Smart Contract Language DAML Now on Corda Blockchain

Smart Contract Language DAML Now on Corda Blockchain

Blockchain
July 28, 2020 Editor's Desk
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Today Digital Asset declared that its cross-platform smart contract language DAML is now available for developing applications on enterprise blockchain R3’s Corda. Digital Asset recently declared an investment from VMware, which appended to its total funding of more than $150 million from big names like Salesforce, Samsung, and IBM. It also has lots of capital
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Today Digital Asset declared that its cross-platform smart contract language DAML is now available for developing applications on enterprise blockchain R3’s Corda. Digital Asset recently declared an investment from VMware, which appended to its total funding of more than $150 million from big names like Salesforce, Samsung, and IBM. It also has lots of capital markets backers, including Australian Securities Exchange ASX, Citi, DTCC, JP Morgan, and Goldman Sachs.

DAML is created for business workflow and already operates with other major blockchains like Hyperledger Fabric, Sawtooth and Besu, VMware Blockchain, and Amazon’s QLDB and various databases. Although the DAML language is open source, the combinations usually are not.

Corda was earlier integrated with DAML as a prototype but has since moved towards a production version, and today it was declared IntellectEU and DataArt would be combination associates. The integration is both for the open-source and enterprise versions of Corda. Until now, all smart contract applications for Corda were written in Kotlin or Java.

One of the significant advantages of DAML is an application can be developed utilizing almost any permissioned DLT (distributed ledger technology), and the blockchain or DLT platform can be changed later without necessitating to improve the application. As reported earlier today, Digital Asset tries to make DAML allow interoperable applications over blockchain protocols.

“DAML is the easiest and most robust way to develop distributed applications for businesses that we have seen,” said Thomas Bohner, VP IntellectEU in a statement. The company has various clients in the finance sector, like Belfius, Capital One, KBC, SWIFT, Euroclear, and ASX. It is offering integration support for Corda based trade finance platform Contour and DAML for Hyperledger Fabric. Moreover, it has its Catalyst Blockchain Platform for rapid blockchain deployment.

“DAML’s ledger-agnostic approach to application development makes it easier to build, deploy, change, and share new services across multiple platforms. Interoperability is paramount, and DAML affords us that opportunity, paving the way towards a much-needed interconnected business environment,” said Denis Baranov of DataArt in a statement. DAML on Corda is recently available for developers with a production version assumed in Q3 and enterprise features by the end of 2020.

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