Digital Asset, a software and services provider that helps businesses create economic value through interconnected networks, today announced the general availability of Daml 2.0, the latest version of the multiparty application platform of Digital Assets.
This release makes it easier than ever to build and deploy state-of-the-art multiparty applications. Daml 2.0 includes Canton, a privacy-aware distributed ledger that is enhanced when deployed with complementary blockchains. Canton ensures strong privacy and compliance – unique among multiparty systems – while synchronizing transactions on any supported blockchain or database. For example, a Daml asset can now be delivered securely on Hyperledger Besu while payment can be made using another Daml asset on Hyperledger Fabric, in a single atomic transaction.
Today, businesses are increasingly using multiparty applications to drive efficiency and innovation by automating processes and delivering new products and services. However, the lack of reliable privacy platforms means that multi-party applications too often languish in the proof-of-concept phase or fall behind a walled garden – a siled blockchain implementation with limited reach. Additional challenges exist when connecting these applications that run on different blockchains or databases, requiring complex workarounds that introduce risks and data consistency and privacy issues. Consequently, companies have been unable to realize the full potential of blockchain, distributed ledger technologies, and multi-party applications that can create new products and experiences.
“The lack of privacy and sovereignty is pushing enterprise blockchain users toward walled garden facilities,” said Craig Blitz, chief product officer at Digital Asset. “While walled garden ecosystems offer some value, they miss the real return on investment on a blockchain. Daml with Canton makes DLT feasible for our customers by preserving privacy while allowing market participants to trade securely. security of assets and share authorized data between multiple trading parties on different platforms None of the existing blockchains has an architecture that can handle the privacy of sensitive information with the scalability needed to connect the world’s assets.
Daml is the technology underlying Digital Asset’s vision for the Global Economic Network, an emerging ecosystem of interconnected global networks. Working with customers, partners, and the open source community, Digital Asset is building and connecting the core services that will bring global assets together, not only within organizations, but also between competitors and other broader market players. Daml is the first system to meet the key requirements of a network of networks for the global economy.
Currently, customers are using Daml to tokenize assets, build new platforms, and create new products and services for the global economic network. Goldman Sachs uses Daml to build its end-to-end tokenized asset infrastructure supporting the entire digital lifecycle across multiple asset classes on permissioned and public blockchains. Deutsche Börse uses Daml for its D7 platform to create and process Digital Instruments, the digital description of electronic securities, to manage securities throughout the value chain.
Mathew McDermott, Managing Director, Global Head of Digital Assets at Goldman Sachs, said, “Daml 2.0 gives us the ability to unlock new users, assets and markets in a growing global ecosystem of interconnected networks. We look forward to being able to open up our network to potentially interconnect with other networks, creating a more open and transparent global marketplace.
Jens Hachmeister, Managing Director, Issuer Services and New Digital Markets, Deutsche Börse, added: “Common standards and interoperability are essential for the development of future digital markets. Digital Asset’s Daml 2.0 is a great complement to our D7 digital back office platform to seamlessly connect different industry networks, whether central or distributed. We look forward to exploring future opportunities for true end-to-end digitalization of financial products. »
Daml 2.0 with Canton is available as open source, and developers can choose to run Daml Open Source or Daml Enterprise for additional features and support. Daml 2.0 apps are compatible with Daml Hub, a managed cloud service for Daml apps and the easiest way to deploy and interact with apps in Guangzhou, and with the following blockchain and database platforms: Corda , Hyperledger Besu, Hyperledger Fabric, Oracle Database, PostgreSQL and VMware Blockchain.