#GoogleCloud is developing a blockchain network, #GoogleCloudUniversalLedger, for the #financialsector. #GCUL aims to provide a #neutralplatform for #financialinstitutions to build on, enabling #paymentautomation and #digitalassetmanagement. While described as a Layer 1 network, its permissioned and #privatenature has led to #communityscepticism. https://www.theblock.co/post/368399/google-cloud-blockchain-gcul?eickercrypto.com #crypto #blockchain