According to Google Cloud, the integration is live on Google BigQuery, and the analytics data will be derived instantly through machine learning. Band Protocol notes that the partnership will push the platform’s use cases and expand the data available on BandChain even further. The financial data will be from the auto encoder-decoder that presents itself as a dataset that supports a new decentralized oracle’s creation. Notably, Band focuses on enabling users to leverage decentralized oracles for external data. In a tweet, Band Protocol explained the integration’s impact: Band Protocol said that the integration into Google BigQuery is part of its mission to bridge the gap between the blockchain sector and traditional enterprises.
Band hits new all-time high
The news directly impacted the Band price, surging by 29% in value to trade at $21.23 by press time, according to CoinMarketCap data. The asset also hit an all-time high of $23.19. Over the last 24 hours, Band’s trading volume has gained by 385%. Band’s partnership is a crucial development considering that Chainlink has dominated the decentralized oracle solutions. Overall, decentralized oracle solutions are an essential part of the infrastructure in the crypto markets.
