GFT to offer DAMLsmart contract support for R3’s Corda blockchain with Digital Asset partnership

By Megha Bhattacharya

GFT today announced that it has expanded its global partnership with Digital Asset in a bid to include DAMLsmart contract support for R3’s Corda blockchain. DAML for Corda offers a way for deploying distributed, multi-party applications across all types of business domains.

DAML for Corda allows users to write CordApps in DAML while realising cost savings and faster time to market. DAML applications provide a framework to enable management of transactional workflows, thus improving operational efficiency and risk mitigation capabilities.

Yuval Rooz, CEO & Co-founder at Digital Asset commented, “GFT brings many years of unique experience in building Corda networks and DAML driven applications. We are delighted to have expanded our longstanding and mutually supportive partnership to include DAML for Corda. We are confident that GFT’s world-class customer support and technical expertise will help enterprises use DAML to unlock the power of Corda, without getting locked in.”

Marika Lulay, CEO at GFT concluded, “Never before have firms been under as much pressure as they are today to deliver on their digital transformation objectives. We believe this extension of our partnership with Digital Asset adds another important dimension to our business and for our globally diverse client base. Being an integral part of the DAML for Corda initiative is a perfect example of our unrelenting commitment to being at the forefront of delivering positive change for our shared clients. We look forward to doing great things together with Digital Asset in the future.”

GFT recently announced a global strategic partnership with core banking technology firm, Thought Machine. The collaboration was signed after an AWS-based integration project featuring the FinTech’s core banking platform, Vault. GFT was responsible for developing a complete bank on top of the Vault core engine. The project was delivered for a global tier-one bank, which is currently in a production environment. The bank now aims to boost customer onboarding and product delivery to customers.