Blockchain startup Digital Asset has announced the release of a non-technical whitepaper on the company’s architecture that details the rationale for the technological decisions made by Digital Asset.

The paper provides a high-level overview of the architecture of the Digital Asset Platform, a common foundation on which financial services applications can be built. Using blockchain or distributed ledger technology (DLT) to allow the mutualization of financial market data and processes across distinct market participants, Digital Asset maintains confidentiality and scalability. It also reveals more details on DAML, the Digital Asset Modeling Language.

The Digital Asset platform removes the inconsistencies between disparate but duplicative siloed data records. It reduces the current errors, latency, risk, cost and capital requirements that are involved in processing financial transactions.

The paper summarizes that DA Platform has its unique approach to providing a distributed network, at the same time protecting privacy. It will be continuing its sophisticated solution to tackling the requirements of financial institutions in adopting blockchain technology. Along with the power of DAML, the company provides a common foundation for financial innovation.

Digital Asset has developed its software specifically for wholesale, regulated financial markets and delivers key benefits such as continuous data integrity, increased market transparency and accelerated financial application innovation.