Tag: Blockchain

New Partnership Between DeCurret and KDDI to Examine Digital CurrencyNew Partnership Between DeCurret and KDDI to Examine Digital Currency

We have seen Japan excited about the digital currency. After the origin of cryptocurrency in the market, Japan is leading when it comes to crypto projects. One of the famous e-commerce giants in Japan Rakuten partnered with the East Japan Railway Company on June 5 to promote a digital payment system

Not only in crypto projects but also, Japanese are also joining multiple projects in other fields. According to the latest news in the crypto world, we are going to see a new partnership between the Japanese telecom giant KDDI and crypto exchange DeCurret. Moreover, for a real-world transaction of blockchain, au Financial Holdings and WebMoney will handle a joint project to test digital currency.

Talking about how KDDI will implement the test of digital currency?

When it comes to implementing the test, KDDI will firstly request WebMoney to issue and distribute digital currency. As au Financial Holdings is a joint partner with WebMoney, the company will manage the work together. In this test, DeCurret will play a lead role by offering a digital platform for both the issuance and management of the digital currency.

The joint-project, which runs from Feb. 18 to Feb. 28, is part of DeCurret’s efforts to increase the range of services on their platform. Eventually, they are going to utilize this platform by testing cryptocurrency for real-world transactions like those at cafes.

Since DeCurret launched in the month of April 2019, now it has come a long way in the digital world. Japan’s Financial Services Agency has given permission to its users to refill the country’s Suica transportation cards by using cryptocurrency. The agency has already provided the authority of crypto exchange.

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

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.