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Digital Asset unveils developer program for DAML enterprise smart contract language

Published 23 April 2018

Digital Asset, a provider of distributed ledger technology for the financial services industry, has released a new developer program for its enterprise smart contract language, DAML.

The program, which opens today to a wider audience, provides developers with tools and training so that they can use DAML to model sophisticated, multi-party applications that run on the Digital Asset Platform.

Several of Digital Asset’s partners and clients, including Accenture, GFT, IntellectEU, ASX, ABN AMRO, and The Depository Trust & Clearing Corporation (DTCC) have already joined the private beta of the developer program.

The program provides access and training for the DAML Software Development Kit (SDK), a suite of tools to accelerate application development. Digital Asset has already trained more than 100 developers at partner and client organizations that participated in the beta phase of the developer program. Registration opens today at www.daml.com for organizations interested in downloading the DAML SDK Developer Preview.

DAML is a uniquely powerful, intuitive smart contract language specifically designed for use in distributed ledger applications that align financial business processes between organizations. Relative to other languages, its design reduces the risk of developer automation errors and guarantees the integrity and confidentiality of a shared, trusted record of value transfer.

DTCC chief technology architect Rob Palatnick said: “DAML is an excellent tool for modeling inter-company workflows and capturing rights and obligations accurately.

“It provides the necessary capabilities to construct smart contracts in a very clean way.”

The DAML SDK includes the same integrated set of developer tools used by Digital Asset’s engineers to build a replacement for CHESS, the ASX post-trade clearing and settlement system for cash equities, the first large-scale replacement of a mission-critical market infrastructure system to use DLT.

ASX Deputy CEO Peter Hiom said: “ASX welcomes today’s announcement and is proud to be part of this broader developer community. We will be helping our customers and their vendors use the DAML SDK to build their own applications on ASX’s implementation of the Digital Asset Platform that will replace CHESS.

“This is an important step to realize the benefitsof DLT by stimulating greater innovation, improving operational efficiency, and making life easier for our customers.”

Digital Asset CEO Blythe Masters said: “Our clients and partners can now independently build applications for the Digital Asset Platform. DAML is the only smart contract language tested at the scale needed for a national market infrastructure replacement project.

“By opening access to a wider range of participants we are extending the application ecosystem around the Digital Asset Platform and empowering our customers to innovate.”

Accenture, GFT, and IntellectEU are valued early partners in building Digital Asset’s ecosystem around DAML. The developer program enables them to deliver value to clients globally and reduce the time needed to bring new applications to production. Executives from partner firms commented on the value of their participation in Digital Asset’s developer program:

Accenture managing director and blockchain practice global head David Treat said: “Accenture has made a significant investment in developing the talent and range of specialized services needed to deliver client applications working closely with Digital Asset and leveraging its modeling language and software development tools.”

GFT Strategy Head Richard Miller said: “The Digital Asset Platform and DAML offer unique benefits to our clients and enable GFT to bring distributed ledger solutions from prototype to production in a shorter time frame.”

At the Synchronize conference today in New York, GFT will showcase its prototype RFQ application for OTC derivatives, which was built using the DAML SDK.

IntellectEU CEO Hanna Zubko said: “Working with DAML has allowed our developers to build applications quickly and easily without having to worry about the underlying complexity of the distributed system, manually manage data segmentation, or rely on cryptography for privacy.

“By partnering with Digital Asset, we at IntellectEU can serve our clients faster utilizing secure smart contracts.”

Source: Company Press Release