Google Cloud has unveiled details of its new blockchain Universal Ledger (GCUL), which is being developed as a neutral infrastructure network for financial institutions.
According to Rich Widmann, head of Web3, GCUL will be a blockchain of "planetary scale". It will support Python smart contracts. Unlike private networks like Stripe or Circle, GCUL is planned to be focused on compatibility and trust.
Google expects that the neutrality of the blockchain will attract more participants. The company will reveal more technical details in the coming months.
It is already known that Google Cloud is testing Universal Ledger together with the Chicago Mercantile Exchange (CME Group) for asset tokenization and payments. Trials involving market players will start in 2026.
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