Google Cloud launches blockchain Layer 1 GCUL

Google Cloud has introduced GCUL (Google Cloud Universal Ledger), a new Layer 1 blockchain designed to simplify cross-border payments and digital asset transactions through a distributed ledger.

GCUL aims to address the shortcomings of legacy payment system - slow, costly, fragmented, and inflexible. Instead of building proprietary infrastructure, institutions can use GCUL as-a-service to manage commercial bank accounts and conduct instant transfers via a shared ledger.

Key highlights of GCUL:

- Simplicity: Access through a single API, no need to build infrastructure. Transparent, stable transaction fees with monthly billing like a typical cloud service.

- Flexibility: High-performance and scalable, supporting a wide range of use cases from automated payments and digital asset management to wallet integrations.

- Security: Compliance with regulations (KYC, legal transaction fees) and operation on a permissioned system with access controls, advanced security, and privacy standards aligned with Google’s framework.

GCUL is currently in private testnet.

👉 The trend of building infrastructure for payments, RWA, and beyond is being aggressively pushed by major players.
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