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Google Cloud Unleashes Explosive DeFi Revolution with Web3 Partnership

source-logo  news.coincu.com 14 September 2023 14:16, UTC
The strategic alliance aims to address critical issues within the DeFi (Decentralized Finance) space, specifically focusing on self-governance and transparency.

DeFi has experienced significant growth in recent years, offering innovative financial solutions while relying heavily on blockchain technology. However, challenges related to governance and transparency have posed obstacles to the sector’s broader adoption.

Orderly Network is set to leverage GC’s vast resources and technical prowess to develop off-chain components that address these challenges head-on. Off-chain solutions play a pivotal role in enhancing scalability and governance in the DeFi ecosystem.

One of the key outcomes of this collaboration will be the availability of Orderly Network’s DeFi infrastructure solutions on the Google Cloud Marketplace. This move is poised to streamline the accessibility of DeFi infrastructure services for developers and businesses seeking to enter the DeFi space.

Simon White, CEO of Orderly Network, expressed enthusiasm about the partnership, saying, “Our collaboration with Google Cloud represents a significant step forward in advancing the capabilities of DeFi infrastructure. By addressing issues of governance and transparency, we aim to make the DeFi ecosystem more robust and trustworthy.”

Google Cloud brings its expertise in scalability and security to the table. The partnership aligns with Google’s growing interest in blockchain technology and its applications across various industries.

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