Digital Asset Teams Up with Cloud Computing Technology Giant VMware
Digital Asset (DA), a distributed ledger technology(DLT) startup which is enterprise focused has teamed up with yet another tech giant, VMware.
VMware, on Thursday 11th of April, announced that they will be incorporating Digital Asset’s smart contract language into their blockchain system.
VMware which is a publicly traded company, with a major part owned by Dell computers, have a staff strength of over 24,000, will supply the DAML (Digital Asset Modeling Language) with its blockchain platform through their partners and to the customers directly.
Michael DiPetrillo, VMware’s senior director on blockchain, said in a press statement :
“DAML has been proven to be one of the few smart contract languages capable of modeling truly complex workflows at scale,”
The company say that VMware blockchain “is deployed in enterprises worldwide” though more details weren't given.
California's first VMware Palo Alto, announced in August 2018, that it has developed an open source, energy efficient and scalable blockchain, dubbed ‘Project Concord’. In an effort to improve the speed of Data transfer (among other reasons) , the company in 2007, sought a patent for the use of blockchain tech.
Its main aim is to provide companies with:
- Cloud computing services
- Platform virtualization services
This merge announcement is one of many by Digital Asset, which is widely popular for Blythe Masters, the former CEO at JPMorgan, and also its long term contract to rebuild the aging CHESS system of Australia's security exchange with DLT(Distributed Ledger Technology)
DAML Made Open Source
DAML was recently made open source, and started working with ISDA (International Swaps and Derivatives Association)
This took place after the exit of some high level executives including Masters, who was succeeded by Yuval Rooz as CEO in December.