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Fortune

Ben Weiss

Deloitte, Goldman Sachs, Microsoft among institutional players partnering on new blockchain network

blockchain Deloitte Goldman Sachs Microsoft Crypto Crypto Winter JPMorgan PayPal

Abstract illustration of blockchain (Credit: Andriy Onufriyenko)

A suite of legacy finance and tech firms, including Deloitte, Goldman Sachs, and Microsoft, have committed to join a new blockchain system, the Canton Network.

Digital Asset, a blockchain startup backed by some of the largest institutional finance firms and once led by former JPMorgan executive Blythe Masters, is behind the Canton Network's implementation, which is built with the firm's smart-contract language, Daml.

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