Deploy an end-to-end digital asset trading platform in 20 minutes

Digital Asset and Exberry have teamed up with Baymarkets to add clearing to their end-to-end digital asset exchange platform. For the first time, and with the integration of Baymarkets Clara Clearing System, market participants can register, trade and clear traditional, alternative and digital assets on one integrated platform.

Exberry (the exchange technology pioneer), Digital Asset (the creators of the open source Daml shared ledger development framework) and Baymarkets (the developer of the Clara clearing system) today announced the availability of cutting edge exchange infrastructure with central counterparty clearing functionality. This partnership will enable new digital asset marketplaces to launch on a fully-compliant, end-to-end exchange platform encompassing registry, custody, trading, matching and clearing services.

“Clara is a tried and true, innovative clearing system from Baymarkets that brings tremendous value to this joint platform,” said Eric Saraniecki, co-founder of Digital Asset. “Adding real time clearing mechanisms for digitized assets will infuse greater confidence in these new asset classes, facilitating trusted trading across global markets. We are excited to have Baymarkets onboard and we look forward to our continued work with Exberry and other partners as we expand the platform offering.

Commenting on the announcement, Magnus Almqvist, Head of Exchange Development at Exberry, said: “Innovative and fast growing tokenized markets often come with a perception of uncertainty and risk. Anyone looking to take advantage of them and the latest technologies are also looking for the safety, security and maturity expected by experienced market participants. The combined expertise of Exberry, Digital Asset and Baymarkets bridges that gap and provides a solid foundation to explore these new opportunities.”

The three main components of the exchange infrastructure include a matching engine to run the exchange provided by Exberry. Digital Asset’s project:DABL (Daml-as-a-service platform) fuels the CSD and registry functions via Daml code and integrations on the DABL platform. The CSD and registry functions include the tokenization of assets, the onboarding and management of users, and the automatic settlement of trades and cash management as instructed by the Clara clearing system. And, Baymarkets, with a well-established clearing product, brings the necessary functionality to support a true end-to-end exchange experience for new digital financial assets.

Peter Fredriksson, Baymarkets Chairman of the Board, commented: “Having a CCP solution as part of the ecosystem adds efficiency of trade and settlement processing, credit risk mitigation and trust for the digital asset marketplace. We are really excited about working with Digital Asset and Exberry, two world-class companies with a bright future, and together we look forward to make a difference for the international financial markets.”

In addition to clearing, the group is exploring other critical components, such as cash payments, regulatory reporting, tax reporting, and more services, that could be added to the platform. It is currently available for demo and purchase.

Click here to read the full press release.

Digital Asset Shapes Future of Interoperable Applications

With a growing customer base and partner ecosystem, 2020 was a banner year for Digital Asset; our customer base tripled and our partner ecosystem doubled in size. 

Daml is an open source smart contract language used by developers to write and deploy full-stack, distributed applications for DLT, blockchain, or databases in days. It is purpose-built to support multiparty business workflows in any industry with widespread adoption in finance — CBInsights, ranked Daml as one of the 10 most popular Distributed Ledger Technology (DLT ) networks to build capital markets infrastructure services — and growing interest in healthcare, supply chain and other markets. With Daml, developer teams can get to market faster, focus on their core value, and unleash web-paced innovation for all industries.

“Daml has solidified its role as the de facto standard for modern systems of record,” said Yuval Rooz, Co-founder and CEO of Digital Asset. “The potential for smart contracts is even larger than first thought, and that interest has driven huge demand for Daml across many new industries and use cases. Enterprises are turning to Daml as a low-risk, high return solution because it gives them the ability to capitalize on smart contract technology with their existing internal systems, with the option to branch across distributed ledger technologies in the future.”

New Customers and Partners Reflect Rapidly Expanding Daml Adoption Globally

Innovative customers adopted Daml in 2020 to drive their digital transformations and future-proof their businesses. Companies such as BNP Paribas and ISDA choose Daml to build applications for new DLT-based trading platforms, automate and digitize processing workflows and to enable developers to build sophisticated and secure solutions in a fraction of the time it would take with legacy languages. The company also saw growing adoption of Daml across some of the world’s largest financial markets and landmark blockchain projects in Asia, including its continued work with the Australian Securities Exchange (ASX) and new customers Hong Kong Exchanges and Clearing Limited (HKEX) and the Singapore Stock Exchange (SGX). Digital Asset expects to be working with 5 of the top 10 exchanges by the end of 2021. In addition, Daml was named the exclusive smart contract language for China’s Blockchain Services Network (BSN).

