Google Cloud’s head of Web3 strategy used a LinkedIn post to share new details on the company’s in-development layer-1 blockchain, the Google Cloud Universal Ledger (GCUL).
Rich Widmann data-ct-non-breakable=”null” href=”https://www.linkedin.com/posts/rich-widmann-a816a54b_all-this-talk-of-layer-1-blockchains-has-activity-7366124738848415744-7idA” rel=”https://www.linkedin.com/posts/rich-widmann-a816a54b_all-this-talk-of-layer-1-blockchains-has-activity-7366124738848415744-7idA” target=”https://www.linkedin.com/posts/rich-widmann-a816a54b_all-this-talk-of-layer-1-blockchains-has-activity-7366124738848415744-7idA” title=”https://www.linkedin.com/posts/rich-widmann-a816a54b_all-this-talk-of-layer-1-blockchains-has-activity-7366124738848415744-7idA”>described the blockchain as the result of “years of R&D at Google,” designed to be credibly neutral and compatible with Python-based smart contracts.
According to Widmann, GCUL is meant to serve as an open infrastructure layer for financial institutions. “Tether won’t use Circle’s blockchain — and Adyen probably won’t use Stripe’s blockchain,”…
