Google Cloud Launches its Own Blockchain for Faster, More Efficient Global Payments

Google Cloud has introduced a new blockchain platform called GCUL to streamline the movement of money within the global financial system. Targeting commercial bank transactions, GCUL leverages distributed ledger technology (DLT) to simplify international payments and settlement. Currently in a private testnet phase, Google has partnered with the CME Group for an early pilot focusing on tokenized asset settlement. ]