The number of companies in the Digital Asset partner network doubled in 2020, expanding to include working with companies such as Microsoft, Accenture, Baymarkets, Block8, Brillio, DigitalX, Exberry, GFT, Infosys, Innover Digital, IntellectEU, Knoldus, Magic FinServ, Red Date Technology (to integrate Daml smart contract technology with China’s Blockchain Services Network), Tech Mahindra, VMware and Wipro.

Added Funding and Leadership to Support Growth 

In February 2020, venture arms for tech giant Samsung and CRM company Salesforce invested in a second Series C funding round for Digital Asset. In July, VMware also invested in Digital Asset’s Series C financing round, bringing the total amount raised by Digital Asset to $150 million. Digital Asset expanded its corporate operations in 2020, hiring a new Head of Developer Relations, Head of Business Development in EMEA and a new Head of Business Development in the Americas, as well as expanding teams in the UK and Hong Kong.

Growing Daml Support for Widely Used DLT Platforms and Enterprise Databases

Throughout 2020, Digital Asset announced new or enhanced drivers, bringing the power of Daml application development to the most widely used distributed ledger platforms and enterprise-grade databases. The company also expanded its certification program, responding to requests from enterprises to become Daml-certified.

  • Daml for Corda: Digital Asset announced the availability of Daml for Corda, pairing the power and simplicity of Daml smart contracts with a privacy-enabled enterprise distributed ledger platform.
  • Daml for VMware Blockchain: VMware expanded its partnership with Digital Asset, announcing deeper Daml integration with the release of VMware Blockchain 1.0, giving customers developing Daml applications an enterprise grade  blockchain platform trusted by the world’s largest organizations.
  • Daml for PostgreSQL: Daml for PostgreSQL eliminates the cost and maintenance of outdated processes with multi-party applications on any PostgreSQL compliant database, including Amazon Aurora and RDS, Google Cloud SQL, Microsoft AzureDB, and more. 
  • Digital Market Infrastructure: In collaboration with Exberry, Digital Asset rolled out a new digital asset exchange and settlement platform. Built using Daml, Project: DABL and Exberry’s matching engine to start, this cloud-based solution enables market participants to rapidly launch a fully-compliant, end-to-end platform encompassing registry, custody, trading, and matching services.
  • CBDC Interoperability: Of particular note, Digital Asset started working with several central banks to enable CBDC interoperability, a critical component necessary for CBDCs to be compatible across different DLT and database platforms.

Expanded Daml Certification and Community Resources

Spurred by demand from enterprises to be Daml-certified, Digital Asset announced expanded Daml Certification, empowering developers to build full-stack, distributed applications in just days for any industry. The tiered program arms Daml developers with a comprehensive set of credentials that empower them to build fundamentally new, interoperable and collaborative applications.

To learn more about Digital Asset and follow the rise of Daml:

Read the full press release here.

Using Sextant for Daml to advance blockchain adoption

Accelerate Blockchain Adoption Across the Supply Chain

Supply chains are extremely complex, involving multiple parties across local and global boundaries, operating across disparate platforms for payments, resource management, shipping, and much more. Duncan Johnston-Watt, Founder and CEO at Blockchain Technology Partners, explains how Sextant for Daml can accelerate blockchain adoption across the supply chain.

To date, most supply chains run on centralized databases that create fragmented systems of record and result in error-prone processes with minimal traceability for the goods created and shipped. However, the multiparty nature of supply chain provides ample opportunity to leverage new IT paradigms that transform the current operating model. Public and private blockchains such as Sawtooth and Besu leveraging smart contract technology like Daml present numerous opportunities to improve multiparty transactions and workflows for greater transparency and efficiency.

To accelerate blockchain adoption across the supply chain, Digital Asset and Blockchain Technology Partners (BTP) have joined forces through Sextant for Daml. When businesses leverage Sextant for Daml to improve collaboration and tear down data silos, they not only de-risk error-prone processes, they free up resources to focus on revenue generating activities that improve supply chain efficiency.

