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#REDIRECT [[Digital Asset Holdings#Digital Asset Modeling Language]] {{R from merge}} {{R to section}}
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{{Infobox programming language
| name = Digital Asset Modeling Language ("DAML")
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| developer = [[Digital Asset Holdings]]
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| latest release version = 2019
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| license = [[Open-source software|Open-source]]
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| website = {{url|https://daml.com/}}
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'''Digital Asset Modeling Language''' ("DAML") is an [[Open-source software|Open-source]] [[programming language]] designed for writing distributed applications. <ref>Ben Jessel,{{cite news|title=Digital Asset Steps Up A Gear In Enterprise Blockchai|url=https://www.forbes.com/sites/benjessel/2020/02/19/digital-asset-steps-up-a-gear-in-enterprise-blockchain/#32850fd87f9a|accessdate=20 February 2020|publisher=forbes.com|date=19 February 2020}}</ref> It serves as a [[computer language]] that aids in modeling agreements between financial institutions and/or individuals and it runs on the leading [[blockchain]] platforms.<ref>Nicky Morris,{{cite news|title=Digital Asset open sources smart contracting language DAML for use on other blockchains|url=https://www.ledgerinsights.com/enterprise-blockchain-dlt-digital-asset-daml-smart-contract/|accessdate=20 February 2020|publisher=ledgerinsights.com |date=}}</ref><ref>Michael del Castillo and Matt Schifrin,{{cite news|title=Blockchain 50|url=https://www.forbes.com/sites/michaeldelcastillo/2020/02/19/blockchain-50/#2e697c87553d|accessdate=20 February 2020|publisher=forbes.com |date=}}</ref>
==History==
Digital Asset Modeling Language (DAML) was developed by a technology firm called ''Elevence'' and was published by [[Digital Asset Holdings]] after it acquired Elevence in 2016.<ref>{{cite news|title=Digital Asset to Open Source Smart Contract Language|url=https://www.coindesk.com/digital-asset-open-source-smart-contract-language
|accessdate=20 February 2020|publisher=coindesk.com|date=23 August 2016}}</ref>
On April 4, 2019, Digital Asset Holdings released the Digital Asset Modeling Language and made it available under open source licensing.<ref>{{cite news|title=Update on Open-Sourcing Plans for Digital Asset Modeling Language (DAML)|url=https://hub.digitalasset.com/blog/update-on-open-sourcing-plans-for-digital-asset-modeling-language-daml|accessdate=20 February 2020|publisher=hub.digitalasset.com|date=}}</ref><ref>{{cite news|title=Digital Asset Open Sources its Smart Contract Language, DAML, to Enable Integration with Other Platforms|url=https://hub.digitalasset.com/press-release/digital-asset-open-sources-daml|accessdate=20 February 2020|publisher=hub.digitalasset.com|date=}}</ref>
In same April 2019, Digital Asset collaborated with the [[International Swaps and Derivatives Association]] ("ISDA") to support the ISDA common ___domain model's adoption by providing DAML as a smart contract language.<ref name="THE">Joe Parsons,{{cite news|title=Digital Asset partners with ISDA to support adoption of CDM
|url=https://www.thetradenews.com/digital-asset-partners-isda-support-adoption-cdm/|accessdate=20 February 2020|publisher=thetradenews.com|date=11 April 2019}}</ref> The collaboration was aimed at producing an open source library and reference app.<ref name="THE"/>
On April 11, 2019, Digital Asset partnered with [[VMware]] to deploy DAML in the first instance of compatibility with a third-party blockchain.<ref>{{cite news|title=DAML + VMware|url=https://medium.com/daml-driven/daml-vmware-fd18013632f7
|accessdate=20 February 2020|publisher=medium.com|date=}}</ref> Digital Asset also initiated the integration of DAML into [[Hyperledger]]'s Sawtooth on April 16, 2019.<ref>{{cite news|title=Digital Asset’s Smart Contract Language Now Works on Hyperledger Blockchains|url=https://www.coindesk.com/digital-assets-smart-contract-language-now-works-on-hyperledger-blockchains|accessdate=20 February 2020|publisher=coindesk.com|date=16 April 2019}}</ref><ref name="FOR">Hank Tucker,{{cite news|title=Digital Asset Integrates With Amazon, Hyperledger Fabric And R3 Corda|url=https://www.forbes.com/sites/hanktucker/2019/06/18/digital-asset-integrates-with-amazon-hyperledger-fabric-and-r3-corda/#52dd15b15790|accessdate=20 February 2020|publisher=forbes.com|date=18 June 2019}}</ref>This led to the first integration of DAML with one of Hyperledger consortium’s ledger platforms.<ref name="FOR"/>
