Google Joins Hedera Hashgraph Board

While Hedera Hashgraph was already taking advantage of Google Cloud Platform, the consortium blockchain strengthens its relationship with the internet giant by selecting its service as " preferred cloud provider "For the ecosystem Hedera.

In a blog post, Allen Day, developer advocate at Google Cloud, explained that the Distributed Ledger (DLT) could "increase security and reduce the friction and associated costs for the secure exchange of information, photos or international remittances".

To meet these challenges, Hedera has developed a DLT based on the consensus algorithm hashgraph. The network now offers the accessibility benefits of an open public network and the technical ability to securely deliver large volumes of transactions faster and cheaper to businesses, "he wrote.

However, according to Day, network participants must also trust the stability and reliability of operations as well as the governance of Hedera. And to strengthen confidence in its protocol, the consortium is using the solution Google Cloud Platform since its creation.

We first turned to Google Cloud for ease of use, network benefits, and overall performance. The Google Cloud platform was the perfect foundation to help us achieve our goals for enterprise-friendly DLT adoption, "said Atul Mahamuni, executive vice president of products for Hedera.

We learn today that Hedera extends its collaboration with Google Cloud by selecting its service as "preferred cloud provider" for its public test networks and ecosystem Hedera.

As we continue to evolve our infrastructure, we are excited to expand our work with Google Cloud to make DLT even more accessible to members of our community, ”added Mahamuni.

In addition, Google became a member of governance council of Hedera, thus joining other large firms such as Boeing, IBM, SwissCom or TaTa. Its subsidiary Google Cloud will now operate a node on the network Hedera.

Following the announcement, the price of the digital token HBAR of Hedera suddenly progressed. Over the last 24 hours, the price of the token registers a rise better than 150%.