Digital Asset Blog

Distributed ledgers need more than traditional application design patterns

Posted by Digital Asset on Apr 18, 2018 11:00:00 AM

The role of language in DLT-based financial markets

Modern society depends on the secure transfer of value in nearly every aspect of life — from transfers of stock, bonds, or cash on the books of financial markets to the consumption of digital content for a fee. Despite the pervasiveness of financial transactions and decades of operational experience executing them, two major problems remain unsolved:

  1. Executing transactions is still complex, opaque, expensive, and full of operational risk.
  2. Despite blazingly fast innovation in other areas of software development, innovation in the world of cross-enterprise workflows is painfully slow.

Why?

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Topics: SDK, Smart Contracts, DAML

Introducing the Digital Asset Modeling Language: A Powerful Alternative to Smart Contracts for Financial Institutions

Posted by Digital Asset on Apr 20, 2016 9:00:00 AM

Today we are delighted to announce the acquisition of Elevence, a technology firm that has developed an expressive language for financial institutions to model and execute agreements with certainty and finality. This technology complements Digital Asset's existing software by providing a new, verifiable way for parties to a transaction to prove updates to a distributed ledger while preserving data confidentiality.

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Topics: DAML, Smart Contracts

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