PANews reported on August 27th that Google Cloud launched its Level 1 blockchain, GCUL. GCUL will utilize Python-based smart contracts and aims to be a neutral infrastructure for finance, providing a "native commercial bank on-chain currency," 24/7 capital markets infrastructure, and payment and agency capabilities. The plan is to open it to the entire Google network, encompassing "billions of users" and "hundreds of institutional partners." Currently in a private testnet phase, the platform announced a pilot program for tokenized assets in partnership with the Chicago Mercantile Exchange (CME) earlier this year. Further technical details are planned for the coming months.PANews reported on August 27th that Google Cloud launched its Level 1 blockchain, GCUL. GCUL will utilize Python-based smart contracts and aims to be a neutral infrastructure for finance, providing a "native commercial bank on-chain currency," 24/7 capital markets infrastructure, and payment and agency capabilities. The plan is to open it to the entire Google network, encompassing "billions of users" and "hundreds of institutional partners." Currently in a private testnet phase, the platform announced a pilot program for tokenized assets in partnership with the Chicago Mercantile Exchange (CME) earlier this year. Further technical details are planned for the coming months.
Google Cloud launches L1 blockchain GCUL, currently in private testnet stage
PANews reported on August 27th that Google Cloud launched its Level 1 blockchain, GCUL. GCUL will utilize Python-based smart contracts and aims to be a neutral infrastructure for finance, providing a "native commercial bank on-chain currency," 24/7 capital markets infrastructure, and payment and agency capabilities. The plan is to open it to the entire Google network, encompassing "billions of users" and "hundreds of institutional partners."
Currently in a private testnet phase, the platform announced a pilot program for tokenized assets in partnership with the Chicago Mercantile Exchange (CME) earlier this year. Further technical details are planned for the coming months.
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