Here’s what you can expect with Sextant for Daml:

  • Access to Sextant, the platform that deploys and manages the underlying infrastructure for Daml-driven applications across Hyperledger Sawtooth and Besu, as well as Amazon QLDB and Amazon Aurora
  • Broadest range of deployment on-premises or in the cloud through Kubernetes 
  • Enterprise-grade distributions of Hyperledger Sawtooth and Besu maintained by BTP
  • Kubernetes clusters utilizing parameterized helm charts and an option to integrate into an enterprise’s CI/CD pipeline using its API 
  • Infrastructure management cost reduction
Innovation in supply chain infrastructure
Innovation in supply chain infrastructure

Daml smart contracts were built to provide everything necessary to run enterprise-grade multi-party applications. When paired with the powerful Sextant platform, businesses can easily deploy and manage the underlying infrastructure running those Daml-driven applications.

Learn more about how Sextant for Daml can improve supply chain operations in the free e-book and start unlocking the power of your infrastructure with an intuitive platform and smart contract ecosystem.

Download E-book for Free

Improve Pharmaceutical Efficiency and Transparency with Daml Driven Solutions for Supply Chains and Patient Data

Chander Damodaran from Brillio discusses how Daml smart contracts can accelerate the collaboration and automation of multiparty business processes in clinical trials and pharma supply chains

As 2021 begins to take flight, the entire world has turned their attention to Moderna, Pfizer-BioNTech, and many other pharmaceutical organizations to slow the spread of COVID-19 and its variants. The speed with which the vaccine was researched, developed, and trialed shows the paramount effort and collaboration required among external entities to create and mass distribute a vaccine. 

While this is a unique time for pharmaceutical companies, it also sheds light on the continued need for digital transformation within healthcare to improve patient care. From audits to supply chain logistics, the entire pharmaceutical industry runs on disparate platforms that create data islands, increasing errors across research data and complicating the track and trace procedures of drugs. Now, more than ever, pharma teams need a way to access patient data for clinical trials, efficiently track trial consent, distribute trial data with external parties, enact drug recalls quickly, and ensure quality along the supply chain all while maintaining compliance with an ever growing list of regulations. This can only be done by enabling communication and data sharing between the multiple parties involved. 

Digitally transact in a secure and permissioned environment 

Smart contracts offer a path for more automated and secure multiparty business transactions, and provide a means for pharmaceutical entities to view and share data with parties based on permissions defined in the code. Brillio’s innovation team uses Daml smart contracts across multi-party optimization projects for several reasons:

  • Daml smart contracts are unique in their ability to abstract away the underlying infrastructure across databases and distributed ledgers, enabling pharmaceutical companies to leverage the systems they currently have and build multiparty applications that easily port to blockchain (if the company moves in that direction).
  • Daml interoperates across blockchains and databases, enabling integrations with multiple infrastructure providers and communication between segregated domains. This creates more connected and seamless clinical research and supply chain operations.
  • Daml was built from the ground up to support distributed logic, so the code automatically handles distributed concerns while developers only have to code business logic. This means rights, obligations, and authorization are inherent in the code and ensures the right information is shared with the right party at the right time.

A trial patient portal for improved clinical research processes and data sharing

In the recent “Innovative Healthcare Systems for Clinical Trials and Drug Delivery” e-book, Brillio and Digital Asset proposed multiple Daml-driven solutions, including an end-to-end trial patient portal for clinical research teams. This solution uses the Daml smart contract development framework to build a distributed application with the following features:

  1. A secure patient portal for collecting and storing patient records (necessary for future audits and data sharing with healthcare providers). Through Daml’s privacy-first framework, clinical trial participants can log their drug reactions, digitally engage with the research team, and receive notifications in a trusted environment. Daml enables the research team to share information with healthcare providers on a need-to-know basis, hiding information they are not permissioned to receive via Daml’s framework.
  2. A patient consent model where patients accept the terms of the trial in real-time through the application interface. The application stores all patient trial data without the risk of losing paperwork for audits. This ensures the research data is accurate and provides a more transparent log of actions throughout the clinical trial.
  3. A report configuration interface where research teams can provide documentation and data that adheres to industry regulations. 
Example of the patient portal solution

