Blockchain Startup Cypherium Partners With Google Cloudbr>
Enterprise-focused blockchain platform Cypherium has teamed with Google Cloud to offer blockchain solutions to Google Cloud customers.
Cypherium is building a hybrid blockchain to provide optimal on-chain scalability. The company aims to address blockchain’s scalability and governance issues by combining two consensus mechanisms – Proof-of-Work (PoW) and Practical Byzantine Fault Tolerance (PBFT). The company is using its CPH token to power transactions and smart contract functionality for decentralized apps and a deferred payments system.
Cypherium will be joining an elite group of companies worldwide as an official Google Cloud technology partner. The blockchain company will provide Google Cloud corporate clients who require an enterprise blockchain solution with frontier speed, high throughput, confidentiality and the cross-chain capabilities needed to scale to the demands of real-world business needs.
“We’re delighted to be collaborating with Google Cloud to provide enterprises with a full-stack solution to harness the potential of this paradigm-shifting technology,” said Sky Guo, Co-Founder and CEO of Cypherium. “Cloud customers can rest assured that the blockchain solutions they implement using Cypherium Enterprise are clad in robust security, and capable of delivering rapid transaction speeds for its smart contracts and achieving fast data processing from its Java virtual machine.”
According to Cypherium, the Google Cloud partnership marks a key milestone in a series of strategic scaling initiatives for the company, including previous collaborations with Amazon Web Services and IBM Cloud.
“Google Cloud and Cypherium are bound by a perpetual need to innovate,” said Guo. “The future of commerce and blockchain are inextricably linked and we are well-positioned to leverage Google Cloud’s expansive resources and best-in-class infrastructure to accelerate the use of the technology to solve real-world problems faced by businesses today.”