Google Cloud has expanded its BigQuery service by adding 11 new blockchain networks to its data warehouse. This move aims to enhance the platform’s blockchain data offering and provide more precise, accurate, and reliable data for enterprise firms. The newly included networks are Avalanche, Arbitrum, Cronos, Ethereum Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon mainnet, Polygon Mumbai testnet, and Tron.
BigQuery, Google’s data warehouse service, enables businesses to store and query their data effectively. It offers various public datasets for querying, such as Google Trends, American Community Service demographic information, and Google Analytics. In 2018, Google introduced a Bitcoin dataset to BigQuery, followed by the addition of Ethereum later that year. The platform expanded its blockchain coverage in 2019 with the inclusion of Bitcoin Cash, Dash, Dogecoin, Ethereum Classic, Litecoin, and Zcash. With the recent update, BigQuery now supports a total of 19 blockchain networks.
In addition to incorporating these new blockchains, Google has introduced a feature to simplify blockchain queries. The platform has implemented user-defined functions (UDFs) to handle long-form decimal results often found on blockchains. By employing these UDFs, customers can access blockchain data with longer decimal digits and reduce rounding errors in computations.
Throughout 2023, Google Cloud has exhibited a growing interest in blockchain technology. On July 7, the company partnered with Voltage, a Lightning Network infrastructure provider. This collaboration aims to advance the adoption of decentralized finance (DeFi) solutions. Additionally, on September 14, Google Cloud partnered with Web3 startup Orderly Network to offer off-chain components for DeFi.
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By expanding its blockchain coverage and introducing new features, Google is positioning itself as a key player in the blockchain analytics space. The inclusion of additional blockchain networks in BigQuery enables enterprise firms to analyze and derive insights from a broader range of blockchain data. As blockchain technology continues to gain prominence, this move by Google Cloud reflects the increasing demand for reliable and comprehensive blockchain analytics tools.
The availability of blockchain data on BigQuery allows businesses to extract valuable insights and make informed decisions. With a wealth of blockchain data at their disposal, companies can gain a deeper understanding of market trends, user behavior, and transaction patterns. This, in turn, can facilitate the development of innovative use cases and drive the adoption of blockchain technology across various industries.
Moreover, Google’s efforts to enhance the precision, accuracy, and reliability of its datasets signify the platform’s commitment to providing high-quality data for its users. By addressing common issues such as rounding errors in blockchain computations, Google aims to ensure that its customers can trust the data they analyze and utilize it effectively in their operations.
As the adoption of blockchain technology continues to grow, the availability of comprehensive and reliable blockchain analytics tools becomes increasingly important. Companies across industries are recognizing the potential of blockchain data to drive innovation, improve operational efficiency, and enhance security. Google Cloud’s expansion of its blockchain coverage and the introduction of new features in BigQuery are indicative of the company’s dedication to supporting this growing demand.
In conclusion, Google Cloud has added 11 new blockchain networks to its BigQuery service, expanding its blockchain data offering and providing enterprise firms with a more comprehensive and reliable analytics platform. By incorporating additional blockchains and introducing user-defined functions, Google aims to simplify blockchain queries and deliver more accurate results. These developments underscore the company’s commitment to supporting blockchain technology and providing high-quality analytics tools for businesses operating in the blockchain space.
