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Exactpro announces availability of ClearTH for testing of DAML-built apps

London-based Exactpro announced that its post-trade test automation framework, ClearTH, is now available for software testing of DLT applications built using DAML, an open-source smart contract language created by Digital Asset.

The supplier states that 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. It also automates the validation of the functional workflow 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).

Iosif Itkin, CEO and co-founder of Exactpro, said, “Expanding our testing suite’s capabilities and adapting it to emerging technologies is a goal within our long-term growth strategy. We are happy to partner with Digital Asset and provide the DAML-driven community with a solution for functional testing of distributed applications built with DAML.”

DAML offers standardization along with the capacity to run on multiple blockchains. It enables developers to write an application once and deploy it anywhere. ClearTH, used on DAML, is expected to solve problems related to financial technology platforms, including the complexity of structure and facilitating platform migration.

“We are excited to work with Exactpro to help advance the use of DLT-based applications in post-trade markets,” said Kelly Mathieson, Chief Client Experience Officer at Digital Asset. “Post-trade activities are a crucial part of the overall trade process. Any application, DLT-based included, needs to pass stringent testing requirements to ensure the software is mature enough to meet the demanding requirements of the post-trade processing landscape.”

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