Today it was announced that China’s WeBank is integrating Digital Asset‘s smart contract language DAML with the FISCO BCOS blockchain platform. DAML works with several different blockchain protocols.
WeBank is China’s first digital only bank and was started by Tencent, one of China’s big three tech companies, that owns WeChat and WeChat Pay. The bank has two other private firms as shareholders and was valued at $21 billion back in 2018.
Meanwhile, FISCO BCOS is a blockchain platform developed by the Financial Blockchain Shenzhen Consortium (FISCO). When it first launched in 2018, the stated aim of FISCO BCOS was to challenge enterprise blockchain Hyperledger Fabric with a Chinese consortium blockchain. Apart from WeBank, three of the eight founding members of FISCO BCOS are Tencent, Shenzhen Securities Communications and Huawei.
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