20 July 2018
Visit www.avoka.com

Adjoint joins open source blockchain movement

25 October 2017  |  4982 views  |  0 Source: Adjoint

Adjoint, developer of smart contracts and distributed ledger technology for the financial industry, announced today the release of their open source platform Uplink.

Adjoint will use this platform to propel development of domain-specific applications in the financial sector across banking, capital markets, insurance, asset management, and commodities trading.

In doing this open source release, Adjoint is responding to client demand in the financial services industry. This demand is for platforms which the clients can use themselves to create, verify and execute financial smart contracts in a secure, private and scalable way. In addition to financial clients, Uplink will also provide a focal point for a community of partners in smart contracts development, financial services consulting and industry bodies.

Adjoint’s powerful Financial Core Language (FCL) is a key part of this open source release. FCL will allow enterprise clients to write smart contracts that accurately represent real-world financial transactions. The Uplink platform is asset agnostic, allowing participants to onboard multiple assets onto a distributed ledger and manage balances. Using FCL on Uplink, participants can design, validate and execute contracts over assets balances and manage other contracts. Software development kits are also available to integrate with other ledgers and traditional systems.

Stephen Diehl, Adjoint’s CTO said “We’re pleased to release Uplink after incubating the project for a year. It is the sum of a lot of engineering work and deep thought on what the next generation of distributed ledgers should offer. Our future work will build on Uplink as the standard and allow us to construct more sophisticated and provably safe contracts than is available in previous generation tools.”

Somil Goyal, Adjoint’s COO commented "Uplink will provide our financial clients a higher level of risk management, compliance and operational efficiency.” The release of Uplink closely follows the announcement that Adjoint has joined ISDA, and in parallel to its participation in Digital Switzerland sponsored Kickstart Accelerator. Somil continued, “We have designed Uplink to manage agreements between regulated financial companies, reflecting input we received from a large number of clients in many sub-sectors. As open source software, Uplink will be enhanced and extended by our industry partners and the developer community. Uplink will become a better way for global financial firms to conduct a wide variety of transactions."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit http://go.jumio.com/finextraAdVisit info.nice.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12704 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10137 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9664 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6607 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6422 views comments | 2 tweets | 7 linkedin

Featured job

Find your next job