Google cloud services will be used for bank test data block chain technology in recent years, IBM, Microsoft and Amazon are competing for customers in this area. GFT, a consulting firm, said in a statement on Friday that the Royal Bank of Scotland has used Google's servers in a series of data blocks for the new test, which is used for currency settlement and settlement. Allegedly, Google's cloud services will also be available to other customers of the company, GFT company is located in Stuttgart, germany.
So far, IBM and Microsoft Corp have actively launched developer tools, inviting banks and startups to test this new database technology with their huge data centers. Cloud services leader in the Amazon also has been working with the block chain start-up companies. GFT is a member of the Google cloud platform cooperation project.
Block chain is a distributed accounting system, a number of companies (such as banks) can record the transaction security. The strength of the database is its reliability: reverse recovery or change the record of the transaction is very difficult. By enhancing trust and cooperation, the technology is expected to make a lot of industry more efficient, whether it is to complete the international transfer or payment to suppliers, all processes are able to reduce costs.
Companies in the financial, supply chain, healthcare and other industries are trying to block chain applications, and they open up new growth for cloud services, including Google's Alphabet. Cloud tests are usually easier and faster than banks on their own computers.
If the test is successful, cloud services may play a role in the application of the block chain, because for a number of companies to share the database, more manageable in the cloud. According to research firm Gartner said that this year, the global public cloud services market can reach $two hundred and four billion, higher than last year's $one hundred and seventy-five billion.