Google Cloud integrates Band Protocol to get real-time crypto data
Google Cloud is incorporating core technology from Band Protocol to enable “immediate and accurate analysis of financial time series data,” according to Kevin Lu, head of business development at Band.
Kevin announced on 15 April Thursday:
“We are proud to announce that Google Cloud has integrated the Band Protocol’s Standard Dataset, live on Google BigQuery, to enable immediate and accurate analysis of financial time series data. With Band Protocol oracles live on BigQuery, this is one of the direct collaborations with the Google Cloud team to enable traditional, hybrid blockchain and cloud applications to be built which use decentralized oracles.”
"Our teams are empowering researchers and developers to use decentralized oracles for any external data source or type, regardless if the application is natively built on the blockchain or Web 2, through the flexible design of Band Protocol oracles."
Google Cloud has figured out how it could translate financial time series data into real-time analytics with the help of machine learning. That data will come directly from Band’s public dataset through BigQuery.
Band was launched in September 2019 as an ERC-20 token before shifting on the Cosmos chain in June 2020. The protocol has emerged as one of the major competitors in a short period of time to Chainlink which is the leading oracle service provider in the blockchain industry. Band Protocol’s native token BAND has been through immense success as of late as cross-chain interoperability and new developments surrounding DeFi continue to attract investors.