A supply chain track and trace solution to speed up recalls

Another solution proposed in the “Innovative Healthcare Systems for Clinical Trials and Drug Delivery” is a track and trace application that identifies counterfeit ingredients and enacts speedy drug recalls. This solution would allow manufacturers to notify all stakeholders along the supply chain of contaminated drug batches. It would also cancel all future shipments while notifying patients of the adverse effects prior to consumption. Daml enables the following:

  1. Track the drug through the entire supply chain from supplier to point of sale, creating a completely transparent end-to-end view of the drug’s lifecycle.
  2. Facilitate collaboration between all supply chain participants by allowing manufacturers, logistics providers, distributors, hospitals, and pharmacies to transact in real-time with one another, send notifications, and view data based on the rights and obligations outlined in the code for each party.
  3. Provide direct access to supply chain data for regulators and other industry participants needing to review drug recall notifications. 

As we enter an era where technology and healthcare merge, the possibilities are endless. Pharmaceutical companies can leverage cloud technology and smart contracts to support distributed business models that increase the speed of clinical trials, data sharing, and drug delivery. The ability to share data across a shared network without losing the integrity and privacy of that information is only achieved through Daml smart contracts. Brillio’s team of Daml certified engineers can develop custom solutions that not only eliminate manual, expensive processes, but also accelerate innovative care to patients on a global scale. 

Learn more about how Brillio and Digital Asset are transforming the pharmaceutical industry in the “Innovative Healthcare Systems for Clinical Trials and Drug Delivery” e-book. Various solutions and workflows are outlined to demonstrate the possibilities for business transformation in pharma. 

DAML connect launch

Introducing Daml Connect

Our mission at Digital Asset is to give systems of record the ability to safely cross organizational, legal, or other boundaries and to create seamless economic networks.

The open source Daml smart contract language and its drivers run on leading blockchains, distributed ledger technologies (DLTs) and databases to form a solid foundation for accomplishing that mission. With Daml, the core of systems of record are written in a portable, purpose-built language that future-proofs investment and reduces development cost. Daml language and drivers are to shared systems of record what Java is to applications, and they are to blockchains, what ODBC/JDBC is to databases.

But Daml has always been more than a smart contract language, just as real-world systems of record are much more than SQL statements that manipulate databases. In order to form holistic solutions, the shared core of these systems must be embedded in the broader enterprise. In many projects, this integration component dwarfs the development of the core. And to end up with composable solutions that deliver on the blockchain vision for economic networks and provide optimal long-term returns on project investment, this integration needs to be done well. Daml supports this not only through developer tools that go beyond smart contracts, but through mission-critical libraries and runtime components that take care of common development tasks and encourage composable solution architecture.

With Daml Connect, Digital Asset is now introducing an umbrella for all the tooling required to build full stack Daml solutions, deploy them to any of Daml’s many deployment targets, and support them through the full software development lifecycle. We continue to stand behind our strong commitment to open source software and our community with the Daml Connect Community Edition and the Daml forums, which will continue to offer the tools and community support needed to build free and open source solutions using Daml without friction. The commercial Enterprise Edition builds on the Community Edition by including advanced developer tools, integration features, and deployment tooling geared towards reducing the development and operational costs of complex solutions in enterprise contexts. It also offers 24/7/365 ticket-based support from Digital Asset.

Daml Connect high level architecture
Daml Connect high level architecture

Daml Connect complements Digital Asset’s existing product offerings with a complete solution for those wanting to join an existing network. It contains everything you need to connect to running networks, plus a comprehensive set of tools for building, testing, deploying, integrating, and maintaining your Daml applications.

Digital Asset's products
Digital Asset’s products

Enterprise Integration

Daml Connect’s primary purpose is to speed up time-to-market of fully integrated solutions. This requires a comprehensive set of tools for automation, integration, and presentation. But for Digital Asset, enterprise integration means integrating with whatever technology is already present. Daml slots into any given enterprise environment rather than expecting environments to adapt to Daml. 

To provide both a comprehensive toolset as well as high adaptability, Daml Connect provides a holistically designed modular “recommended” stack. Daml Connect as a whole supports the majority of common integration tasks, from automation to presentation. But it delivers this functionality in a highly flexible fashion. Components of Daml Connect encapsulate pieces of functionality and communicate only through documented, public APIs. Developers can choose to use as much or as little of the toolchain as makes sense for their context and can complement the chosen subset with custom integrations that connect to the same stable APIs.

