TechFlow reports that a group of companies including Goldman Sachs, Microsoft, Deloitte, and the Chicago Board Options Exchange are planning to launch a new blockchain-based system to connect various institutional applications.
The Canton Network will use Daml to build blockchain applications—Daml is a smart contract language developed by blockchain startup Digital Asset—and claims the system offers improved privacy and control compared to existing technologies, while delivering the scale and performance required by financial institutions.
Participants will begin testing parts of the network in July. Other companies involved in the network include ASX, BNP Paribas, Broadridge, Cumberland, Digital Asset, Moody's, Paxos, and SBI Digital Asset Holdings.
