Google Cloud Joins Forces with Orderly Network to Develop User-Centric Tools for DeFi on Blockchain
Summary:
Google Cloud has partnered with Web3 startup Orderly Network to develop user-centric developer tools for decentralized finance (DeFi), focusing on self-custody and transparency challenges. The collaboration aims to lower barriers to entry into the decentralized world by providing off-chain components of DeFi infrastructure, streamlining operations while maintaining the benefits of a decentralized system. This partnership reflects the increasing interest in blockchain workloads on Google Cloud and aims to drive mainstream adoption of DeFi by resolving security issues and improving accessibility.
Google Cloud and Web3 startup Orderly Network have announced a partnership to develop user-centric developer tools for decentralized finance (DeFi), with a focus on addressing self-custody and transparency challenges. The collaboration aims to lower the barrier of entry into the decentralized world by providing off-chain components of DeFi infrastructure. Orderly Network will act as a DeFi infrastructure provider available on Google Cloud Marketplace. The partnership was formed in response to increasing client interest in blockchain workloads on Google Cloud. Rishi Ramchandani, Head of APAC Web3 GTM at Google Cloud, emphasized the need for tailored Web3 products to meet growing demand for DeFi adoption and growth. As the fintech revolution continues, more institutions like JP Morgan are exploring decentralized technologies and solutions, including DeFi. Orderly aims to distribute the DeFi load into on-chain and off-chain components to balance speed and decentralization while maintaining the advantages of a decentralized system. This collaboration with Google will help Orderly create a trading Lego for seamless dApp integration across blockchains, merging features from decentralized exchanges (DEXs) and centralized exchanges (CEXs). The goal is to make blockchain technology outperform current solutions and bring mainstream adoption to DeFi by building a secure environment and resolving entry barriers and security issues.
Published At
9/14/2023 10:45:00 AM
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