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BTP’s blockchain management platform Sextant for DAML selected by climate risk insurtech The Demex Group

BTP product underpins Demex platform that shields customers from the financial surprises of volatile weather empowering them to grow their business.

Washington DC — November 19, 2020 — The Demex Group, a leading technology company that has pioneered a new paradigm to customize and deliver climate-resilience through financial risk solutions on a global scale, has selected Sextant for DAML, the blockchain management platform provided by Blockchain Technology Partners (BTP), to deploy and manage the blockchain and smart contract infrastructure that underpins their Demex platform.

The Demex Solutions Center is a robust end-to-end ecosystem that shields customers from the financial surprises of volatile weather, empowering them to grow their businesses. Under the covers, it leverages blockchain and DAML smart contracts to enable the delivery of customized transaction platforms for risk providers and end users to creatively analyze client exposures and develop bespoke financial risk solutions.

Sextant for DAML is a software product that radically simplifies the deployment and management of both blockchain networks and smart contracts. Sextant for DAML abstracts the underlying operational complexity, providing an enterprise grade platform that frees up companies to take full advantage of the power of DAML and focus on addressing the needs of their business.

DAML applications provide a robust framework to better manage transactional workflows, resulting in improved operational efficiency and risk mitigation capabilities. DAML also preserves privacy, trust and speed across any distributed ledger or database. This is particularly relevant to the capital markets and insurance sectors.

Sextant for DAML, developed in partnership with Digital Asset, radically simplifies the deployment and management of DAML smart contracts on Hyperledger Sawtooth and Hyperledger Besu as well as Amazon QLDB and Amazon Aurora. It is rapidly emerging as the platform of choice for companies delivering DAML applications in production.

About The Demex Group

The Demex Group is a team of seasoned risk advisors who leverage advanced technology and rich data to manage climate-driven financial volatility. With increasingly variable weather conditions, Demex offers businesses the ability to manage risk and create opportunity.

The Demex Solutions Center is the firm’s core technology. It powers complex data analysis required to:

  • Rapidly deliver customized transactional platforms for clients and risk providers
  • Creatively analyze client exposures and establish bespoke risk solutions
  • Efficiently transfer risk to pre-certified risk carriers
  • Proactively deepen business insight through solutions monitoring and learning loops

Demex shields customers from the financial surprises of volatile weather so that they can grow their businesses. Learn more at www.TheDemexGroup.com

About Blockchain Technology Partners

Founded in 2018, BTP is a leading enterprise blockchain company. BTP brings the benefits of blockchain and smart contracts to business by providing Sextant — a management platform that radically simplifies the deployment and ongoing management of distributed ledgers and smart contract infrastructure.

BTP has a strategic partnership with Digital Asset and its customers include the Tel Aviv Stock Exchange and Quantum Materials Corp. BTP has offices in Edinburgh and New York and is a member of the Global Blockchain Business Council, the InterWork AllianceHyperledger, the Cloud Native Computing Foundation, ScotlandIS and techUK. Learn more at www.blockchaintp.com

About Digital Asset

Digital Asset helps companies of all sizes and across industries get distributed applications to market faster, and stay there longer. At the core of our service offering is DAML, an open source and platform-independent smart contract language that enables developers to write an application once and deploy it anywhere.

To learn more about Digital Asset, please visit www.digitalasset.com and for more information about DAML, please visit www.daml.com. Click here to follow us on Twitter and LinkedIn.

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