The recommended stack is built around technologies with the broadest adoption and high stability. This includes APIs that use gRPC for high performance streaming and higher-level APIs like HTTP/JSON, and Websockets. It includes JavaScript/TypeScript and Java — the best supported integration languages, React.js as the UI framework of choice, and OAuth2 for the default authentication framework. This design adds to developer productivity, maximizes compatibility, and reduces the amount Daml solutions or their environments have to be adopted to deliver fully integrated solutions.

Typical architecture of an application built with Daml Connect
Typical architecture of an application built with Daml Connect

Developer Productivity

Systems of record running on distributed ledgers and spanning across entities and boundaries are a new kind of application. Developing them effectively not only requires purpose-built languages and integration toolkits but also tooling that allows developers to put these pieces together with minimum friction.

Developer experience has been one of Digital Asset’s focus areas from the very creation of Daml. Now, Daml Connect’s comprehensive suite of developer tools enables developers to build Daml applications rapidly and iteratively, following best practices like test-driven development (TDD) or behavior-driven development (BDD).

At the core of this is the Daml smart contract language with its primitives carefully designed to capture core business logic safely and easily. Smart contract development is facilitated by Daml Studio, a fully featured IDE. It provides real-time compiler feedback and helpful suggestions to improve code quality. Test- and behavior-driven development are enabled through script-based testing that visualizes the effect of code changes on application behaviors in real time. The same scripts can be reused for testing in continuous integration or to manipulate production ledgers, leading to high code reuse. Code reuse is further enabled through code generation for JavaScript/TypeScript and Java, and by allowing ledger automation to be written directly in Daml.

Application and integration testing are supported through a full suite of Daml Connect runtime components and a lightweight test ledger. These tools allow full test environments to be spun up with single commands, using Daml’s command line Assistant. The assistant further aids developers with common development tasks throughout the software development lifecycle, like project management, administering Daml ledgers, or managing developer tools.

To aid manual testing, debugging, and the rapid development of PoCs or Pilots, Daml Connect SDK contains tools for visually exploring, presenting, and interacting with Daml ledgers.

Typical architecture of an application built with Daml Connect
Typical architecture of an application built with Daml Connect

Get Daml Connect

Daml Connect Community Edition is available for download without charge on daml website. Also, for more information about the Enterprise Edition, please contact Digital Asset Sales

Download Daml Connect

Digital Asset is working with IntellectEU to improve corporate actions processing

Untying the Knots: How DLT and Daml Can Transform Corporate Actions

In collaboration with IntellectEU, we explored numerous ways distributed ledger technology (DLT) and Daml can transform securities services, including clearing and settlement, KYC processes, corporate actions and more. Through a series of blogs we are sharing our analysis, highlighting what DLT and Daml can do for you today.

Corporate actions processing has plagued capital markets for decades with high levels of inefficiency and risk. While great strides have been made to improve straight through processing in other areas of the investment ecosystem, corporate actions have been left behind as too difficult to automate with its complex chain of communications, multiple touchpoints, and lack of structured data at the source. It’s also a place where IT spending offers little tangible return on investment. All of this has left issuers and investors grappling with how to best communicate and capture that golden source of truth.

What is a corporate action and why should I care?

A corporate action is any activity from a publicly-traded company that brings material change to an organization and impacts its stakeholders. Corporate actions include stock splits, dividends, mergers and acquisitions, rights issues and spin-offs. All of these are major decisions that typically need to be approved by the company’s board of directors and authorized by its shareholders. A corporate action notification error can be catastrophic to a company and its shareholders. Processing failures can arise anywhere in the corporate action chain, and all market participants run the risk of failures. A simple mistyped data input at any point in the process could result in significant financial losses to both the company and the shareholder.

Example of a Holding Chain
Example of a Holding Chain

Traditional processing of corporate actions is costly and complex

Corporate actions demand accurate event details to be received in a timely manner with accurate (fully reconciled) holding records to ascertain a controlled and risk-free processing in current holding chains (the chain of “custody” service providers).

