Blockchain Startup Digital Asset Brings DLT Solutions To Google Cloud

Blockchain, News | July 24, 2018 By:

FinTech firm Digital Asset is bringing its blockchain platform and developer tools to Google Cloud Platform.

Digital Asset builds products based on distributed ledger technology (DLT) for regulated financial institutions, such as financial market infrastructure providers, CCPs, CSDs, exchanges, banks, custodians and their market participants. The company’s Digital Asset Platform allows participants to share a single source of truth which provides continuous data integrity. The platform includes Digital Asset Modeling Language (DAML), a domain specific language that enforces consistent interpretation and application of business logic, and provides a real-time, auditable log of ordered evidences of events. It simplifies the task of writing smart contracts and contains guardrails to protect against delivering contracts that can produce unpredictable results.

Google Cloud Platform is a suite of cloud computing services that runs on the same infrastructure that Google uses internally for its end-user products, such as Google Search and YouTube. It is a part of Google Cloud, which includes the Google Cloud Platform public cloud infrastructure, as well as G Suite, enterprise versions of Android and Chrome OS, and application programming interfaces (APIs) for machine learning and Google Maps. It provides Infrastructure as a Service, Platform as a Service, and Serverless Computing environments.

Through the partnership, Google Cloud customers will now be able to access a comprehensive suite of tools and services to build, test and deploy distributed ledger applications on-demand and without having to configure the underlying platform. Digital Asset will also provide Google access to a software development kit (SDK) that will let the company’s developers experiment with DAML.

“We’re partnering with Google Cloud to provide developers with a full stack solution so they can unleash the potential for web-paced innovation in blockchain,” said Blythe Masters, CEO of Digital Asset. “This will reduce the technical barriers to DLT application development by delivering our advanced distributed ledger platform and modelling language to Google Cloud.”

In addition, Digital Asset has expanded its developer program to include the DAML Platform-as-a-Service (PaaS) on Google Cloud Platform, which developers can use to test and deploy DLT applications. The DAML PaaS will be available to developers through Google Cloud’s Orbitera application marketplace.

“We are delighted to innovate with Digital Asset in the distributed ledger space,” said Leonard Law, Head of Financial Services Platform at Google Cloud. “DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud.”