Goldman, Microsoft, Bat For Financial Industry Blockchain
Goldman Sachs Group Inc., Microsoft Corp., Deloitte Touche Tohmatsu Ltd., Moody’s Corp., and other institutions are teaming up with New York-based fintech firm Digital Asset to launch the Canton Network, a blockchain that aims to connect institutions and financial assets while providing improved privacy and control at a lower cost.
On Tuesday, Digital Asset released the identities of the partners and stated that the blockchain project will connect applications based on Daml, the company’s native smart contract language.
According to the news announcement, the Canton Network seeks to deliver decentralisation while retaining regulatory compliance for governance and privacy.
The network’s launch date has not been revealed, but members will be able to test the network’s capabilities and apps beginning in July, according to the press release.
(With inputs from Shikha Singh)
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