Google has announced its plans for a layer-1 blockchain named the Universal Ledger, confirmed by Rich Widmann, Google Cloud's head of Web3 strategy. This blockchain will be unique as it utilizes Python for smart contracts instead of the more common languages like Solidity and Rust. Analysts express concerns about Google's ability to maintain neutrality amidst its existing business interests, especially in competition with Stripe and Circle, who are also developing their own blockchain infrastructures. Widmann promotes the Universal Ledger as an open infrastructure for financial institutions, strongly emphasizing its performance and perceived neutrality. However, industry expert Dr. Sean Yang warns that Google's claim of neutrality may be undermined by potential conflicts of interest across its diverse services. While Google aims for broad applications of its blockchain, Circle and Stripe are focusing more specifically on enhancing their core products. This development continues the ongoing trend of tech giants entering the blockchain space while raising questions about their intentions and the potential implications for the future of institutional blockchain solutions.

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