Even the simplest corporate action can be a challenge from a processing perspective. What increases cost and complexities further is that processing has to be performed and executed at each step of the holding chain. This results in a global cascaded process from the issuer (and its agent) to the investors (or bottom-up when processing investors’ elections).

Processing also takes time, generally spanning three main steps performed at predefined dates or periods:

  1. Information dissemination / collection (including eligibility assessment)
  2. Eligible balance determination and entitlement calculation
  3. Corporate action processing (including investors’ instructions processing, execution of cash and securities movements) and respective confirmation

All of the complexities described above often result in delayed notification, incomplete or inaccurate data quality, and conservative election deadlines. In addition, traditional processing of corporate actions heightens operational risks, which worsen with the length of the holding chain.

How to move corporate actions processing to a distributed ledger powered by Daml smart contracts

It’s worth noting that Daml fits particularly well within the implementation of corporate action workflows.

Why? Because, Daml is specifically designed to develop smart contracts supporting the performance of the rights and obligations defining the corporate action. As such, the language facilitates a clear definition of the involved stakeholders and role enforcement.

A Daml corporate actions application implements a single place of processing built on a “corporate action” distributed ledger. It involves two main workflows:

  1. Set-up the corporate action as a shared record (“the golden record”): The corporate action creates rights and obligations – for the issuer, investors and/or offeror – described in binding legal documents. In essence, this establishes a “data-driven” process in place of the current “document-driven” process (as most of the corporate actions combine known and standard features that are easy to parameterize). The key data/parameters defining the corporate action can then be used to generate the related legal documentation.
  2. Perform the entitlement calculation, simultaneously throughout the holding chain. This calculation will be performed according to the same principles used in “simultaneous settlement”, a Daml workflow that atomically settles inbound and outbound cash and securities movements (you can read more about simultaneous settlement in a separate blog on the topic here).

By implementing the first workflow on a distributed ledger, all the stakeholders involved in the set-up of a corporate action (e.g. issuer, agencies, lawyers, central securities depository, investment banks) will be able to contribute to the shared record as per responsibilities. This shared record will be instantly available to the market participants, while the liability of each stakeholder will be clear as all contributions will be traced in the DLT immutable audit. Beyond process simplification and risk mitigation, market participants will have the advantage to instantly access the information whether it is preliminary, incomplete, or complete and confirmed. The ability to have earlier access to corporate action information might be crucial for investors.

Similarly, the entitlement calculation workflow provides a number of cost and risk-mitigation benefits. It effectively relieves the intermediaries from calculating the entitlement themselves and implements a one-place processing for the corporate action. In case of elective corporate action, the beneficial owner instruction will be made in direct interaction with the corporate action processing workflow. On the payment/effective date, the asset movements will be performed using the “simultaneous settlement” mechanism. Investors will be immediately aware of the corporate action processing completion as the DLT makes the process progress fully transparent to all authorized stakeholders.

To learn more about what DLT and Daml can do to improve corporate actions processing, download the IntellectEU and Digital Asset e-book today.

Download for Free

Download the “Digitally Transforming Securities Services” e-book by Digital Asset and IntellectEU on DLT, smart contracts and their practical applications in the Financial Services Industry, from account onboarding to post-settlement and treasury services.

Abstracting Away the Complexities of Blockchain and Smart Contracts

Guest post from Duncan Johnson-Watt, CEO, Blockchain Technology Partners

Implementing new technology across the enterprise is a time consuming, complex process and blockchain is no exception to the rule. According to Gartner’s recent “CIO Guide to Blockchain”, only 3 percent of CIOs have a form of live and operational blockchain for their business; however, business leaders are seeking ways to utilize this transformative technology to automate multi-party transactions across internal and external teams, and produce a single source of truth for that data.

A blockchain infrastructure management platform to accelerate adoption
With blockchain still in its infancy from achieving global adoption across all industries, organizations are finding it difficult to secure large investment dollars for infrastructure deployment and management, and to find developers with the smart contract expertise to build multi-party applications. Additionally, many IT organizations do not have the time or resources to build a production ready blockchain network for distributed applications. What businesses need is a management platform that simplifies the deployment and ongoing management of distributed, multi-party applications and a smart contract language that abstracts away the complexity of the underlying infrastructure for speedy time to market builds of decentralized applications.