==Operational model==
===Open source===
DAML runs as an open source platform that employs language-agnostic APIs and standard protocols making it easy to integrate with current technology stacks.<ref>Biser Dimitrov,{{cite news|title=What Changed? Enterprise Blockchain Startups Are All Of A Sudden Cool|url=https://www.forbes.com/sites/biserdimitrov/2020/02/19/what-changed-enterprise-blockchain-startups-are-all-of-a-sudden-cool/#10f51d2c5df1|accessdate=20 February 2020|publisher=forbes.com|date=19 February 2020}}</ref>
===Working procedure===
DAML separates business logic from systems code, giving the user a lead way to model and execute the interactions at the heart of an enterprise.<ref>Swati Goyal,{{cite news|title=DAML- The open-source language for smart contracts originated by Digital Asset 0|url=https://101blockchains.com/daml/|accessdate=20 February 2020|publisher=forbes.com|date=12 May 2019}}</ref><ref>{{cite news|title=Introducing the Digital Asset Modeling Language: A Powerful Alternative to Smart Contracts for Financial Institutions|url=https://hub.digitalasset.com/blog/introducing-the-digital-asset-modeling-language-a-powerful-alternative-to-smart-contracts-for-financial-institutions|accessdate=20 February 2020|publisher=hub.digitalasset.com|date=}}</ref>
===Usage===
DAML was designed specifically for use in multi-party smart contracts. It is used for modelling multi-party business workflows on traditional databases or with enterprise-scale distributed ledger technology (DLT).<ref>Helen Partz,{{cite news|title=Blockchain Software Firm Digital Asset Open Sources its DAML Language|url=https://cointelegraph.com/news/blockchain-software-firm-digital-asset-open-sources-its-daml-language|accessdate=20 February 2020|publisher=hub.cointelegraph.com|date=4 April 2019}}</ref>
DAML can be used to solve complex business problems across internal and external business endeavors.<ref>{{cite news|title=DAML: The Contract Language of Distributed Ledgers
|url=https://queue.acm.org/detail.cfm?id=3357728|accessdate=20 February 2020|publisher=queue.acm.org|date=19 August 2019}}</ref>
==Benefits==
DAML gives the user the freedom to make selections based on current needs.<ref>{{cite news|title=everis broadens banking sector solutions with DAML, Digital Asset’s smart contract technology|url=https://www.everis.com/global/en/news/newsroom/everis-broadens-banking-sector-solutions-daml-digital-assets-smart-contract-technology|accessdate=20 February 2020|publisher=everis.com|date=29 April 2019}}</ref><ref>Carl T,{{cite news|title=Digital Asset Modelling Language (DAML) Goes Open Source as DA Firm Gets Closer to Hyperledger|url=https://bitcoinexchangeguide.com/digital-asset-modelling-language-daml-goes-open-source-as-da-firm-gets-closer-to-hyperledger/|accessdate=20 February 2020|publisher=bitcoinexchangeguide.com|date=4 April 2019}}</ref> It gives the user the room to explore, learn and test on a small scale, and at a suitable speed.<ref>Amanda Allen,{{cite news|title=What Is DAML|url=https://www.jumpstartblockchain.com/article/what-is-daml/|accessdate=20 February 2020|publisher=Jumpstartblockchain.com|date=29 July 2018}}</ref> Its built-in scenarios helps the user to visualize and test workflows in real time while offering instant feedback towards identifying errors and solving them.<ref>{{cite news|title=Digital Asset Modeling Language (DAML) Use Case Demo|url=https://opencrowd.com/daml-demo|accessdate=20 February 2020|publisher=opencrowd.com|date=}}</ref>
DAML also powers real life business solutions across a wide range of industries such as Capital markets, Healthcare, Supply Chain, Insurance and many more.<ref>{{cite news|title=Digital Asset open sources smart contract language|url=https://www.finextra.com/newsarticle/33643/digital-asset-open-sources-smart-contract-language|accessdate=20 February 2020|publisher=finextra.com|date=4 April 2019}}</ref>
==See also==
* [[Open-source software]]
* [[Programming language]]
* [[Digital asset]]
* [[Digital Asset Holdings]]
* [[Hyperledger]]
==References==
{{reflist|2}}
==External links==
* [https://digitalasset.com/ Digital Asset Holdings website]
[[Category:Programming languages]]
[[Category:Free and open-source software]]
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