There has been a similar project developed in Poland already. (https://en.media.pkobp.pl/78483-strategic-partnership-between-operator-chmury-krajowej-and-google

There has been a similar project developed in Poland already. (https://en.media.pkobp.pl/78483-strategic-partnership-between-operator-chmury-krajowej-and-google-for-digitization-of-the-polish-economy https://en.media.pkobp.pl/78483-strategic-partnership-betwee...) In practice it's not much more than government-branded version of Google Cloud Platform and Microsoft Azure. So far it serves well as a marketing vehicle for a handful of the biggest corporations, but it's barely used by anyone. I can see it could make sense as a solution to some particular problems though – European regulations often forbid banks from processing/storing customer data in other countries, so even though the tech is provided by the American tech giants, having everything hosted locally makes it possible for local financial services to finally move away from hosting everything on premises.