Share this article
Digital Asset Scores Partnership With Cloud Computing Giant VMware
Software virtualization giant VMware is integrating Digital Asset's smart contract language into its blockchain platform.
Updated Sep 13, 2021, 9:04 a.m. Published Apr 11, 2019, 2:00 p.m.
Make us preferred on Google
Enterprise-focused distributed ledger tech startup Digital Asset (DA) has landed another high-profile partner.
Announced Thursday, software virtualization giant VMware is integrating DA's smart contract language into its own blockchain platform.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Further, VMware, a publicly traded company majority-owned by Dell Computer with more than 24,000 employees, will distribute the Digital Asset Modeling Language (DAML) with its VMware Blockchain platform directly to customers and through partners.
“DAML has been proven to be one of the few smart contract languages capable of modeling truly complex workflows at scale,” said Michael DiPetrillo, senior director of Blockchain at VMware, in a press release.
According to the companies, VMware Blockchain "is deployed in enterprises worldwide," although further details weren't provided.
Palo Alto, California-based VMware first revealed last August that it had developed an open-source blockchain designed to be both scalable and energy-efficient, known as Project Concord. In 2017, the firm sought a patent for a system that would use blockchain as part of a wider effort to boost the speed of data transfers. Its main business is providing cloud computing and platform virtualization services to companies.
The team-up is the latest in a string of announcements by New York-based Digital Asset, which is best known for its former CEO, JPMorgan alum Blythe Masters, and its multi-year contract to rebuild the Australian Securities Exchange's aging CHESS system using DLT.
The startup recently open-sourced DAML and began working with the International Swaps and Derivatives Association (ISDA) to aid the Wall Street trade group's effort to standardize data in complex financial contracts.
These developments followed a series of high-level departures, starting with Masters herself in December. (Co-founder Yuval Rooz succeeded her as CEO.)
VMware image via Shutterstock.
More For You
Forget $80k: Michael Terpin warns bitcoin could revisit the $40,000s before a real recovery
Terpin argued that bitcoin’s post-halving bubble followed its typical arc and says history suggests the market may still face another wave of pain.
What to know:
- Michael Terpin says the bull market peak came in the fourth quarter after the halving, in line with prior cycles.
- While dismissing $80,000 and $60,000 bottom calls as premature, he sees the potential for bitcoin to revisit the $50,000s or even $40,000s in a fragile market.
Top Stories
