Digital Asset Will Launch Global Blockchain Network With Deloitte, Goldman Sachs

Key Points:

• According to an announcement made by the company on Tuesday, Digital Asset will launch a privacy-enabled interoperable blockchain network with the goal of providing a decentralized infrastructure for institutional clients.
• In addition to a great number of other companies, such as BNP Paribas (BNP), Deloitte, Cboe Global Markets (CBOE), Goldman Sachs (GS), Broadridge (BR), S&P Global, and Microsoft (MSFT), the network is known as the Canton Network.

Microsoft, BNP Paribas, and Cboe Global Markets are some of the other companies that participate in the network with Digital Asset.

According to an announcement made by the company on Tuesday, the financial technology company Digital Asset will launch a privacy-enabled, interoperable blockchain network with the goal of providing a decentralized infrastructure for institutional clients.

In addition to a great number of other companies, such as BNP Paribas (BNP), Deloitte, Cboe Global Markets (CBOE), Goldman Sachs (GS), Broadridge (BR), S&P Global, and Microsoft (MSFT), the network is known as the Canton Network.

Chris Zuehlke, partner at DRW and global head of Cumberland, another member, commented that “The Canton Network is a powerful answer to industry calls for a solution that harnesses the potential of blockchain while preserving fundamental privacy requirements for institutional finance.” “The Canton Network is a powerful answer to industry calls for a solution that harnesses the potential of blockchain while preserving fundamental privacy requirements for institutional finance,” Zuehlke stated. 

“This one-of-a-kind approach, in conjunction with the capacity to carry out an atomic transaction across multiple smart contracts, is the fundamental component that must exist in order to bring these workflows onto the blockchain,”

The network connects apps that were constructed using Daml, which is Digital Asset‘s smart-contract language. This enables diverse systems used in financial markets to interoperate with one another and synchronize their operations.

“Such solutions are a key building block for future digital and distributed financial market infrastructures,” said Jens Hachmeister, head of Issuer services and emerging digital markets at Deutsche Borse Group. “Such solutions”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Chubbi

Coincu News