Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Sonic Unveils New Consensus Protocol, Promising 2x Speed and 68% Less Memory Use

    July 5, 2025

    SBF trial underway, Mashinsky trial set, Binance’s market share shrinks

    October 10, 2023

    Revamped Crypto.com Pay: User Experience Takes to the Top with Crypto.com DeFi Wallet

    May 18, 2023
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

      July 18, 2025

      Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

      July 16, 2025

      Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

      July 15, 2025

      BlackRock’s Bitcoin ETF Blows Past $80,000,000,000, Faster Than Any Other Exchange-Traded Fund in History: Bloomberg Analyst

      July 14, 2025

      Will Pi crash or rally in 2025?

      July 11, 2025
    • Technology

      Windtree Becomes First NASDAQ Firm to Add BNB to Its Balance Sheet

      July 18, 2025

      What is AI16Z – AMBCrypto

      July 17, 2025

      Bonk gains 15% to lead memecoins as altcoins eye rally

      July 16, 2025

      Comment on Trump Firing Powell Would Set ‘Very Bad Precedent,’ Warns Pompliano by Powell's Replacement? Fed Chair Succession Process Underway

      July 15, 2025

      Hungary Bans Unlicensed Crypto Platforms: Revolut and Bitstamp Suspend Services

      July 14, 2025
    • Learn/Guide

      $10.7 trillion Charles Schwab to launch spot Bitcoin, Ether trading, eyes stablecoin market entry

      July 18, 2025

      Russia’s largest bank Sberbank to roll out Bitcoin, crypto custody services to catch up with global banks

      July 17, 2025

      Trump Media files trademarks for Truth Social AI and AI Search

      July 16, 2025

      DOJ and CFTC drop investigations into Polymarket

      July 15, 2025

      FUNToken Isn’t Just Trending – It’s Consolidating Power in Telegram, One User at a Time

      July 14, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Revolutionary Blockchain Partnership Announced By Microsoft, Goldman Sachs
    Technology

    Revolutionary Blockchain Partnership Announced By Microsoft, Goldman Sachs

    May 20, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Blockchain
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Blockchain technology is the focus of a new partnership between Microsoft Corp, Goldman Sachs Group, Cboe Global Markets, and Deloitte.

    Their main objective is to develop a blockchain infrastructure that can connect institutional applications and encourage wider adoption of distributed ledger technology in financial markets.

    According to a press release from May 9, the Canton Network will be an interoperable blockchain with privacy features designed for the institutional asset management industry. It will make it possible to synchronize different financial markets that were “previously siloed.”

    Bloomberg calls the new venture “a collaborative effort that could be crucial to ledger technology in the finance market.” In addition, the group is striving to integrate “disparate institution applications,” which could have a positive impact on the entire industry.

    The global blockchain market is expected to surge from $7.18 billion in 2022 to $163.83 billion in 2029. Image: Forbes.

    Tech, Finance Giants Join Forces In Blockchain Project

    Based on the report, the Canton Network provides a secure and smooth environment for financial platforms, facilitating the synchronization of cash, data, and assets among various applications.

    This revolutionary technology represents a significant step towards addressing the challenges that financial platforms often encounter in their operations.

    With the Canton Network, financial platforms can rest assured that their valuable resources are kept safe while enjoying seamless integration and functionality.

    JUST IN: Goldman Sachs, Microsoft, Deloitte, and others partner to launch a blockchain network.

    — Watcher.Guru (@WatcherGuru) May 9, 2023

    Canton Network: Improving Privacy And Control

    Canton Network users, who will begin beta testing in July, claim the system improves upon the status quo in terms of privacy and control. It is expected to attain a scale and benchmark suitable for banks and other financial institutions, according to a statement released by the companies.

    When utilized appropriately, blockchain technology has the ability to “unlock” new opportunities in the market, according to Cathy Clay, executive vice president of Cboe Global Markets, which is one of the companies involved in the project.

    Clay said:

    “The tokenization of real-world assets may offer an unprecedented opportunity to create new market infrastructure and drive efficiency in the trading of products across the globe.” 

    The network will unite blockchain applications built with Daml, the smart-contract language devised by Digital Asset. The team-up is the result of years of blockchain research and development by the tech and finance industry’s behemoths.

    BTCUSD halfway past the $28K region. Chart: TradingView.com

    Blockchain Industry Continues To Grow

    Digital Asset is a blockchain-based startup founded by former JPMorgan executive Blythe Masters and supported by some of the world’s biggest banking organizations.

    Head of Issuer Services and Emerging Digital Markets at Deutsche Borse Group, Jens Hachmeister, underscored the importance of solutions that link applications built with Daml.

    For years, banks and other big businesses have been working on and assessing blockchain applications in the hopes that they will simplify and accelerate some of their most intricate procedures.

    Meanwhile, the global blockchain market is anticipated to increase from $7.18 billion in 2022 to $163.83 billion in 2029, at a compound annual growth rate (CAGR) of 56.3% during the forecast period, data by Fortune Business Insights show.

    -Featured image from YourStory





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Windtree Becomes First NASDAQ Firm to Add BNB to Its Balance Sheet

    July 18, 2025

    What is AI16Z – AMBCrypto

    July 17, 2025

    Bonk gains 15% to lead memecoins as altcoins eye rally

    July 16, 2025

    Comment on Trump Firing Powell Would Set ‘Very Bad Precedent,’ Warns Pompliano by Powell's Replacement? Fed Chair Succession Process Underway

    July 15, 2025
    Top Posts

    ARK Invest removes staking feature from its Ethereum spot ETF filing

    May 11, 2024

    Explore The Different Types Of Blockchain Network

    May 20, 2023

    Starknet v0.13.0 goes live on testnet

    December 14, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    GENIUS Act Passes House with 308 Votes, Could Redefine Stablecoins and Supercharge U.S. Crypto

    July 18, 2025

    Bitcoin May Freeze Satoshi’s Wallet Over Quantum Threat

    July 16, 2025

    Bitcoin under pressure as Satoshi-era whale sells: Will BTC drop to $108K?

    July 15, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.