Google Cloud has added support for 11 new blockchains in its BigQuery service

Google Cloud continues its active foray into the world of Web3 and blockchain technologies. Recently, the company announced a significant update to its BigQuery service, which now supports data from 11 new blockchains. This event is part of Google's strategy to develop its own Web3 ecosystem and support blockchain projects. Let's delve into this important news and the concept of BigQuery.

BigQuery is a cloud-based service for storing and analyzing large volumes of data, built on the Google Cloud infrastructure. This tool provides remarkable capabilities for companies looking to analyze and leverage their data for critical decision-making. It not only offers machine learning, geodata analysis, and business analytics functionality but is now also integrated with 19 blockchains.

The most exciting aspect of this news is the expansion of blockchain support in BigQuery. Users of this service can now access data from 11 new blockchains, in addition to the already supported Bitcoin and Ethereum. Among the new additions are Tron, Polkadot, Arbitrum, Polygon, Optimism, and six other blockchains. This means there's no longer a need to hunt for blockchain data from various sources; it's all available in one place.

Why Is This Important?

The question of why this is important is worth addressing upfront. Firstly, blockchain technologies are becoming increasingly crucial in the world of finance, investments, and even artificial intelligence. Thanks to BigQuery, analysts and researchers can easily access blockchain data, enabling them to better understand cryptocurrency market dynamics, transaction fees, and user activity.

This update is especially relevant for projects related to Web3 and cryptocurrencies. They can now conduct deeper analyses of blockchain data, track NFT transactions, compare transaction fees across different blockchains, and much more. This provides them with a competitive advantage and helps make more informed decisions.

Previously, accessing data from different blockchains required using various data sources and tools. This was not only inconvenient but also demanded significant time and resource investments. With BigQuery, all this data is available in one place, simplifying and speeding up the analysis and research process.

This isn't Google's first step into the world of Web3. The company has already begun actively expanding into this area, collaborating with blockchain projects, providing grants for Web3 startups, and enhancing its ecosystem capabilities. Such interest in blockchain and cryptocurrencies indicates that these are technologies of the future that will shape the financial and technological industries in the coming decades.