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.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Carl T
    Carl T
    Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Open Interest on CME Bitcoin Futures Outgrowing BTC Price

    If BTC closes above the 200-day moving average, just above $9,000, we could see $10k Institutional investors leading the way for a new...

    Here’s How DeFi’s Smashing Growth Puts a Trillion-Dollar Case for Ethereum

    Total USD value locked in DeFi surpasses $800 million creates “a new paradigm for global finance” with one common theme Ether The trillion-dollar...

    This Uncannily Accurate Bitcoin Chart from Dec. 2018 Predicts a New ATH in 2020/21

    Analyst ‘s post from Dec. 2, 2018, correctly predicts Bitcoin’s bottom and momentum in 2019 Bitcoin price is currently hovering around $9,000 after surging...

    Lawmaker Proposes Bill For State-Chartered Institution For Blockchain & Crypto Innovations

    An Oklahoma lawmaker has come forward with the proposition of creating a financial institution chartered by the state and that functions as a central...

    Block.One's ‘Voice' Social Network Has An Open Door Policy To Other Blockchains, Not Just EOS

    During its June ICO, had indicated that its Facebook rivaling social network dubbed Voice, would be launched on the EOS network. However, plans...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.