Google Cloud and Digital Asset team up to create a blockchain service for developers.
Digital Asset, one of the world’s fastest growing fintech companies, announced on Monday, their partnership with Google Cloud to provide blockchain services, software tools and support to developers who wish to enter the decentralized technology field and launch D-apps. This union will also give Google access to Digital Asset’s private programs, and its ‘Digital Asset Modeling Language’ (DAML) software kit, which will allow the blockchain developers create applications, with intelligent contracts for a variety of use cases.
“We’re partnering with Google Cloud to provide developers with a full stack solution so they can unleash the potential for web-paced innovation in blockchain,”
said Blythe Masters, CEO of Digital Asset, in a statement.
Recently, cloud services and technology has made incredible advances, and is increasingly becoming an important part of tech giants’ revenues and business strategies. A clear example of this is “Amazon Web Services” the leader in the cloud sector, followed by Microsoft, while Google Cloud is in third place with about 6% of market share.
Leonard Law, the head of Financial Services at the Google Cloud Platform, commented that,
“We are delighted to innovate with Digital Asset in the distributed ledger space,”
he also added,
“DLT has great potential to benefit customers not just in the financial services industry, but across many industries, and we’re excited to bring these developer tools to Google Cloud.”
Companies all over the world have seen the potential in blockchain technology and are currently joining the growing decentralized commercial sector. Despite regulations, distributed ledger technology is definitely going to be a foundation for finance and businesses.
by Samuel Larreal