Digital Asset Holdings has revealed new blockchain technology it believes could one day connect the world's most important financial institutions.
Instead of a single "full stack" of its own applications, languages and execution capabilities, the company (headed by former JP Morgan executive Blythe Masters) is going for a more modular approach with its new Global Synchronization Log (GSL), revealed for the first time late last week. Intended to serve as a foundation for independent distributed ledger implementations, GSL also aims to help other blockchain products focus on improving their smart contract servicese. Digital Asset Holdings CTO Shaul Kfir went so far as to say the startup's goal is industry-wide standardization. Kfir told CoinDesk: "Rather than a series of competing full-stack implementations, which each have to re-implement their own solutions to common problems, the GSL focuses on a very specific subsection of a platform so that it can be reused and combined with other components."