Digital Asset (DA), an enterprise-focused distributed ledger tech startup, has scored a partnership with another high-profile company.
Revealed April 11, software virtualization mogul VMware is incorporating DA’s smart contract language into its own blockchain platform.
In addition, VMware will circulate the Digital Asset Modeling Language (DAML) with its VMware Blockchain platform straight to clients and via partners. VMware is a publicly traded firm with over 24,000 employees
Michael Dipetrillio, senior director of Blockchain at VMware, said through a press release:
“DAML has been proven to be one of the few smart contract languages capable of modeling truly complex workflows at scale.”
VMware Blockchain “is deployed in enterprise worldwide,” the companies said, without further details provided.
VMware initially announced in August 2018 that it had created Project Concord, an open-source blockchain intended to be both scalable and energy efficient. The company applied for a patent in 2017 for a system that would utilize blockchain as part of a wider initiative to enhance the speed of information transfers. Its primary business is offering cloud computing and platform virtualization to companies.
The partnership is the latest in a series of announcements by Digital Asset, which is widely known for its ex-CEO, JPMorgan veteran Blythe Masters, and its multi-year contract to restructure the Australian Securities Exchange’s aging CHESS system utilizing DLT.
Recently, the startup open-sourced DAML and started collaborating with the International Swaps and Derivatives Association (ISDA) to support the Wall Street trade group’s initiative to standardize information in complex financial contracts.
These developments trailed a number of high-level departures, beginning with Masters herself in December last year.