Today, workflows cannot be shared privately and securely across organizations, leading to inconsistent data, outdated architectures, and no common interface between different stakeholders. Digital Asset created the Daml smart contract platform to connect businesses and help companies automate multiparty processes across databases and blockchain networks.
Join Block8 and Digital Asset to learn how distributed ledger technology and Daml-driven applications improve complex processes between internal and external stakeholders, and how this new technology eliminates reconciliation and operational risk for organisations managing financial assets.
You will receive the following takeaways:
Watch the on-demand webinar now.
Intelligent Credit, a truly Australian innovation born of a partnership with two genuine local tech innovators, Australian Mortgage and Block8.
Daml applications can be deployed to a database or blockchain network. Whether you're optimizing internal workflows or building a consortia, your application will seamlessly fit with the infrastructure of choice.
Daml applications automatically determine which parts of workflows should be shared with other parties.
Daml provides the data model, authorization, data visibility rights, and transactional guarantees in the smart contract framework.
Every Daml application has an audit trail of data modifications and access as part of the smart contract framework.
Daml is an Apache 2.0 open source project that can be extended or incorporated into existing projects.
Daml helps businesses in every industry invest in future-proof applications with a purpose-built framework that tears down data silos. With Daml, you are able to build multiparty processes that improve collaboration, automate repetitive tasks, and contribute more to the bottom line.
Financial institutions are plagued by inefficient processes that stifle innovation, increase capital requirements, and disturb cash flow. Daml provides a framework for digital transformation where complex multiparty workflows are simplified and data silos are eliminated. From collateral management to OTC derivatives, Daml was built to support a variety of capital markets use cases and offers a comprehensive Daml Finance Library to accelerate application development.
Healthcare systems are historically siloed, causing data loss and error-prone reconciliation processes. Daml applications improve the availability of medical data across providers and payers through secure smart contracts. With Daml for Health Insurance, payers can build solutions that settle claims instantly, ensuring greater liquidity for providers.
Daml offers pharmaceutical companies the ability to more accurately track clinical trial consent, quickly enact drug recalls, and notify proper stakeholders of pertinent health information while remaining HIPPA compliant. Daml solves a variety of unique pharmaceutical workflows, including clinical trial master file management, patient trial consent, labeling and company core datasheet (CCDS), and supply chain track and trace for medications.
Supply chains are extremely complex involving multiple untrusted parties, error-prone paperwork, one up - one down visibility, and long execution times. Daml streamlines and standardizes these processes with rights, obligations, and fine-grained authorization built into the language ensuring the highest level of transparency and data integrity across any transaction.
Daml supports a variety of insurance workflows from car insurance to life insurance. Daml speeds up claims processing, payment flow, and identity validation while ensuring regulatory requirements are met with strict data rules defined in the code. Daml enables businesses to create new insurance and reinsurance products with ease. It also provides a future-proof path for companies that want to deploy new solutions on legacy infrastructure but move to new technology in the future.
DAML streamlines transaction processing and safely shares data between banks for improved risk assessment accuracy and fraud prevention through its privacy-first framework for multi-party workflows that tears down data silos by leveraging the power of smart contracts.
The legacy systems upon which financial assets, securitisation, and asset management operations are often defined by a constant exchange of data through APIs or transfers.
Download our Whitepaper to discover how digital ledger technology and Daml smart contracts improve complex business processes and eliminate reconciliation and operational risk within capital markets.
Insurance and Reinsurance
Trade Finance and Factoring
At Block8 we are asked all the time "What is blockchain" depending on whom you speak to, the answer will usually be technical or even more technical. Block8 decided to create a short 90-second video to explain blockchain and its benefits to a non-technical audience. Keeping it simple and easy to understand can create the interest and excitement that we all feel about this incredibly disruptive technology. However, if you want a technical response or an even deeper technical response, we can help with that too.
Distributed Ledger Technology and Daml Smart Contracts for Greater Transparency Across Securitisation and Asset-Backed Securities