Blockchain Startup Digital Asset Launches Developer Program For DAML

Blockchain startup Digital Asset has launched a developer program built around its enterprise smart contract language, DAML (Digital Asset Modeling Language). DAML is a smart contract language specifically designed for use in distributed ledger applications that align financial business processes …

Maricel Custodio

Blockchain startup Digital Asset has launched a developer program built around its enterprise smart contract language, DAML (Digital Asset Modeling Language).

DAML is a smart contract language specifically designed for use in distributed ledger applications that align financial business processes between organizations. Relative to other languages, the company said DAML’s design reduces the risk of developer automation errors and guarantees the integrity and confidentiality of a shared, trusted record of value transfer.

The new program will provide developers with tools and training so that they can use DAML to model sophisticated, multi-party applications that run on the Digital Asset platform. It will also provide access and training for the DAML Software Development Kit (SDK), a suite of tools to accelerate application development.

A number of Digital Asset’s partners and clients, including Accenture, GFT, IntellectEU, ASX, ABN AMRO, and The Depository Trust & Clearing Corporation (DTCC) have already joined the private beta of the developer program. More than 100 developers at partner and client organizations that participated in the beta phase have already been trained.

“Our clients and partners can now independently build applications for the Digital Asset Platform,” said Blythe Masters, CEO of Digital Asset. “DAML is the only smart contract language tested at the scale needed for a national market infrastructure replacement project. By opening access to a wider range of participants we are extending the application ecosystem around the Digital Asset Platform and empowering our customers to innovate.”

“Working with DAML has allowed our developers to build applications quickly and easily without having to worry about the underlying complexity of the distributed system, manually manage data segmentation, or rely on cryptography for privacy,” said Hanna Zubko, CEO of IntellectEU. “By partnering with Digital Asset, we at IntellectEU can serve our clients faster utilizing secure smart contracts.”

Founded in 2014, Digital Asset is a provider of enterprise distributed ledger solutions. It has more than 140 employees working and serving global clients from New York, London, Zurich, Budapest, Sydney and Hong Kong. In 2016, the firm became a founding premier member of the Linux Foundation’s open source initiative, Hyperledger, to drive the adoption and standardization of distributed ledger technology. In 2017, the company partnered with the Australian Securities Exchange to help the ASX replace its post-trade infrastructure for cash equities with blockchain technology.

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Moving blockchain away from cryptocurrencies: An interview with Billon CEO Andrzej Horoszczak

For many people, blockchain is indelibly linked to cryptocurrencies it is set to disrupt the established international financial order. But, is large-scale disruption actually beneficial to the individuals and companies that rely on the international payment system everyday? Billon wants harness the …

For many people, blockchain is indelibly linked to cryptocurrencies it is set to disrupt the established international financial order. But, is large-scale disruption actually beneficial to the individuals and companies that rely on the international payment system everyday?

Billon wants harness the transformative power of blockchain to provide secure and regulated environments for electronic currency transfers, all whilst remaining fully compliant with KYC and AML procedures.

In short, the goal on Billon is to process and transact real currencies within the regulated financial system using blockchain technology.

I sat down with Billon CEO and founder Andrzej Horoszczak at BlockchainExpo 2018 in London (please note that the sound quality improves DRASTICALLY at 00:38, you can even see me remember to turn my microphone on).

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Crypto Market Hits 5-Week Highs with Ripple Growing by Nearly 20% and Bitcoin Cash Heading to …

Although Bitcoin is showing a nominal movement of below 1.5% it is the other altcoins like Ethereum, Ripple and Bitcoin Cash which have proved to be the market mover. According to the data by CoinMarketCap, Bitcoin is trading at $8342 levels while Ethereum has registered an 8% surge and trading …

The positive momentum is back in the crypto markets as the market valuations have now hit a new five-week high on the charts. The crypto market valuations which were seen just below the $350 billion for over a week have crossed this sentimental barrier and is now trading at $365 billion valuations.

