Alphabet Inc (NASDAQ:GOOG) Google has today disclosed details regarding the partnership it intends to strike with Digital Asset. Since its establishment, this New York-based startup has been developing tools that help in coming up with a wide range of blockchain-based apps. The current deal will see Google move this startup’s blockchain to its cloud platform.
A close outlook into the matter
The spokesperson of Digital Asset has expressed his optimism outlining that partnership with such a company would help them enhance their reputation as a distributed ledger solutions service provider. It was on Monday that Digital Asset revealed about its plan to work with the tech player.
It hopes to succeed on its quest to serve the various developers with what they require in form of tools and services. The tools with be crucial in the building, testing and deployment of a wide range of distributed ledger applications. It won’t be necessary to configure the underlying platform and that is great progress.
Different perspectives regarding recent developments
Blythe Masters, current CEO of Digital Asset while addressing several news reporters outlined that they were going to remain committed to serving developers with a full stack solution. There are plans underway to minimize the technical barriers to DLT application development. That will only be achievable if it will succeed at delivering its modeling language and top notch distributed ledger platform to the Google cloud.
It will be a progressive move for Google cloud to join the private beta platform belonging to Digital Asset. This program is important to global financial institutions, software vendors and technology partners since it will be giving them access to Digital Asset Modeling Language (DAML).
DAML is basically a smart contract language which helps with simplification of tasks related to the drafting of smart contracts.
The Head of Financial Services Platform at Google Cloud, Leonard Law is quite pleased that they have gotten to a point of innovating with Digital asset. He is also excited about how the distributed ledger space functions. According to him, DLT pulls along with significant potential and the ones to gain the most from it are financial services industry’s customers.