Google Jumps The Crypto Bandwagon To Win Cloud Market From Alibaba, Amazon, Microsoft

Alphabet Inc’s GOOG GOOGL Google cloud unit formed a team to build services for developers running blockchain applications to tap the budding crypto market, CNBC reports.
Former Citi executive James Tromans, who arrived at Google in 2019, will lead the product and engineering group.
Google wants to offer back-end services to developers interested in composing their Web3 software to win market share in cloud infrastructure from Alibaba Group Holding Limited BABA, Amazon.com, Inc AMZN, and Microsoft Corporation MSFT.
Google Cloud VP Amit Zavery looks to make the Google Cloud Platform the first choice for developers in the field.
“While the world is still early in its embrace of Web3, it is a market that is already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and Crypto-related technologies,” Zavery said.
Google Cloud looked to devise a system to streamline blockchain data for people to explore while simplifying the process of building and running blockchain nodes for validating and recording transactions.
Google’s tools can work in other computing environments, such as Amazon Web Services.
Price Action: GOOG shares traded lower by 0.73% at $2,317.87 on the last check Friday.