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Google Confirms Google Cloud Universal Ledger Is a Layer-1 Network

Key Takeaways

  • ​Google Cloud confirmed its blockchain project, Google Cloud Universal Ledger, is a standalone Layer-1 blockchain;
  • GCUL will use Python for smart contracts, aiming to attract developers outside the crypto industry;
  • Positioned as a neutral option, GCUL targets institutions that may avoid chains built by competitors like Circle and Stripe.

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Google Confirms Google Cloud Universal Ledger Is a Layer-1 Network

Google Cloud has confirmed that its in-house blockchain project, called the Google Cloud Universal Ledger (GCUL), is a Layer-1 blockchain designed to support digital payments and asset tokenization.

Rich Widmann, Google Cloud’s head of Web3 strategy, described GCUL in a post on LinkedIn as the result of long-term internal research.

He emphasized that the blockchain will allow developers to write smart contracts using Python, which differs from common crypto chains that typically use Solidity or Rust. This makes it more accessible to engineers already familiar with enterprise programming tools.

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Widmann explained that GCUL is an infrastructure layer that can be used by financial institutions seeking a neutral platform.

The announcement comes after CME Group finished the first phase of its integration and testing of the Universal Ledger. At the time, it was unclear whether this system would operate as a public blockchain or what its role would be.

According to Widmann, more technical information about GCUL will be shared in the near future. That could include how the network processes transactions, maintains consensus, and supports applications at scale.

Additionally, he argued that companies like Tether USDT $0.9960 or Adyen might be reluctant to rely on networks built by competitors.

Circle, the company behind USDC USDC $0.9962 , recently announced plans to roll out its own blockchain called Arc before the end of 2025. What does it do? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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