DAML (Digital Asset Modeling Language), a US-based blockchain startup and a major smart contact language designed for building business-level blockchain applications, has been integrated with R3’s blockchain platform Corda.
On July 27, it has been reported that in order to bring the cross-platform language to the Corda platform, DAML partnered with international tech firm IntellectEU.
IntellectEU said that at launch, DAML on Corda will be initially available for testing and development, while production use is scheduled for the third quarter of 2020. Critical deployments for enterprise features are expected by year’s end.
Samsung-backed blockchain tech firm @digitalassetcom introduces DAML smart contract language to R3’s @Cordablockchain https://t.co/c0YLNwgLLK — Cointelegraph (@Cointelegraph) July 27, 2020
Introduced by R3 in 2016, Corda is one of the world’s most popular blockchain platforms enabling businesses to transact directly and in strict privacy using smart contracts, as the open-source platform is being used by a wide number of high-profile companies and banks around the world, including stock exchange Nasdaq, Japanese SBI Holdings, the Bank of Thailand, the Hong Kong Monetary Authority, and others.
It has been analyzed that by introducing the DAML language to Corda, IntellectEU significantly expands the platform’s interoperability with other blockchains as the language is already integrated with Hyperledger Fabric and VMware Blockchain.
Thomas Bohner, the Vice President at IntellectEU, says that DAML is the “easiest and most robust way to develop distributed applications.”
Thus, Bohner continued:
“This new offering brings the power, flexibility, and time to market advantages of DAML to the widely-adopted Corda platform […]. Clients can move their DAML applications between platforms without recoding, eliminating vendor lock-in and de-risking complex programs.”