Although Bitcoin is showing a nominal movement of below 1.5% it is the other altcoins like Ethereum, Ripple and Bitcoin Cash which have proved to be the market mover. According to the data by CoinMarketCap, Bitcoin is trading at $8342 levels while Ethereum has registered an 8% surge and trading at $575. In the last 24-hours, Ripple has recovered by 20% and is currently trading at $0.84 whereas Bitcoin Cash has posted over 10% gains and is currently trading just short of $1000, at $981.

In the past seven days, although Bitcoin has been relatively stable, the price of the altcoins has moved forward consistently. Also, it was for the first time in April that the trading volumes have crossed $20 billion.

Bitcoin Cash Gains Ahead of the Hard Fork

The first Bitcoin derivative – Bitcoin Cash (BCH) has today posted a solid recovery of over 10% climbing close to the $1000 mark in the anticipation of the hard fork likely to take place next month. With today’s rise, Bitcoin Cash has shown a 60% recovery from is low of $603 on April 6, earlier this month.

Sebastião Coelho, CMO of Flashmoni, a blockchain company creating financial solutions for the unbanked and underbanked, said that one of the biggest challenges that cryptocurrencies are facing for their rising adoption is the scalability issue. Coelho said: “Before we see mass adoption of cryptocurrencies, we need to see a significant reduction in the time it takes to process transactions.”

Bitcoin Cash was created in August 2017 as a result of the hard fork in the Bitcoin blockchain network. Bitcoin Cash offers larger block size of 8MB against the 1MB block size in the Bitcoin network. The upcoming hard fork that is scheduled for May 15 is expected to have a block size of 32MB while expanding its capacity for processing more number of Bitcoin transactions.

Additionally, the network update is expected to bring several operations codes says James Song, founder and CEO of blockchain startup ExsulCoin. He further added: “This means simplified smart contracts will be possible on the bitcoin cash blockchain. This particular bit of news is what is driving market excitement around bitcoin cash.”

Morgan Stanley Analysts Say Miner Losing Money with Bitcoin Below $8600

Although Bitcoin has gained more than 25% since the beginning of April, a new report by Morgan Stanley analysts shows that it fails to recover above $8600 it will turn out to be unprofitable for the miners to continue with the mining activities.

A report by equity analyst Charlie Chan and his team notes: “We estimate the break-even point for big mining pools should be US$8,600, even if we assume a very low electricity cost (US$0.03 kW/h). Therefore, we think the Bitcoin mining hardware demand and price will decline further and affect TSMC’s wafer demand.”

The Taiwan Semiconductor Manufacturing (TMSC) has lowered its 2018 revenue guidance to 10% growth instead of the 10-15% as projected earlier as a result of the growing uncertainty in the cryptocurrency mining demand.

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A New Ride Hailing App Rolls Out In S’pore – Offers Fair Pricing For Users, And Zero Commission …

The recent consolidation of the two major ride hailing players and the rapid advancement of the distributed ledger technology makes it possible for us to offer our platform to create a transparent and accountable mobility ecosystem that rewards all participants,” said Kay Woo, founder of MVL Foundation.

With the recent consolidation of Grab and Uber, many fear that the lack of competition will once again drive up transportation prices in Singapore.

Enter MVL Foundation Pte Ltd (Mass Vehicle Ledger, MVL), which recently launched Singapore’s first decentralised peer-to-peer on-demand ride hailing service through the MVL mobile app.

This new app is a complete game-changer with its new business model – it charges a small transaction fee for the maintenance of the platform, and zero commission on all rides.

Ultimately, it wants both the driver’s income and commuter’s fare to be protected and competitive without compromising on the quality of the ride service.

This is made possible by the mobility data-ecosystem underpinned by the blockchain technology that MVL is currently developing called MVLchain.

This service is expected to be fully rolled out over the next three months.

What Is MVL?

