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Supra, as a leading company offering secure and scalable “oracle”, aims to provide quick and reliable price data to financial markets for Web2 and Web3 decentralized applications (dApps) in collaboration with Google Cloud.
So, what is an oracle? It refers to a service or technology used to provide blockchain-based smart contracts with access to real-world data.
Joshua Tobkin, CEO of Supra, said, “With this collaboration with Google Cloud, we have the opportunity to offer our “oracle” technology to decentralized financial markets. This collaboration will help dApp developers increase the reliability and efficiency of their financial applications by providing access to real-time price data.”
A Google Cloud spokesperson said, “The Supra collaboration will help developers make decentralized finance applications more reliable and efficient by providing them with access to real-time price data from various sources”
The collaboration will initially include access to price data from major exchanges such as Binance, Coinbase, Gate, Gemini, OKX, and Kraken. Supra will also deliver real-time price data to dApps in a reliable manner using Google Cloud’s Pub/Sub (a type of service that provides publication and subscription functionality).
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Google Cloud and Supra Contributing to DeFi Markets
The Google Cloud and Supra collaboration aims to provide fast and reliable price data to decentralized financial markets. Also the collaboration will enable the effective construction of financial applications by providing real-time price data to dApps in a more reliable manner.
Initially, this collaboration aims to provide price data from major exchanges to dApps. Also, they will deliver real-time price data to dApps in a reliable manner using Google Cloud’s Pub/Sub service.
The collaboration aims to accelerate the adoption of decentralized applications in the financial sector and provide more developers with faster access and lower latency
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