If you were wondering when ‘Big Players’ would step in and make their own blockchain network, it looks like that time is now. 🟩
Big names like $MSFT, $IBM, and $GS came out yesterday with a presser announcing the Canton Network.
Canton Network is a privacy-enabled blockchain network for institutions. This network of networks aims to revolutionize financial market interoperability “… by connecting previously siloed systems, enabling a safer, reconciliation-free environment where assets, data, and cash can synchronize seamlessly across applications.”
The Canton Network sets itself apart by overcoming “the obstacles of privacy, control, and interoperability that have hindered other smart contract blockchain networks.” It enables participants to safeguard permissions and interactions to comply with security, regulatory, and legal requirements. 🔐
Starting in July, Canton Network participants will begin testing interoperability capabilities across various applications and use cases. This pioneering network holds the potential to unlock new efficiencies and power innovation within the financial industry.
Other participants include 3Homes, $ASX, $BNPQY, Broadridge, Capgemini, $CBOE, $CPIX, Deloitte, The Digital Dollar Project, DRW, Eleox, EquiLend, FinClear, Gambyl, IntellectEU, Liberty City Ventures, $MCO, Paxos, Right Pedal LendOS, S&P Global, SBI Digital Asset Holdings, Umbrage, Versana, VERT Capital, Xpansiv, and Zinnia. 🏦