Google Cloud and Web3 startup Orderly Network are at the forefront of a revolutionary approach to decentralized finance (DeFi) with a partnership announced this morning. This synergy aims to cultivate user-centric development tools, thus reducing barriers to entry in the decentralized space, an initiative born out of the growing interest in blockchain explorations on Google Cloud.
The mission is clear: address the obstacles of self-custody and transparency that plague the DeFi landscape. Serving as a dedicated infrastructure provider available on the Google Cloud Marketplace, Orderly Network orchestrates the off-chain components of the DeFi infrastructure. Rishi Ramchandani, Head of GTM Web3 APAC at Google Cloud Asia Pacific, emphasized the need for robust infrastructure to bridge the adoption gaps in DeFi and drive growth in this dynamic sphere.
The collaboration with Orderly Network to establish a strong infrastructure will bridge the adoption and growth gaps in DeFi, and ensure scalability in an ever-evolving space through the development of secure, user-centric enterprise development tools.
A Harmonious Blend: Bridging the Gap Between Centralized and Decentralized Exchanges
Arjun Arora, COO of Orderly Network, shared insights into the collaboration strategy aimed at driving mainstream adoption of DeFi. He outlined an ambitious plan to surpass current solutions by creating a transparent dApp integration platform that incorporates the best attributes of decentralized exchanges (DEX) and centralized exchanges (CEX). Through a harmonious blend, Orderly envisions a system that rivals the efficiency of centralized frameworks while preserving the inherent decentralization advantages of DeFi ecosystems.
Accelerating DeFi Adoption: Resolving Security and Accessibility Issues
Despite its promising trajectory, DeFi growth has been hampered by significant entry barriers and persistent security issues. Google Cloud and Orderly Network aim to overcome these obstacles by striving to create a safe and user-friendly environment. The goal is to evenly distribute the DeFi workload between on-chain and off-chain components, achieving an optimal balance between speed and decentralization, and streamlining operations without sacrificing the fundamental benefits of a decentralized structure.