Digital Asset seeks DLT domination with developer programme
Distributed ledger technology (DLT) provider Digital Asset has unveiled a developer programme for its enterprise smart contract language, DAML.
The firm is looked for DLT domination and via its programme, developers can get tools and training for the DAML software development kit (SDK) to model multi-party applications that run on its platform.
Several of Digital Asset’s partners and clients, including Accenture, GFT Technologies, financial integrator IntellectEU, Australian Securities Exchange (ASX), ABN AMRO and the Depository Trust & Clearing Corporation (DTCC), have joined the programme’s private beta.
Digital Asset says it has already trained more than 100 developers at partner and client organisations that participated in the beta phase.
“DAML is an excellent tool for modelling inter-company workflows and capturing rights and obligations accurately,” says Rob Palatnick, chief technology architect at DTCC. “It provides the necessary capabilities to construct smart contracts in a very clean way.”
The DAML SDK includes the same integrated set of developer tools used by Digital Asset’s engineers to build a replacement for CHESS, the ASX post-trade clearing and settlement system for cash equities, the “first large-scale replacement of a mission-critical market infrastructure system to use DLT”.
As reported in 2017, ASX announced its plan to replace this infrastructure with Digital Asset’s technology.
Founded in 2014, Digital Asset has more than 140 employees. It has clients from New York, London, Zurich, Budapest, Sydney and Hong Kong.
Its acquisitions include four start-up companies, Hyperledger, Bits of Proof, Blockstack and Elevence. In 2016, the firm became a founding “premier” member of the Linux Foundation’s open source initiative, Hyperledger.
