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Glossary>Programming Languages>Digital Asset Modeling Language (Daml)

Digital Asset Modeling Language (Daml)

Digital Asset Modeling Language (Daml) is a smart contract language designed for modeling and executing business workflows on distributed ledger technologies (DLTs). It enables developers to write contracts that automate complex multi-party business processes, ensuring data consistency and compliance across different systems.

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About Digital Asset Modeling Language (Daml)

Digital Asset Modeling Language (Daml) was created in 2016 by Digital Asset Holdings. It was developed to address the need for a high-level, domain-specific language capable of modeling and executing complex financial workflows on distributed ledger technologies. The goal was to improve efficiency, transparency, and compliance in multi-party business processes.

Strengths of Digital Asset Modeling Language (Daml) include its ability to handle complex multi-party workflows, strong data consistency, and ease of integration with various DLTs. Weaknesses may involve its learning curve for new users and dependency on the underlying DLT infrastructure. Competitors include Solidity, used primarily for Ethereum smart contracts, and Chaincode for Hyperledger Fabric.

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How to hire a Digital Asset Modeling Language (Daml) expert

A Digital Asset Modeling Language (Daml) expert must have skills in functional programming, understanding of distributed ledger technologies, proficiency in writing and debugging Daml smart contracts, familiarity with Daml's syntax and APIs, and experience with integrating Daml applications into existing IT infrastructure.

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