Blockchain-based video delivery network Theta Labs says Google Cloud has joined its Enterprise Validator Program. This means enterprises using Theta’s streaming technology can run Theta nodes directly from Google Cloud, and that Google Cloud is now running a validator node for the Theta network as part of the Theta consensus protocol.
As part of joining the program, Google Cloud becomes Theta’s preferred cloud provider. A turn-key package for new streaming clients is now available on Google Cloud Marketplace.
“Distributed ledger technology enables new business models that potentially transform the global digital economy, including the media & entertainment industry,” said Allen Day, Developer Advocate for Google Cloud. “We’re impressed by Theta’s achievements in blockchain video and data delivery. We look forward to participating as an enterprise validator, and to providing Google Cloud infrastructure in support of Theta’s long-term mission and future growth.”
Theta Main-net 2.0 and the Theta Guardian network, a decentralized layer of security and consensus run by community members, is now available for users to access via Google Cloud Marketplace. As part of the partnership, Google Cloud will also power the cloud infrastructure for THETA.tv video platform, a fast-growing first-party esports streaming site built on the Theta Network.
Theta Labs says its blockchain and protocol provides native support for off-chain micro payments capable of scaling to millions of concurrent video viewers. The protocol uses a “multi-level Byzantine fault tolerance consensus mechanism with aggregated signature gossip” to achieve higher performance and decentralization, according to company documentation.
Other members of the Theta Labs enterprise validator program include Binance, Blockchain Ventures, and gumi. The company has already launched THETA.tv, a first-party streaming platform which Theta Labs says has an existing user base of millions of esports viewers.
Theta Labs’ strategic corporate investors include Samsung NEXT, Sony Innovation Fund, BDMI Bertelsmann Digital Media Investments, and CAA Creative Artists Agency.