Google’s cloud division has partnered with the Flare blockchain to help validate and provide infrastructure for it.
Google Cloud is one of 100 groups using Flare Time Series Oracle (FTSO) on the network. They announced this in an email shared with CoinDesk on Monday.
Flare is a blockchain that provides decentralized data to developers through its Oracle system. In blockchain language, an Oracle is something that links networks to outside systems. This lets smart contracts work using information from the outside world.
The value of the network’s own token, FLR, is about $550 million and the price is about $0. 018 The token’s price increased by 4% after the partnership news was announced.
Flare’s infrastructure providers are the people who give good data to help developers use blockchain technology more. This makes it easier for more people to use blockchain.
Google Cloud has a lot of data. This is good for Flare and shows that big tech companies like Google are starting to use blockchain technology.