Assembly is an immutable and cryptographically secured datastore and messaging system designed for use in a decentralized network. Assembly serves as the foundation for Symbiont’s Smart Securities® platform, which allows users to issue, manage, locate and trade traditional financial instruments efficiently in a single, global, peer-to-peer financial network.
The successful launch of Symbiont’s permissioned distributed ledger component contrasts with the challenges that competing projects have encountered in delivering production-ready blockchain technology, ranging from poor performance to instability. Included in the Assembly release are the public specifications for a ledger API, a mock ledger server, a ledger client library, example client applications and integration tests—all of which are hosted on the Symbiont GitHub page.
“We’ve proven that we can build a fast, secure and powerful distributed ledger capable of meeting the high demands of institutional finance,” Krellenstein said “Assembly is now available to developers struggling to achieve an institutional-quality distributed ledger, and we welcome inquiries from those wishing to build blockchain applications on it.”
Symbiont is the market-leading smart contracts platform for institutional applications of distributed ledger technology. Disclosed users of its platform include 15 financial institutions for Smart Loans™, arranged by Credit Suisse and executed via its syndicated loans joint venture with Ipreo; the State of Delaware for Smart Records™; and a major European insurance company for Smart Swaps™ in the catastrophe insurance market.