The MVL Ecosystem records core data related to driving, accidents, repairs and other car-related transactions on a blockchain, connecting many businesses, services, and people in the vehicle-related industries.

Participants who provide data related to automobile will receive MVL Point (MVP), a reward system used to encourage contribution to the ecosystem.

“MVL connects services that touch your car and collects your ride’s lifetime data. We give points to those who help out along the way, like your sales guy, you for driving and giving reviews, repairmen, used car-dealers and scrappers,” said the company in an introductory video.

By doing so, it incentivises safe driving and good services while placing vehicle-related data on the blockchain.

MVL aims to connect three main participants together, including individual drivers, ride sharing service providers, and mechanics. Here’s how each participant will interact with the platform:

MVL’s incentive model
  • Individual drivers can earn MVP points in exchange for their safe driving activity
  • Ride sharing providers can earn MVP points in exchange for safe driving and good service
  • Mechanics can earn MVP points in exchange for providing accurate repairs as recorded on the blockchain

“MVL practices a distributed economy, or deconomy, where safe drivers, friendly chauffeurs, honest mechanics and other diligent data providers are fairly rewarded.”

“In the future, MVL plans to broaden its horizons to connect services such as bike or motorcycle sharing services and collect different types of data.”

How Does MVL Blockchain Mobility Coin Work?

Image Credit: MVL

There are two tokens in the MVL platform, including MVP and MVL tokens.

MVL tokens function as payments between service providers and customers. You pay MVL tokens to a mechanic in exchange for repairing your car, for example, and you pay ride sharing providers MVL tokens in exchange for driving you somewhere.

MVP points, meanwhile, are like a reputation-based incentive system distributed through all participants in the ecosystem. MVPs are not transferable and not available for trading.

You can only use MVP to purchase MVL coins, which are transferable and are available for trading in the MVL ecosystem.

The ecosystem can be used by more than just drivers, passengers, and mechanics. Anyone who provides services to cars and drivers can participate in the MVL ecosystem.

“MVL will collect data on all aspects of mobility services, such as providing reviews and driving, as well as vehicle data collection,” said Kay Woo, CEO of MVL.

“In the future, MVL plans to broaden its horizons to connect services such as bike or motorcycle sharing services and collect different type of data.”

The Brains Behind MVL Foundation

The team behind MVL Foundation is no stranger to the mobility ecosystem.

They are known for easi6, which provides reservation services and is connected with more than 25,000 vehicles all over Asia.

The team has been developing the product over the last four years, and it was recently deployed to support the PyeongChang 2018 Olympic Winter Games as one of the transport partners.

“We are delighted to serve Singapore’s drivers and commuters. The recent consolidation of the two major ride hailing players and the rapid advancement of the distributed ledger technology makes it possible for us to offer our platform to create a transparent and accountable mobility ecosystem that rewards all participants,” said Kay Woo, founder of MVL Foundation.

“We believe we can create value and impact at the heart of Singapore’s mobility ecosystem, the people, by making commuter fares fair and for drivers to receive equitable rewards for their services.”

MVL application open to public

Following this announcement, the company will be actively engaging regulators, fleet owners, drivers, and commuters on April 26 at JustCo, Marina One.

They are also looking at establishing a core local team in Singapore, including hires in senior position over the next couple of weeks.

Featured Image Credit: MVL

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Digital Asset Opens Smart Contract Language to Developers

Distributedledger technology (DLT) provider Digital Asset has decided to open its smart contract language, DAML, to the wider developer community after running a private beta program among its clients, such as Accenture, the Australian Securities Exchange (ASX), ABN Amro, and the Depository Trust …

Distributed-ledger technology (DLT) provider Digital Asset has decided to open its smart contract language, DAML, to the wider developer community after running a private beta program among its clients, such as Accenture, the Australian Securities Exchange (ASX), ABN Amro, and the Depository Trust & Clearing Corporation.

The contract modeling language is built specifically for distributed ledgers and codifies complex, multi-party agreements. The program aims to provide developers with tools and

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