Technology
Supra and Google Partner to Bring Fast Price Feeds to Financial Markets
Global Banking & Finance Review®
Company
Miami, Florida, October 23rd, 2023, Chainwire
Supra, a leading provider of secure, scalable oracles for decentralized applications (dApps), today announced a partnership with Google Cloud to bring fast and reliable price feeds to Web2 and Web3 financial markets.
The partnership will allow Supra to leverage Google Cloud’s infrastructure and expertise to provide dApps with access to real-time price data from a variety of sources, including exchanges, OTC markets, and various data providers. This will enable dApps to build more reliable and efficient trading applications that are better aligned with the real world.
“We are honored to partner with Google Cloud to bring our oracle technology to various decentralized financial markets,” said Joshua Tobkin, CEO of Supra. “This partnership will allow us to scale our operations and reach a wider audience of dApp developers. We believe that this partnership will help to accelerate the adoption of decentralized applications in the financial sector.” “We are always looking for ways to help our customers get the most out of their data,” said a spokesperson for Google Cloud. “The partnership with Supra will allow dApp developers to access real-time price data from a variety of sources, which will help them to build more reliable and efficient decentralized finance applications.”
The partnership will initially focus on providing dApps with access to price data from major exchanges, such as Binance, Coinbase, Gate, Gemini, OKX, and Kraken. Among many use cases, Supra will use Google Cloud’s Pub/Sub service to provide reliable and robust delivery of real-time price data to dApps. This will allow dApps to build applications that can react to market changes in real-time with low latency.
In the future, the partnership will expand to include other types of data, such as order book data and historical price data. This will allow dApps to build a wider range of applications, such as market-making applications and arbitrage applications.
The partnership is a significant step forward for Supra and Google Cloud. It will help to accelerate the adoption of decentralized applications in the financial sector and make them more accessible to a wider audience of developers at greater speeds and lower latencies.
About Supra
Supra is a leading provider of secure, scalable oracles for decentralized applications. The company’s oracle technology allows dApps to access real-world data from a variety of sources, including cryptocurrency, foreign exchange, equities, and sports venues. Supra is backed by a team of expert researchers committed to building the highest-performing blockchain infrastructure to power the world’s value exchange.
To learn more about Supra and participate in their gamified learn-to-earn program, visit Countdown to Blastoff. Lastly, sign up for the whitelist for an opportunity to be notified in advance of possible future token offerings and for more alpha.
About Google Cloud Platform
Google Cloud Platform (GCP) is a suite of cloud computing services that runs on the same infrastructure that Google uses for its end-user products, such as Google Search and YouTube. GCP offers a broad range of services, including computing, data storage, data analytics, and machine learning.
An oracle is a service that provides real-world data to blockchain applications, allowing them to interact with external systems and data sources.
A decentralized application (dApp) is a software application that runs on a blockchain or peer-to-peer network, rather than being hosted on centralized servers.
Price feeds are real-time data streams that provide current prices for assets, such as cryptocurrencies or stocks, often used in trading and financial applications.
Google Cloud is a suite of cloud computing services offered by Google, providing infrastructure, data storage, and machine learning capabilities.
Low latency refers to the minimal delay in data transmission, crucial for trading applications to react quickly to market changes.
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