Screen Shot 2020-12-15 at 7.46.28 PM

Smart contracts across industry-best blockchain persistence layers

Digital Asset and Blockchain Technology Partners have joined forces to accelerate blockchain adoption and bring innovative applications to market faster with Sextant for DAML. This offering enables businesses to deploy DAML smart contracts across industry-best blockchain persistence layers using their DAML Driver license entitlements for Hyperledger Sawtooth and Besu, as well as Amazon QLDB and Aurora.

Sextant for DAML, a blockchain infrastructure management that frees up resources to focus on DAML applications

DAML is the native smart contract language that enables rapid multi-party application development and platform independence. With DAML, developers only have to code using business logic, while the DAML runtime and DAML integration layer manages everything else. Sextant is the infrastructure management platform that provides one-click deployment of decentralized DAML applications across supported networks on-premises or in the cloud utilizing Kubernetes containers, enabling the broadest range of deployment.

Learn More about DAML Drivers

A recent example of Sextant for DAML in action is the Demex Group’s new paradigm to customize and deliver climate-resilience through financial risk platforms. The Demex Group, a leading technology company that shields customers from financial surprises of volatile weather, underpins their risk provider platform with Sextant for DAML. The Demex Group can now deliver a customized transaction platform for risk providers that leverages smart contracts and blockchain to streamline multi-party workflows while facilitating more transparent transactions. This solution helps end users creatively analyze client exposure and develop bespoke financial risk solutions.

In the November 2020 press release, Ed Byrns, President and CEO of The Demex Group stated, “We selected Sextant for DAML to allow us to fully realize its benefits by providing us with a stable platform to build upon, accelerating our development and reducing our time to market.”

Sextant utilizes Kubernetes to simplify deployment and management of distributed ledgers and smart contract infrastructure

Behind the scenes, Sextant uses parameterized helm charts to achieve the broadest range of deployment through Kubernetes orchestration. Sextant can be integrated into an enterprise’s CI/CD pipeline using its API technology. Alternatively, the Sextant UX renders these parameters in easy to use dialogs. Users can import the details of the Kubernetes clusters they are entitled to use and then select the appropriate DAML Driver to target these clusters for the actual DAML application deployment.

Sextant also maintains and tests DAML applications to ensure optimal performance. Moreover, Sextant for DAML is delivered as enterprise software rather than a centralized managed service, this enables enterprises to deploy flexibly and on their own terms.

With Sextant for DAML, businesses can instantly deploy DAML applications in production without the operational complexity. To learn more about DAML, DAML Drivers, and Sextant for DAML, visit .

Unlock the Power of Your Existing Infrastructure

This blog is the second of a three part series focusing on the power of DAML and distributed ledger technology.

In “Unlock the Power of Developer Productivity”, we highlighted how smart contract adoption is hindered by lock-in at the infrastructure level, i.e., developers are tasked with writing decentralized applications against new technology that may change as IT investments evolve. Porting smart contracts to a new ledger usually means a full code rewrite, learning the details of a new system, and a non-trivial resource investment to perform the migration. DAML smart contracts insulate developers from the underlying infrastructure complexities enabling developers to focus only on the code that creates business value. This abstraction has the added benefit of providing seamless application portability. With DAML applications when the underlying ledger changes, the application doesn’t have to. DAML future-proofs your application through our write once, deploy anywhere model.

Businesses need ways to leverage existing infrastructure
While most businesses are building multi-party applications for distributed ledger platforms, many wish they can leverage their existing infrastructure to automate internal processes and unlock the power of multi-party workflows without having to dive head first into distributed ledger technology. Unfortunately, traditional software frameworks are not fit for purpose since they do not support multi-party concepts such as rights and obligations which are found in advanced smart contract frameworks. The manual implementation of multi-party workflows with traditional tools not only adds a layer of risk to the final application but also forces an application rewrite when distributed ledger technology is ultimately adopted by the organization.

To unlock the benefits of multi-party workflows today, businesses need a smart contract language and ecosystem that supports both traditional database and distributed ledger technology so that your applications stay relevant even as the underlying technology continues to evolve.

