Microsoft, Goldman Sachs, others form new blockchain network

Heavyweights in the finance and tech sector have partnered to form a new blockchain network aimed at financial institutions.

The likes of Microsoft, Goldman Sachs, BNP Paribas, Cboe Global Markets, Digital Asset, Paxos, Deloitte and others have formed the Canton Network.

The Canton Network will be a privacy-enabled interoperable blockchain network aimed at those working with institutional assets.

The network will begin testing its capabilities in July, which include extensive privacy controls and the ability to achieve the scale and performance needed by major financial institutions.


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