Google Cloud & Orderly Network come together to simplify DeFi access & security

Google Cloud and web3 startup Orderly Network have joined hands to create developer tools tailored for decentralised finance (DeFi), aiming to simplify entry into the world of decentralisation.

Together, they will focus on developing off-chain elements of DeFi infrastructure, with a specific emphasis on addressing challenges related to self-custody and transparency. Orderly Network will function as a DeFi infrastructure provider, accessible through the Google Cloud Marketplace.

ANNOUNCING: Google Cloud and Orderly Network's Exclusive Collaboration!@googlecloud accelerates its Web3 push, teaming up with @OrderlyNetwork to drive safer and faster DeFi adoption.

Explores Tailored Web3 product suite..

Everything you need to know 👇 pic.twitter.com/87ieWDb6Gm

— Orderly Network (@OrderlyNetwork) September 14, 2023

Google Cloud adapts to blockchain boom with web3 solutions

Google Cloud revealed that this collaboration was initiated in response to growing interest from clients exploring blockchain applications on their platform. Rishi Ramchandani, Head of Web3 in the Asia-Pacific region at Google, noted that the increasing demand underscores the need for a customised suite of web3 products.

"Working with Orderly Network to build robust infrastructure will help address the gaps in DeFi adoption and growth, and ensure scalability in the continuously evolving space through the development of secure and user-centric enterprise developer tools."

Rishi Ramchandani, Head of Web3 in the Asia-Pacific region at Google

Blockchain technology has become a central focus in the fintech revolution, prompting various players in the financial industry to explore decentralised technologies. Even traditional institutions like JPMorgan have been actively testing blockchain-based solutions, including DeFi applications. A 2021 report indicated that 55% of the top 100 banks had some level of involvement with blockchain technology.

Orderly Network balances DeFi speed and decentralisation

Orderly Network aims to distribute DeFi operations into both on-chain and off-chain components to strike a balance between speed and decentralisation. This approach aims to streamline processes while preserving the inherent benefits of decentralisation. Critical interactions will occur on-chain, while less resource-intensive tasks will be efficiently managed off-chain.

Arjun Arora, Chief Operating Officer of Orderly Network, emphasised the importance of blockchain technology outperforming existing solutions for mainstream adoption. Orderly Network is working on a versatile trading solution to seamlessly integrate decentralised applications across various blockchains, merging the strengths of decentralised and centralised exchanges.

"Our collaboration with Google ensures our matching engine competes with centralized systems seen in traditional finance, but the rest of our infrastructure and liquidity network retains all the benefits of self-custody and transparency seen in decentralized finance."

Arjun Arora, COO of Orderly Network

Overcoming entry barriers and enhancing security has long been a challenge for DeFi. Google Cloud's partnership with Orderly Network aims to create a secure environment and tools to address these issues, ultimately advancing the mainstream adoption of DeFi.