Learn More about Ledgers Unlocked

Augment your existing system with DAML smart contracts

With DAML for PostgreSQL, users have access to DAML’s smart contract language, runtime, and ecosystem that provides everything necessary to build and run production grade multi-party applications running on top of traditional database platforms. The DAML Driver for PostgreSQL allows applications built with the DAML smart contract framework to run on any PostgreSQL compliant database, including Amazon Aurora and RDS, Google Cloud SQL, Microsoft AzureDB, and more. DAML for PostgreSQL provides an easy and cost effective entry point into multi-party applications for use cases that do not require a fully distributed ledger on day one. You can now automate interdepartamental workflows, augment your existing systems and simplify complex business processes with the power of DAML workflows on top of the database infrastructure you are already running today.

The same DAML application you deployed on DAML for PostgreSQL can also be migrated to any DAML enabled DLT platform, such as Corda or VMware Blockchain, without rewriting the application or redoing the integrations with external systems. When external counterparties want to store a copy of the data they are entitled to, you can redeploy your DAML application onto a distributed ledger and enable your users to run their own DLT node – all without rewriting your application. All DAML-driven applications are ledger agnostic, so you can take advantage of the latest DLT platforms and features automatically without having to make changes to your DAML application. That’s what we mean by write once, deploy everywhere!

As you start to build new solutions for multi-party applications, only DAML future proofs the application from an evolving ledger landscape while also supporting today’s technology. Be sure to check out the Ledgers Unlocked Program, Digital Asset’s solution for businesses seeking to build applications across various stacks without license restrictions, and learn how you can leverage DAML Drivers for Corda, VMware Blockchain, and PostgreSQL without experiencing ledger lock-in.

Interconnected /November



Unlock your ledger, free your business

The second installment of interconnected sees the second largest stock exchange group in the world choose DAML, the largest virtualization company in the world release their blockchain with support for DAML, a live demo of interoperability across two blockchains and a database, and much more.

As the world of blockchains, DLTs and even smart contracts on traditional databases moves quickly, you need to future proof your investments with a technology that can work with all of them. DAML enables application portability, so you don’t have to rewrite your application if you need to move to another platform. And coming soon, DAML will allow for interoperability across platforms…

Read the Full Newsletter 

Digital Asset Demos 4 Key Properties of Interoperability

During the OECD 2020 Global Blockchain Policy Forum, Digital Asset’s CEO ran a live demo showing how to integrate CBDCs across different blockchain and database platforms

Speaking at the OECD Blockchain Policy Forum in November, Digital Asset Co-founder & CEO, Yuval Rooz unveiled a new blockchain interoperability protocol that enables applications to seamlessly interact across different platforms. During the session – “Interoperability in DLT – What does it mean? Is it important? What are the options?” – Rooz gave a live demo showing how wholesale and retail applications of Central Bank Digital Currencies (CBCDs) can interoperate across Hyperledger Fabric, Ethereum and a traditional Postgres database, making CBDCs compatible regardless of the underlying technology

As Central Banks move away from experimenting with permissionless public blockchains towards production deployments on networks designed for the enterprise, the importance of interoperability has only increased.

“To unleash the full potential of CBDCs and DLT, interoperability is a must,” said Rooz. “The reality is that there is not going to be one chain or one ledger to rule them all. The other challenge is that not every use case is going to be suitable for DLT. There will be solutions running on traditional databases. If we don’t solve for interoperability now, all we’re doing is re-creating the problem with slightly bigger data silos using newer technology.”

Rooz identified 4 key components of achieving true interoperability and why these 4 are vital for any central bank or company considering going live with any asset on DLT.

Rooz added, “Interoperability is a necessity and must include atomicity, privacy, cross-ledger technology and extensibility. With these four components we can realize the full potential of DLT and new solutions, like CBDCs.”

During the session, Rooz also announced that Digital Asset will open source the code used to build the CBDC interoperability functionality “CBDCs must be open source,” said Rooz. “Everyone needs to see these implementations. We have a lot more functionality to share and we want to make it collaborative.” To be notified once the application is open source, sign up here.

The Global Blockchain Policy Forum took place on November 16 -20, 2020. It is the leading international event focused on the policy implications of blockchain and its applications, led by the OECD’s Blockchain Policy Centre. The event brings together top government officials, policy advisors, central bankers, academics and more.