Digital Asset Holdings Creates a ‘Smart Contract Alternative’
Digital Asset Holdings announced its recent acquisition of the technology firm Elevence, a company which has created a language that executes a different kind of contract protocol. The Elevence team is made up of computer scientists and financial experts whose technology “compliments” Digital Asset’s existing software. Digital Asset Holdings’....
Related News
Digital Asset Holdings has announced it intends to open-source DAML, the smart contracting language it acquired from startup Elevence earlier this year. Though no date has been set for the transition, the Blythe Masters-led blockchain startup credited its bid to "advance industry adoption" of the tech as the impetus for the move. However, Digital Asset said work needs to be done to increase DAML's functionality and documentation so that it is ready for use outside the startup. The company wrote: "By making DAML more widely available, we intend to enable clients, partners and....
San Francisco-based Ripple Labs, a startup focused on building payment and digital asset networks, has unveiled a comprehensive plan for the development of a new smart contract system. Called Codius, the proposed system will be programming language agnostic and work with existing monetary and contractual systems. There are a few cryptographic projects currently seeking to build smart contract solutions, but Codius is perhaps the framework that many in the cryptocurrency space have been seeking to leverage to build asset structures. Stefan Thomas, chief technology officer at Ripple Labs,....
Digital Asset Holdings has revealed new blockchain technology it believes could one day connect the world's most important financial institutions. Instead of a single "full stack" of its own applications, languages and execution capabilities, the company (headed by former JP Morgan executive Blythe Masters) is going for a more modular approach with its new Global Synchronization Log (GSL), revealed for the first time late last week. Intended to serve as a foundation for independent distributed ledger implementations, GSL also aims to help other blockchain products focus on....
Digital Asset Holdings has announced that it has acquired the assets and senior leadership of a Zurich-based technology startup. Elevence CEO Vincent Peikert will lead Digital Asset's Switzerland office, and serve as head of product for Europe. Further, James Litsios, Elevence's CTO, will serve as head of development in Switzerland. The terms of the acqui-hire were not disclosed. In the statement posted to Digital Asset’s website, CEO Blythe Masters described how she sees Elevence’s eight-person team fitting into the company. Masters said: “The resulting Digital Asset platform is....
Solidity and EVM make smart contracts available to every developer out there, regardless of experience. This is a good way to boost innovation in the smart contract space, but may not yield the best results in the initial stages. The recent debacle surrounding The DAO has shed an interesting spotlight on smart contract technology. Since individual developers wrote the entire concept of this project, it looks like smart contracts are not completely trustless. There is still a lot of work to be done before this technology is ready for mainstream adoption. Not everyone is capable of – or....