Adjoint joins Isda blockchain working groups

Source: Adjoint

Adjoint, developer of a smart contracts platform and distributed ledger technology for the financial services industry, announced today that it has joined International Swaps and Derivatives Association (ISDA). Adjoint will contribute to the working groups on Distributed Ledger Technology and Smart Contracts.

Adjoint’s powerful asset modeling language allows financial domain experts to compose smart contracts that accurately represent sophisticated financial transactions on the distributed ledger. Using Adjoint’s solutions, financial firms can control the entire derivatives life-cycle through automated smart contracts - from trade structuring, capture, confirmations, collateral, settlement and regulatory reporting. Such smart contracts provide higher level of risk management, compliance and operational efficiency in the process.

Somil Goyal, Adjoint’s COO said "We are pleased to be a member of ISDA, and its work on data and standards will help move the industry forward. ISDA master agreements and FpML are already available as market-wide standards, and it is the right time for the industry to extend and modernise these into smart contracts on distributed ledger technology. This will bring massive operational benefits to the industry."

ISDA’s Clive Ansell said “ISDA is working with its membership to deliver greater efficiency and automation to derivatives markets, and we are happy to welcome firms like Adjoint to contribute to this objective."

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