Goldman Sachs and Microsoft are collaborating to increase the adoption of Web3 on the Canton blockchain through the use of artificial intelligence (AI). They are joining other traditional finance giants such as Deloitte, S&P Global, Moody's, BNP Paribas, and Cboe Global Markets in building infrastructure during the crypto bear market.

The recently-released Canton Network, built on Microsoft's Azure cloud, aims to attract developers with a new digital asset smart contract language. AI can improve the user experience of Web3 by analyzing app usage patterns, streamlining complex tasks, and improving network management.

Traditional finance firms envision real-world asset tokenization as their next goal, and Canton can help create new market infrastructure and drive efficiency in the trading of products across the globe.