Goldman Sachs, Microsoft, and the Chicago Board Options Exchange plan to jointly launch the blockchain network Canton Network

2023-05-10 08:10:41

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ChainCatcher news, a group of companies including Goldman Sachs, Microsoft, Deloitte, and the Chicago Board Options Exchange is planning to launch a new blockchain-based system to connect various institutional applications.

Canton Network will use Daml to create blockchain applications, Daml is a smart contract language developed by blockchain startup Digital Asset, and it claims that the system offers better privacy and control than existing technologies while achieving the scale and performance required by financial institutions.

Participants will begin testing some functionalities of its network in July. Other companies participating in the network include ASX, BNP Paribas, Broadridge, Cumberland, Digital Asset, Moody's, Paxos, and SBI Digital Asset Holdings. (Bloomberg)

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