Digital Asset Modelling Language (DAML) Goes Open Source as DA Firm Gets Closer to Hyperledger

The cryptocurrency and blockchain startup Digital Asset has decided to open source its Digital Asset Modelling Language (DAML). The intention is to open its source code and software development kit (SDK). The decision to open sourcing its DAML comes just sometime after the departure of its chief executive Blythe Masters.

Digital Asset Open Sources its Code

During a conversation with CoinDesk, Dan O’Prey, the chief marketing officer of Digital Asset, mentioned that the intention to open source the code is a question of when not if.

On the matter, he stated:

“So this isn’t a useless stripped down version, this is the full DAML that anyone can modify, extend, fork or even integrate DAML with their platform – whether it be a distributed ledger or blockchain or a traditional database or even a cloud service.”

O’Prey is also one of the co-founders of Hyperledger. He said that this move will help forge closer relations with other enterprise players in the space. He said that they are very keen to work with the open source community of Hyperledger. The executive director of Hyperledger is also welcoming the move to make DAML open source and they are analysing how it can be integrated with various Hyperledger blockchain frameworks.

Mr. O’Prey has also explained that they do not want to compete against the Ethereum based Quorum platform developed by JP Morgan Chase. Indeed, DAML could eventually run on top of Quorum, something that would make it similar to Solidity.

The firm is also working in order to expand its services beyond capital markets and reach other sectors such as healthcare. As Gopi Devalcheruvu, the vice president of technology at Change Healthcare said, DAML has been a powerful intuitive and easy to use to implement healthcare payments proof of concept.