Google Cloud has announced the launch of the Universal Blockchain Ledger (GCUL), designed to support financial institutions in their innovative initiatives.
Blockchain Ledger for the Financial Sector
Google Cloud has rolled out the Google Cloud Universal Ledger (GCUL)—a blockchain-powered infrastructure aimed at the global financial industry. This new blockchain network is intended to support institutions looking to innovate securely with distributed ledger technology.
Python-Based Smart Contracts
GCUL supports Python-based smart contracts, which can accelerate adoption as Python is one of the most widely-used programming languages, making it easier for developers in the financial sector to create, test, and deploy blockchain applications.
Neutral Infrastructure for Finance
GCUL is positioned as a neutral infrastructure layer that is not aligned with any specific blockchain ecosystem or cryptocurrency. It is intended to integrate with existing systems, providing a flexible foundation for building financial applications such as asset tokenization, settlements, and digital identity verification.
Google Cloud's Universal Ledger may become a key component in the digital transformation efforts of financial institutions due to its reliability and support from Google.
