In a recent blog post, a mobile-first proof-of-stake layer 1 blockchain protocol, Celo, has announced a collaboration with Google Cloud, one of the world’s largest and most innovative technology companies.
According to the announcement, this new partnership aims to support sustainability-focused startups within the Celo network. Furthermore, it aims to provide startups with the resources and support they need to build and scale Web3 applications that prioritize environmental sustainability.
Google Cloud Continues Its Partnership With Blockchain Startups
According to Celo Foundation’s blog post, the recent partnership will focus on several key areas, such as reducing energy consumption, minimizing carbon footprints, and promoting sustainable business practices.
Moreover, This will be achieved by leveraging Google Cloud’s expertise in cloud computing and sustainable technology and the Celo Foundation’s experience in blockchain and decentralized finance (DeFi).
Furthermore, Google Cloud will provide credits for its Cloud and Firebase usage to founders building on the Celo platform. This will give access to startup founders to the tech giant Cloud’s infrastructure and services at a reduced cost, boosting them to build and scale applications more efficiently.
Xochitl Cazador, Celo Foundation’s Head of Ecosystem Growth, stated:
Our partnership with Google Cloud will help developers and Web3 founders building on the Celo blockchain build and scale their applications on the industry’s cleanest cloud.
The announcement also describes that the Google Cloud core team will guide the Celo Foundation’s founders in the Residence program, designed to support early-stage startups building on the Celo platform.
In addition, the tech company will join other firms, such as Coinbase Cloud, in offering project support to the startups participating in the virtual Celo camp accelerator, an eight-week program designed to help early-stage startups launched on the Celo platform. Richard Widmann, head of the strategy, web3, and Google Cloud claimed:
Google’s Long-Standing Commitment To Blockchain InnovationWorking with Celo and the Web3 startup community, we look forward to driving forward Google Cloud’s vision of enabling secure, scalable, and sustainable innovation through technology
Google has explored the potential of blockchain technology and its applications for several years. Google has also been involved in various projects related to blockchain and cryptocurrencies.
In 2019, the tech giant partnered with blockchain analytics firm Chainalysis to provide improved data analytics and security solutions to crypto companies. The partnership aimed to help financial institutions and law enforcement agencies detect and prevent money laundering using blockchain technology.
Furthermore, Google partnered with blockchain firm Digital Asset in 2018 to track and verify the supply chain of goods. This partnership aimed to provide a transparent and secure way to track the movement of goods from the source to the end consumer with the technology only blockchain provides.
Overall, Google’s involvement in the blockchain and crypto space demonstrates its recognition of the potential of the nascent crypto industry and its technology and its further commitment to exploring new applications and use cases.
Featured image from Unsplash, chart from TradingView.com