The tech giant Google announced Oct. 27 that it would launch a new Blockchain Node Engine (BNE) powered by Google Cloud. To simplify the deployment of smart contracts, BNE will initially support Ethereum, the blockchain that serves as the foundation for Web 3.0. 

Crypto companies and Web3 service providers can use Blockchain Node Engine as a node-hosting service. In a post published recently, the tech company said, “Ethereum will be the first blockchain supported by Blockchain Node Engine, enabling developers to provision fully managed Ethereum nodes with secure blockchain access.” 

What is Blockchain Node Engine? 

Google's Blockchain Node Engine minimizes node operations while also offering a fully managed node-hosting service. Organizations using Web3 can reroute transactions, create smart contracts, and access blockchain data with the reliability, performance, and security of Google Cloud computing and network infrastructure.? 

In May, it formed a Web3 team within its cloud unit to enter the world of decentralized finance (defi) and Web3. The tech giant recently partnered with Coinbase to enable crypto payments to its cloud services. The tech giant previously provided technical support to Near Protocol's grant recipients. 

A Google spokesperson confirmed the report, saying, “We’re providing technologies for companies to use and take advantage of the distributed nature of Web3 in their current businesses and enterprises.” 

As part of its support for blockchain application development, transactions, and deployment, Google formed the Digital Assets Team earlier this year. Aptos, a layer-1 blockchain company, reported that node deployment times were reduced to under 15 minutes using Google Cloud. Other Web3 companies using Google Cloud include Solana and Dapper Labs.?