Google showcases Chainlink implementation with its cloud services, LINK skyrockets 70%

Published on by Cryptoslate | Published on

Google used Chainlink's features in a showcase implementation to bridge communication between blockchains and cloud-based services.

Allen Day, a Google Cloud developer advocate, described in a blog post how Chainlink could be used to make BigQuery data available inside an Ethereum smart contract.

Learn how to use Chainlink services to provide data from #BigQuery crypto public datasets on-chain, which helps reduce inefficiencies & enables new on-chain business models to emerge by adding entirely new capabilities to Ethereum smart contracts https://t.

"This assembly of components allows a smart contract to take action based on data retrieved from an on-chain query to the internet-hosted data warehouse. At a high level, Ethereum Dapps request data from Chainlink, which in turn retrieves data from a web service built with Google App Engine and BigQuery."

According to Allen Day, many inefficiencies encountered by developers who are building hybrid applications can be reduced with the implementation of Chainlink services and in some cases new features can be added to Ethereum smart contracts, which in turn allow them to take full advantage of cloud-based services and blockchains.

Shortly after Google's blog post was published, Chainlink shared the news on Twitter, which lead many investors to speculate that the smart contracts firm had closed a partnership with the search engine giant.

We're thrilled to share that Google is one of the great companies integrating #Chainlink into their approach to smart contract adoption.

Graham Perich, a software engineer at Airswap, explained that both companies were not joining forces and that the blog post was just part of an update on the recent developments of Google's Cloud products.

Even though there was no announcement of an official partnership, the news was priced in and Chainlink's LINK token skyrocketed 74.60 percent within 60 minutes to reach an all-time high of $1.97.

The integration of Chainlink's technology into Google's Cloud services is a sign that some of the biggest tech giants around the world are beginning to understand and implement the innovations that many cryptocurrencies are bringing to the tech industry.

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