Blockchain Software Firm Digital Asset Open Sources its DAML Language

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Blockchain software firm Digital Asset has open sourced its Digital Asset Modeling Language (DAML), the company announced on Twitter on April 4.Introduced in April 2016, DAML is an expressive language designed for financial institutions to model and execute agreements through distributed ledger technology (DLT).According to Digital Asset’s blog, DAML is similar to a smart contract language in many ways, but it is optimized for usage in a private execution environment rather than in an open execution environment.Staring now, the source code for the DAML language is freely available under the Apache 2.0 open source license, the company wrote in an announcement, adding that third parties are able to modify DAML and integrate it with other platforms.Shaul Kfir, co-founder and CTO at Digital Asset, said that DAML is capable of abstracting the underlying complexities of blockchains, which allows developers to rapidly write secure distributed applications regardless of the platform.Along with the…

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