Hi HODLers,
Is Google really going to launch its own Layer-1 Blockchain? I haven't followed the space as closely as I used to but this would be quite a big event if they launched a successful L-1!
Their head of #web3 shared his vision in this Linkedin post
- Google Cloud’s Universal Ledger (GCUL) was first announced in March with CME Group as a blockchain built for finance.
- Google's Rich Widmann says GCUL will support Python-based smart contracts and offer neutrality compared to blockchains from Stripe and Circle.
- CME Group has already completed an integration test, with broader market trials expected before a 2026 launch.
In his post, Rich Widmann expanded on a comparative chart below:
He believes Google's approach would be different than Stripe. Their goal is to build an Universal Ledger as shared infrastructure. They want it to be credibly neutral and accessible to any institution.
Can't wait to see what will come out of it.
Stay safe out there,