Exactpro Enables Testing for DAML-built Applications
Posted by Digital Asset on Apr 23, 2020 10:07:35 AM

 

Post-trade activities are a crucial part of the overall trade process. As more large scale distributed ledger technology (DLT) projects come to life, stress testing DLT applications becomes necessary to ensure these new applications can meet the demanding requirements of the post-trade processing landscape. 

Recently, Exactpro announced that it has expanded and adapted its post-trade testing suite capabilities for emerging technologies. Through ClearTH, its test automation framework, the QA specialist firm is now offering software testing for DLT applications built using DAML..

Exactpro focuses on functional and non-functional testing and software development of systems that process wholesale financial products across multiple asset classes, such as trading and clearing, risk management, market surveillance, securities data distribution, and post-trade infrastructure. It offers services to exchanges, investment banks, brokers, technology companies and other financial sector organizations worldwide.

At the product level, ClearTH automatically triggers different life cycle events, such as cash flow generation, trade execution, novation, termination, and simulates various potential actions of different parties involved in a business process, such as initiating transactions or accepting trades. It also automates the validation of the functional work flow of swaps implemented in the IRS & CDS Swaps Lifecycle Module application based on the Common Domain Model (CDM) developed by the International Swaps and Derivatives Association (ISDA).

The ClearTH framework solves two key problems related to the resilience of mission-critical financial technology platforms:

  • It addresses the extreme complexity of both their structure and business logic and facilitates the process of migration of these platforms to a new stack of technological solutions by providing the functionalities of validation and verification.
  • Used on top of DAML-based applications, ClearTH provides a blockchain framework-agnostic testing inventory for DLT solutions. The framework addresses the challenges of test automation for DLT systems that are underpinned by different blockchain-inspired frameworks and enhanced with such industry standardization solutions as DAML and CDM.

Are you interested to give DAML a try?  Click here to play with the technology online.   

 

Click here to read the press release

 

Post-trade activities are a crucial part of the overall trade process. As more large scale distributed ledger technology (DLT) projects come to life, stress testing DLT applications becomes necessary to ensure these new applications can meet the demanding requirements of the post-trade processing landscape. 

Recently, Exactpro announced that it has expanded and adapted its post-trade testing suite capabilities for emerging technologies. Through ClearTH, its test automation framework, the QA specialist firm is now offering software testing for DLT applications built using DAML..

Exactpro focuses on functional and non-functional testing and software development of systems that process wholesale financial products across multiple asset classes, such as trading and clearing, risk management, market surveillance, securities data distribution, and post-trade infrastructure. It offers services to exchanges, investment banks, brokers, technology companies and other financial sector organizations worldwide.

At the product level, ClearTH automatically triggers different life cycle events, such as cash flow generation, trade execution, novation, termination, and simulates various potential actions of different parties involved in a business process, such as initiating transactions or accepting trades. It also automates the validation of the functional work flow of swaps implemented in the IRS & CDS Swaps Lifecycle Module application based on the Common Domain Model (CDM) developed by the International Swaps and Derivatives Association (ISDA).

The ClearTH framework solves two key problems related to the resilience of mission-critical financial technology platforms:

  • It addresses the extreme complexity of both their structure and business logic and facilitates the process of migration of these platforms to a new stack of technological solutions by providing the functionalities of validation and verification.
  • Used on top of DAML-based applications, ClearTH provides a blockchain framework-agnostic testing inventory for DLT solutions. The framework addresses the challenges of test automation for DLT systems that are underpinned by different blockchain-inspired frameworks and enhanced with such industry standardization solutions as DAML and CDM.

Are you interested to give DAML a try?  Click here to play with the technology online.   

 

Click here to read the press release

Topics:

Smart Contracts, DAML, blockchain, emerging technology, Partners, testing

Recent Posts
BLOG
Interconnected / September
09/24/2020
NEWS
Digital Asset Expands DAML for Corda Integration Support with Chainstack
09/24/2020
NEWS
Entrepreneurship in Heavy-Duty Technology: Digital Asset CEO Yuval Rooz (Part 1)
09/23/2020
BLOG
How to Monetize your Data at Scale
09/15/2020
PRESS RELEASE
BNP Paribas and Digital Asset Join Forces to Develop DLT Trade and Settlement Apps
09/15/2020
PRESS RELEASE
DAML Named the Exclusive Smart Contract Language for China’s Blockchain Services Network
09/14/2020
NEWS
Digital Asset Joins Leading Companies and Law Firms in  Lawyers for Racial Justice Initiative
09/10/2020
BLOG
GBBC Davos 2020 - Blockchain, smart contracts, and sustainability
09/10/2020
NEWS
DAML Smart Contract Language is Now Used for Digital Bonds
09/4/2020
PRESS RELEASE
SGX Uses DAML to Complete its First Digital Bond Issuance
09/1/2020
BLOG
Smart Contracts and Data Privacy in the Wake of COVID-19
08/27/2020
NEWS
Women in Tech with Kelly Mathieson
08/26/2020
BLOG
Unlocking New Investment Opportunities with Digital Assets
08/20/2020
NEWS
The Tech Talks Daily: Meet the Creators of DAML
08/4/2020
BLOG
Enhancing Corda with DAML Smart Contracts
07/28/2020
NEWS
Smart contract language DAML now on Corda blockchain
07/27/2020
NEWS
Digital Asset has sights on stock market blockchain interoperability with DAML
07/27/2020
NEWS
Fintech Finance: Virtual Arena with Yuval Rooz
07/27/2020
PRESS RELEASE
Digital Asset, Creators of DAML, Adds VMware As Investor in Series C Round
07/14/2020
NEWS
The Power of DAML and Interoperability in Blockchain
05/22/2020
PRESS RELEASE
WeBank to Integrate DAML with China’s Leading Blockchain Platform
04/15/2020
PRESS RELEASE
Digital Asset is First Blockchain Startup to Successfully Complete AICPA Type 2 SOC 2 Examination
03/5/2020
PRESS RELEASE
Hyperledger Besu now has DAML Smart Contracts
03/3/2020
PRESS RELEASE
BTP brings smart contracts to Amazon QLDB with Sextant for DAML
02/25/2020
PRESS RELEASE
Leading Tech Companies Join Series C Financing & Former Microsoft Exec Joins Board
02/4/2020
BLOG
Outcompeting Destructive Systems with Smart Contracts
02/3/2020
PRESS RELEASE
Odyssey Introduces Goals of the Odyssey Hackathon 2020 in Davos
01/24/2020
BLOG
Smart Contracts for Social Good: Unlocking Blockchain's Potential Beyond Finance
12/19/2019
BLOG
Low-code Smart Contracts for the Enterprise with Unibright and DAML
12/9/2019
BLOG
Committed Settlement: Adoption under UK Law, an analysis by Linklaters
09/26/2019