The distributed ledger technology startup Digital Asset has announced the exclusive language DAML for smart contracts, with the partner of Blockchain Technology Partners (BTP) for the Hyperledger Sawtooth.
Announcing the news in its blog post, Digital Asset pointed out that they had been partnering with Hyperledger members, BTP for the development of Digital Asset Modeling Language (DAML) runtime. By combining DAML into the Hyperledger Sawtooth, the company is able to create a modular platform for running distributed ledgers that is similar to blockchains.
Hyperledger clarified that the Hyperledger Sawtooth has many characteristics that “map well” to DAML expectations. More specifically, the team noted its Transaction Processor has a very flexible approach towards roles and permissions, for example, and is based on a very natural DLT network topology of fully distributed peers. DAML is based on a permissioned architecture and Hyperledger Sawtooth can be configured to be permissioned without requiring special nodes”.
DAML aims to decouple smart contracts from ledger by determining abstraction over implementation details like data distribution, which provides a clean ledger model.
DAML exclusive language was first launched in April 2016 under the name DA’s Digital Asset Modelling Language. In this month, after developing DAML into open-sourced, Digital Asset announced its working with US-based software virtualization giant VMware to integrate DAML with their blockchain platform, VMware Blockchain aiming to reach capability and offer a combined package for customers.
In the same week, Digital Asset has also collaborated with the International Swaps and Derivatives Association (ISDA) in New York to enhance the use of smart contracts in derivatives trading.