Google Cloud Launches Universal Ledger to Revolutionize Institutional Blockchain Infrastructure

Google Cloud has unveiled its new initiative, the Universal Ledger (GCUL), a Layer 1 blockchain designed specifically for institutional payments. This project, currently in pilot phase with CME Group, promises significant changes to how financial institutions operate. Key highlights include a strategic partnership with CME Group, Google Cloud’s leadership under Rich Widmann, and the potential for Python-based smart contracts to revolutionize financial system development.