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 …

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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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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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Crypto Exchange Bithumb Considers Issuing Its Own Digital Coin

Bitcoin was priced at $8,286.5 by 1:00 AM ET (05:0 0GMT) on the Bitfinex exchange, meaning that it went up 1.0% over the previous 24 hours;; Ethereum which is the world’s second largest cryptocurrency by market cap managed to gain 5.1% at $564.84 on the Bitfinex exchange;; Ripple’s XRP token …

Today, April 20th, latest crypto-related news has two main areas of interest.

Cryptocurrencies have been continuing their rebound and this morning’s figures are looking great for the main cryptocurrencies, as you’ll be able to see below. Other than this, another exciting news is that South Korean-based crypto exchange Bithumb is planning to issue its very own digital coins in Singapore.

Here are the latest figures

  • Bitcoin was priced at $8,286.5 by 1:00 AM ET (05:0 0GMT) on the Bitfinex exchange, meaning that it went up 1.0% over the previous 24 hours;
  • Ethereum which is the world’s second largest cryptocurrency by market cap managed to gain 5.1% at $564.84 on the Bitfinex exchange;
  • Ripple’s XRP token surged 10.7% higher to $0.81957 on the Poloniex;
  • Litecoin went to by 2.3% to $145.0.

Bithumb is taking into consideration its own digital token

Bithumb, on the other hand, reported that it is considering to issue its own digital token, named Bithumb Coin, in an initial coin offering (ICO), local media revealed on Thursday, April 19.

The ICO is set to be conducted in Singapore, and if you’re wondering why this is the chosen location, the reason is that this kind of fundraising route is banned in South Korea. South Korea banned all ICO-related activities in the country back in September 2017 due to a very enhanced risk of financial scams.

The expected launch date and the size of this venture have not yet been disclosed in the reports so we can’t offer more in-depth details for the moment.

The news regarding Bithumb’s plans to issue its own coin come right after reports that Chinese-based crypto exchange Huobi decided to release its own token as well. They released theirs back in January, and it’s called the Huobi Token.

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Cryptocurrency Market Surges to $365 Billion, Start of a Bull Rally?

Throughout this week, as CCN reported, the cryptocurrency market has been eyeing a move towards the $350 billion region. Earlier today, on April 20, strong performances of major cryptocurrencies like bitcoin and Ethereum have led the valuation of the cryptocurrency market to surge to $365 billion.
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Throughout this week, as CCN reported, the cryptocurrency market has been eyeing a move towards the $350 billion region. Earlier today, on April 20, strong performances of major cryptocurrencies like bitcoin and Ethereum have led the valuation of the cryptocurrency market to surge to $365 billion.

Altcoin Season is Back

Throughout 2018, amidst extreme volatility and recovery, investors inclined towards bitcoin as the safe haven asset. With the deepest liquidity and largest volume in the global market, bitcoin was able to sustain some stability while many cryptocurrencies recorded a free fall. Most assets declined by more than 80 percent from their all-time highs and struggled to record gains against bitcoin.

Over the past seven days, alternative cryptocurrencies (altcoins) and other major cryptocurrencies have consistently reported gains against the most dominant cryptocurrency in the market. The daily trading volume of the global cryptocurrency market crossed the $20 billion mark for the first time in April and the valuation of the market achieved a new monthly high.

In March and early April, investors were skeptical towards investing in cryptocurrencies other than bitcoin and Ethereum because they were uncertain about the short-term future of the cryptocurrency market. While altcoins tend to have intensified movements on the upside, it also has larger movements on the downside, and investors thought the risk was not worth taking.

Traders have started to take more risk than before by investing in cryptocurrencies like Ripple, Zilliqa, Nano, OmiseGo and others. As the volumes of altcoins across major exchanges surged, altcoins began to outperform bitcoin on a weekly basis, and it is possible that ERC20 tokens outperform major cryptocurrencies on a monthly basis by the end of April.

The next major target for the cryptocurrency market is the $400 billion mark and by surpassing that threshold, the cryptocurrency market would achieve a two-month high. At this juncture, it is safe to conclude that bitcoin has bottomed out at $6,000 and the market has begun a rapid recovery to its previous levels.

If the bitcoin price breaks the $9,500 level in the short-term, ideally within the next week, it is entirely possible that the cryptocurrency market surpasses $400 billion within April, in the next 10 days.

The Relative Strength Index (RSI) of bitcoin is in the 57 range and is signifying a neutral zone. Bitcoin is neither oversold or overbought based on current levels, as demonstrated by two momentum oscillators RSI and Williams’ Percent Range.

Both simple and exponential moving averages are indicating buy signals for bitcoin, as it continues to gain strong momentum. From this point, traders are expecting the bitcoin price to cross $8,500 and potentially make its way into the $9 billion region.

Ripple, Rchain, Verge

Non-ERC20 tokens like Ripple and Verge were the best performers on April 20, with solid 20 percent gains. Both Ripple and Verge have performed strong against bitcoin throughout April and they are continuing to build momentum against bitcoin and Ethereum.

Featured image from Shutterstock.

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