The third player, Alphabet, via its Google Cloud division, is piloting the Google Cloud Universal Ledger, a chain intended for managing tokenized assets and making wholesale payments. While the network's full feature set isn't known yet, one of the stated objectives is for it to be a neutral platform that banks and other financial businesses can use without worrying about creating potential conflicts of interest. Beyond that, the GCUL has the potential to be a powerful competitor solely on the basis of Alph ...