Digital Asset Scores Partnership With Cloud Computing Giant VMware

Software virtualization giant VMware is integrating Digital Asset's smart contract language into its blockchain platform.

AccessTimeIconApr 11, 2019 at 2:00 p.m. UTC
Updated Sep 13, 2021 at 9:04 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Enterprise-focused distributed ledger tech startup Digital Asset (DA) has landed another high-profile partner.

Announced Thursday, software virtualization giant VMware is integrating DA's smart contract language into its own blockchain platform.

Further, VMware, a publicly traded company majority-owned by Dell Computer with more than 24,000 employees, will distribute the Digital Asset Modeling Language (DAML) with its VMware Blockchain platform directly to customers and through partners.

“DAML has been proven to be one of the few smart contract languages capable of modeling truly complex workflows at scale,” said Michael DiPetrillo, senior director of Blockchain at VMware, in a press release.

According to the companies, VMware Blockchain "is deployed in enterprises worldwide," although further details weren't provided.

Palo Alto, California-based VMware first revealed last August that it had developed an open-source blockchain designed to be both scalable and energy-efficient, known as Project Concord. In 2017, the firm sought a patent for a system that would use blockchain as part of a wider effort to boost the speed of data transfers. Its main business is providing cloud computing and platform virtualization services to companies.

The team-up is the latest in a string of announcements by New York-based Digital Asset, which is best known for its former CEO, JPMorgan alum Blythe Masters, and its multi-year contract to rebuild the Australian Securities Exchange's aging CHESS system using DLT.

The startup recently open-sourced DAML and began working with the International Swaps and Derivatives Association (ISDA) to aid the Wall Street trade group's effort to standardize data in complex financial contracts.

These developments followed a series of high-level departures, starting with Masters herself in December. (Co-founder Yuval Rooz succeeded her as CEO.)

VMware image via Shutterstock.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.