In the latest cryptocurrency news, we are featuring the company Digital Asset which is mostly known by creating the DAML smart contract programming language – and its recent partnership with a major cloud computing company named VMWare.
“Combining an enterprise-grade blockchain platform with a transformative smart contract language, this collaboration will allow for broader reach and support as a combined offering, following a recent announcement that DAML has been open-sourced,” the announcement reads.
The news about the partnership went viral on many best cryptocurrency news sites, reporting the announcement found on Digital Asset’s blog made on April 11. As the official press release notes, Digital Asset will integrate its Digital Asset Modelling Language (DAML) on VMWare’ blockchain platform – and this development will purportedly “allow for broader reach and support as a combined offering.”
As the Senior Director of Blockchain at VMware Michael DiPetrillo noted:
“DAML has been proven to be one of the few smart contract languages capable of modeling truly complex workflows at scale.”
First founded and established in 1998, VMWare last year reported a revenue of nearly $9 billion dollars. The company is well known for its hypervisors which include hardware, software or firmware that runs virtual machines. Besides this, VMWare also offers desktop software, cloud management solutions and server software solutions as well as other products.
Besides this deal, Digital Asset showed that it is not stopping there. The company also announced another collaboration with the International Swaps and Derivatives Association that will see it develop a new tool that can support the use of smart contracts for derivatives trading. According to Digital Asset, the DAML programming language will allow for greater automation of derivatives trade management through the use of DAML.
The technology behind Digital Source, DAML, was also open sourced earlier this month. The language was created in 2016 and is apparently optimized for use in private executions. From April 4, the source code is freely available on the Apache 2.0 open source license.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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