Goldman, Microsoft, Cboe and Others Team Up to Launch Blockchain Network
- Canton Network will link apps built with Digital Asset’s Daml
- Aims to spur broader blockchain adoption, starts tests in July
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A group of firms including Goldman Sachs Group Inc, Microsoft Corp, Deloitte and Cboe Global Markets Inc are joining a new blockchain system aimed at linking disparate institutional applications, potentially encouraging broader adoption of distributed ledger technology in financial markets.
Participants in the Canton Network, which will start testing some features in July, say the system offers better privacy and controls than currently available. At the same time, it will achieve a scale and standard appropriate for financial institutions, according to a statement released by the companies on Tuesday.