Google Cloud Teams Up with Orderly Network to Simplify DeFi for Everyone

Decentralized Finance Meets Cloud Power

Google Cloud has taken a giant leap into the world of decentralized finance (DeFi) by joining forces with innovative startup Orderly Network. Together, they aim to bridge the gap between traditional financial systems and emerging decentralized technologies. With their partnership, they will create user-friendly tools designed to minimize entry barriers for developers in the blockchain space.

Focusing on Challenges: Transparency and Self-Custody

The duo will concentrate on developing off-chain components that tackle some of DeFi’s toughest nut to crack—self-custody and transparency. Orderly Network plans to act as a crucial provider of DeFi infrastructure, soon to be available on Google Cloud Marketplace, where tech-savvy users can feast on these new offerings. This collaboration isn’t just for show; it’s a response to growing interest from enterprise clients exploring blockchain workloads.

The Change is Here: Demand for Tailored Web3 Products

Rishi Ramchandani, serving as Google’s head of Web3 in the Asia-Pacific region, emphasized that there’s no turning back. The increasing demand for customized Web3 solutions underlines the necessity of building infrastructure that meets the unique needs of this ecosystem. As he put it, “Working with Orderly Network will refine our approach to DeFi adoption and scalability in this rapidly evolving space.” It seems the industry is eager for a more functional and scalable digital financial system.

A Case for Decentralization: Keeping the Balance

Orderly hopes to maintain a harmonious blend of speed and decentralization by categorizing DeFi operations into on-chain and off-chain components. Their goal is to facilitate smooth operations while not sacrificing the advantages that come with a decentralized approach. By ensuring that essential interactions take place on-chain, while quicker operations are managed off-chain, they’re gearing up for a seamless experience.

Making DeFi Mainstream: The Vision Ahead

Arjun Arora, the chief operating officer of Orderly Network, shared his vision for this collaboration with Google. He believes that to push DeFi into the mainstream, blockchain technology must outperform existing financial solutions. This endeavor is not just about technology; it’s about fundamentally shifting how we think about finance—not just sticking a fancy sticker on the old systems.

Creating a Duel: Decentralized vs. Centralized Exchanges

Orderly is working to create a “trading Lego” that encourages seamless decentralized application (dApp) integration across different blockchains. The goal? To ensure their matching engine can stand toe-to-toe with the centralized systems that dominate traditional finance while keeping the essential benefits of self-custody and transparency in the DeFi space.

Breaking Barriers: Security and Accessibility

One of DeFi’s stubbornly persistent issues has been making sure security doesn’t play Santa Claus and steal all the presents of entry-level developers. Google Cloud and Orderly’s mission is to build up a secure environment that tackles the challenges head-on. Will they unlock the gates to DeFi for many? They seem committed to doing so—after all, innovation waits for no one.

A New Era: Collecting NFTs to Preserve History

Imagine being able to immortalize this historic partnership! As a fun twist, you can even collect this article as an NFT. Who knew journalism could be so… collectible?