In a strategic move to capture the future of financial infrastructure, Google Cloud is developing its own blockchain.
Dubbed the Google Cloud Universal Ledger (GCUL), the project is framed not as a competitor to existing chains but as a foundational, neutral utility for the entire sector.
Web3 lead Rich Widmann argued that financial institutions need a platform devoid of competitive allegiances—one that Adyen, Stripe, Tether, or Circle could all build upon without conflict.
By leveraging Google’s distribution, offering Python for smart contracts (a language familiar to millions of developers), and prioritizing compliance, GCUL is positioned to become the standardized, enterprise-grade ledger for payments and digital assets, currently incubating in a private testnet.
