TechFlow news, August 27 — According to official page information, Google Cloud has announced details about its L1 blockchain, Google Cloud Universal Ledger (GCUL), and opened a waitlist. Google Cloud stated that GCUL can provide experiences in digital asset issuance, management, and settlement. Its atomic settlement functionality reduces risk and enhances liquidity. It is exploring how to transfer value through secure transaction mediums, each backed by assets protected from bankruptcy and provided by regulated entities, such as central bank deposits or money market funds.
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