Google’s BigQuery Crypto Project to Be Improved by Partnering with Chainlink (LINK)

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Fri, 06/14/2019 - 09:07
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Yuri Molchan
Google teams up with smart contract platform Chainlink to launch a new crypto data project
Google’s BigQuery Crypto Project to Be Improved by Partnering with Chainlink (LINK)
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A day earlier, Google wrote on its blog that it is striking a partnership with Chainlink, the crypto platform whose coin LINK is ranked 24 on CoinMarketCap.

The startup is going to help the IT giant to improve its BigQuery analytics platform working with DLT data.

Forbes shares the details in its recent article.

Google finds a blockchain partner

In February, technology giant Google publicized DLT data for BTC, ETH and several other blockhains through its BigQuery platform working with analytical data. Now Google intends to go further and partner with Chainlink, a platform that, through its Oracle service, allows integrating such data as prices and interest rates of conventional financial assets into smart contracts. It is expected to improve the opportunities of BigQuery.

Google’s blog post says that cooperation with Chainlink is going to help Google to integrate data from sources beyond the blockchain.

Google’s Allen Day writes that in order to arrange implementation of blockchain data on business processes in both directions, it is necessary to make cloud services “programmatically available on-chain to smart contracts”.

That is what Chainlink is going to help Google with.

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Other pluses of the Google and Chainlink partnership

Google’s blog post also shows how it is possible to apply smart contracts for data on a coin, such as ETH. Google is going to partner with Chainlink to settle bets in predictions for marketplaces, which can be used for processing futures to bring down the risks and add privacy to transactions.

In February, Day and chief developer Evgeny Medvedev introduced DLT to Google by putting data from BTC and ETH platforms into BigQuery. This year, they have already developed similar sets of data for other coins, such as BCH, ETC, LTC, etc.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.