Enterprise Salesforce and Samsung Funded For the Beginning of New Blockchain Technology DAML

Gurmeet Singh   February 10, 2020

Samsung

The Digital Asset ends up its first event of Series C in the month of December 2019. The important asset of this event was to gather a fund of almost $35 million. After the great success of the first event, they decided to organize the 2nd Series event soon.

Some of the biggest enterprises like Salesforce and Samsung also decided to participate in a second Series C funding event for a startup called Digital Asset.

It is assumed the funds raised will be utilized in the development of DAML across multiple industries. Co-Founder and CEO Yuvol Rooz of Digital Assist appreciate Salesforce and Samsung for supporting their Series C financially. He was happy to see that technology Giants were able to justify the potential of DAML.

DAML is able to set a standard for smart contracts

Digital Asset launched its new product in the field of blockchain in April 2019. The software is named as Digital Asset Modeling Language or DAML. As it was an open-source program, DAML performs a smart contract coding, although it differs in terms of private execution.

Digital Asset is a reputed firm known for providing high tech business solutions. Their aim is to help the client with various technologies so that they can easily figure out various challenges in the business. The main focus is to replace the bequest Clearing House Electronic Subregister System (CHESS) platform, which has been carrying out for around 25 years.

DAML is presently supporting firms like Hyperledger Fabric, Hyperledger Sawtooth, Corda, VMWare Blockchain, and Amazon’s Quasi-blockchain QLDB as well as Aurora.

According to the recent announcement Susan Hauser joins Digital Asset’s board of directors. He has served as a corporate Vice President for about 28 years at Microsoft.

In his speech, we heard many industries are going to see the adoption of smart contracts and languages like DAML in the upcoming digital scenario.