Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Google Cloud Quietly Testing Its Own Blockchain for Payments

Google Cloud Quietly Testing Its Own Blockchain for Payments

DailyCoinDailyCoin2025/08/27 16:03
By:DailyCoin

Google Cloud is developing its own blockchain network, aiming to provide financial institutions with a neutral and compliant infrastructure layer for payments and digital asset management.

The new system, called Google Cloud Universal Ledger (GCUL), is currently running in a private testnet, according to Rich Widmann, the company’s Web3 Head of Strategy. 

Sponsored

In a LinkedIn post , Widmann described GCUL as a platform that emphasizes performance, neutrality, and Python-based smart contracts, aiming to serve as an infrastructure layer that avoids conflicts of interest between competing financial firms.

“Tether won’t use Circle’s blockchain – and Adyen probably won’t use Stripe’s blockchain. But any financial institution can build with GCUL,” Widmann wrote.

GCUL is already being tested with the derivatives marketplace CME Group for tokenization and payments use cases. In March, the companies announced that they would begin direct testing with market participants later in the year and plan to launch new services in 2026.

Google positions GCUL as a credibly neutral blockchain that any institution can adopt, unlike blockchains tied to specific companies such as Stripe or Circle. More technical details are expected in the coming months.

Big Tech’s Blockchain Push

Google is not the only company investing in blockchain infrastructure. Private blockchains are increasingly emerging among enterprises and financial institutions.

Microsoft has developed its Confidential Consortium Framework (CCF) and offers blockchain tools through its Azure platform. Amazon Web Services (AWS) provides managed blockchain services and recently partnered with Avalanche to facilitate enterprise subnets.

IBM, an early mover, continues to build on Hyperledger Fabric, powering projects like Food Trust and TradeLens. In China, Tencent has developed blockchain frameworks for invoicing, identity, and legal documentation.

Private blockchains are permissioned, meaning only approved participants can validate transactions. This governance model allows enterprises to enforce rules, manage upgrades, and ensure operational stability without relying on a decentralized community. 

Many operations involve sensitive information, and private networks can restrict access to transaction data, unlike public chains, where transactions are fully transparent.

Why This Matters

The rise of private blockchains like Google Cloud’s GCUL highlights enterprise demand for compliance, privacy, and control. Public blockchains, meanwhile, remain the hub of decentralized innovation, with hybrid ecosystems likely bridging regulated private networks and open public chains.

Dig into DailyCoin’s top crypto scoops:
Crypto Market Takes a Sharp Hit Today. What’s Driving the Sell-Off?
$999M Unlock Tsunami Slams Markets: SOL, SUI, TRUMP On Edge

People Also Ask:

What is Google Cloud blockchain (GCUL)?

Google Cloud’s Universal Ledger (GCUL) is a private blockchain network designed for financial institutions to manage payments, digital assets, and smart contracts in a secure, compliant environment.

How does GCUL differ from public blockchains?

Unlike public blockchains such as Ethereum, GCUL is a private blockchain, meaning only approved participants can validate transactions. This allows for higher performance, privacy, and regulatory compliance.

Who can use Google Cloud blockchain?

GCUL is designed for financial institutions and enterprises. Unlike blockchains tied to a single company, GCUL can be adopted by any qualified institution for payments, tokenization, and smart contracts.

What are the benefits of a private blockchain like GCUL?

Private blockchains offer faster transactions, restricted access, regulatory compliance, and customizable governance, making them better suited for enterprise use than fully public, decentralized networks.

Will Google Cloud blockchain replace public blockchains?

No. Private blockchains serve enterprise needs for control and compliance, but public blockchains remain the hub for open finance, liquidity, and decentralized innovation.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Ethereum's $5,000 Breakout and the Rise of Layer 2 Meme Coins: A Perfect Storm for 2025

- Ethereum's 2025 institutional adoption hits $4B ETF inflows, surpassing Bitcoin outflows. - Layer Brett (LBRETT) outperforms legacy tokens with 55,000% APY staking and $0.0001 fees on Ethereum L2. - Regulatory clarity and $67B stablecoin dominance position Ethereum as 2025's institutional backbone. - Strategic partnerships with Kakao Chat and Coinbase DEX drive LBRETT's retail adoption and token value.

ainvest2025/08/27 17:24
Ethereum's $5,000 Breakout and the Rise of Layer 2 Meme Coins: A Perfect Storm for 2025

Verge (XVG) Price Action: A Technical Deep Dive into Breakout Momentum and Long-Term Bullish Potential

- Verge (XVG) nears critical $0.00743 triangle apex, with potential 107% upside to $0.015376 if it breaks above $0.0080 resistance. - Technical indicators show conflicting signals: bearish RSI/MACD vs. 200-day SMA support and multi-chain expansion boosting utility. - Network upgrades (Verge Core v7.13.0) and speculative $0.035/2030 price targets highlight long-term bullish potential despite low liquidity risks. - Traders warned of 51% attack risks and 41% July volume drop, emphasizing strict risk managemen

ainvest2025/08/27 17:24
Verge (XVG) Price Action: A Technical Deep Dive into Breakout Momentum and Long-Term Bullish Potential

Navigating the Post-Rally Correction: Is This a Buying Opportunity or a Deeper Downturn in Crypto?

- Q3 2025 crypto market saw 7% Bitcoin drop and $291M Ethereum liquidations, signaling leveraged volatility risks. - Institutional Bitcoin hoarding ($64.4B) and Ethereum ETF inflows ($2.85B) countered retail leverage-driven instability. - Fed dovish signals and $115K BTC support levels suggest market recalibration, not bear market, with strategic entry opportunities. - On-chain metrics (MVRV Z-Score 1.43) and whale accumulation ($58.3M BTC) indicate long-term holder confidence in price floors.

ainvest2025/08/27 17:24
Navigating the Post-Rally Correction: Is This a Buying Opportunity or a Deeper Downturn in Crypto?

Mega Matrix's $16M Stablecoin Strategy: Navigating Post-Volcker Opportunities in a Digital Treasury Era

- Mega Matrix launches $16M stablecoin strategy to bypass Volcker Rule restrictions via DeFi yield generation and cross-border payments. - Stablecoins enable institutional clients to optimize liquidity while complying with U.S. GENIUS Act and EU MiCA regulatory frameworks. - The hybrid model combines capital preservation (2.37 current ratio) with staking yields, differentiating from Tether/USDC through public market access. - Strategic alignment with post-Volcker macro trends positions stablecoins as insti

ainvest2025/08/27 17:24
Mega Matrix's $16M Stablecoin Strategy: Navigating Post-Volcker Opportunities in a Digital Treasury Era