Today it was announced that China’s WeBank is combining Digital Asset‘s smart contract language DAML with the FISCO BCOS blockchain platform. DAML operates with various blockchain protocols.

WeBank is China’s first digital-only bank and was started by Tencent, one of China’s big three tech companies that own WeChat Pay and WeChat. The bank has two other private firms as shareholders and was estimated at $21 billion back in 2018.

Meantime, FISCO BCOS is a blockchain platform produced by the FISCO (Financial Blockchain Shenzhen Consortium). When it first started in 2018, the stated purpose of FISCO BCOS was to examine enterprise blockchain Hyperledger Fabric with a Chinese consortium blockchain. Aside from WeBank, three of the eight founding members of FISCO BCOS are Shenzhen Securities Communications, Tencent, and Huawei.

“Working with an international market leader like Digital Asset by integrating DAML smart contracts with FISCO BCOS is a key milestone for us to deliver next-generation blockchain solutions across finance, supply chain, and other sectors in China and beyond,” said Henry MA, Executive VP, and CIO, WeBank, in a statement.

In terms of influence, the interest from WeBank is probably even more significant. FISCO BCOS was the first blockchain technology to be consolidated into China’s national Blockchain Service Network (BSN). The BSN is a low-cost solution to allow firms to use permissioned blockchains without requiring to set up their nodes. And WeBank is one of just eight firms on the Developer Committee of the BSN, which also has global ambitions.

At a technical level, FISCO BCOS is acquired from Ethereum, and the DAML integration work is being conducted out by WeBank. FISCO BCOS is a coinless permissioned solution with a population of more than 10,000 developers and 500 corporates.

Since open sourcing the DAML smart contract language a little over a year ago, it has been combined with most of the enterprise blockchain protocols. These involve Hyperledger Sawtooth, Hyperledger Fabric, and Ethereum compatible Hyperledger Besu, VMware Blockchain, and R3’s Corda. Additionally, it operates with Amazon’s databases QLDB and Aurora.

Although the DAML software is open source, there is normally OEM licensing, but when questioned, Digital Asset stated it wasn’t declaring any commercial links at this stage.

“Digital Asset is excited to see the adoption of DAML across the world, furthering it as the standard for smart contract development,” said Dan O’Prey, CMO & Head of Strategy, Digital Asset, in a statement. “We deliberately made DAML and its integration kit open source to further this standardization. We see a lot of commercial opportunities in China, the region, and with this partnership across the world.”