Digital Asset, the distributed ledger technology start-up, has announced its official partnership with US-based software virtualization giant VMware.
Per the release of Digital Asset, the partnership will allow the incorporation of Digital Asset Modelling Language, smart contract programming language, onto VMware’s blockchain platform. The integration will serve to broaden reach capability and offer a combined package for customers. On that note, DAML will be distributed with VMware’s platform through their partners and to the customers directly.
“DAML has been proven to be one of the few smart contract languages capable of modeling truly complex workflows at scale,” said VMware’s senior director on blockchain, Michael DiPetrillo.
Meanwhile, yesterday, Digital Asset has joined the International Swaps and Derivatives Association in a collaboration to innovate a supporting tool to employ smart contracts in the derivatives market. The start-up was confident with its DAML programming language in its ability to automatize trade management in the market.
DAML was introduced in 2016 as a similar version of smart contract language yet specialized to be used in private execution environment rather than in an open one. Earlier this month, Digital Asset has open sourced its DAML and made it freely available under the Apache 2.0 open source license. VMware was founded in 1998 and is now well-known for offering computer software for virtual machines. The company reportedly reached a yearly revenue of $9 billion last year.