to enhance the development and scaling of the applications more effectively.
Xochiti Cazador, the Head of Ecosystem Growth at Celo, stated that the collaboration would assist the Web3 founders and developers in building as well as scaling the applications on the top cloud within the industry.
The announcement also points out that the core team of Google Cloud will guide the founders of Celo Foundation in the Residence project that is structured to assist early-stage ventures in developing within Celo.
Moreover, the tech platform will collaborate with the companies like Coinbase Cloud to offer project support to the ventures taking part in its 8-week virtual camp accelerator project.
The respective program aims at assisting the early-stage ventures introduced on the platform of Celo. Richard Widmann, a senior executive at Google Cloud, disclosed that operating with Celo as well as the Web3 venture community is an opportunity for Google Cloud.
Google Recognizes Crypto Technology’s Potential and Determines to Further Explore It
As per the executive, this initiative will drive forward the vision of the platform to enable sustainable, scalable, and secure innovation via technology. Google has been roaming into blockchain technology’s potential as well as use cases for some years now. The tech platform has additionally been engaged in diverse projects dealing with crypto assets and blockchain technology.
Back in the year 2019, the tech firm collaborated with the blockchain analytics platform Chainalysis to offer enhanced security solutions and data analytics to the crypto firms.
The collaboration targeted helping law enforcement organizations and financial platforms to identify and prevent money laundering with the use of blockchain technology. Google also collaborated with Digital Asset (a blockchain platform) back in 2018.
That partnership included the tracking and validation of the supply chain of the products. The collaboration intended to ensure the provision of a secure and transparent method to track the products’ movement from their source.
In general, the engagement of Google in the crypto and blockchain world displays that it recognizes the burgeoning crypto space and the technology underlying it. It also shows Google’s commitment to further exploring this sector.
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