“Trust but verify” is a valuable DLT model — does your language support it?

DAML enables reconciliation-free, post-commit DLT verification In The only valid DLT contract is a voluntary one — easier said than done, Martin and Jost delivered a very thorough explanation of how Digital Asset’s contract modeling language, DAML, provides native support for modeling the rights and obligations of parties to an …

The only valid smart contract is a voluntary one — easier said than done

DAML models, tracks, and enforces smart contract rights and obligations In What properties must an enterprise smart contract language have?, Simon and Neil defined several properties that “a smart contract language must enable for it to be acceptable for automating financial workflows.” The first of these specified that “for the …

A new language for a new paradigm: smart contracts

DAML — a language purpose-built for the exchange of value In Distributed Ledgers need more than traditional design patterns, Shaul asserted that because Distributed Ledger Technology (DLT) is a fundamentally new paradigm for operating applications that span multiple untrusted actors, programming languages used to build applications for …

What properties must an enterprise smart contract language have?

When it comes to DLT contract languages you must choose, but choose wisely In our previous article Distributed ledgers need more than traditional application design patterns, Shaul pointed out that most DLT vendors deliberately choose to “pair their ledgers with programming languages that are general-purpose and familiar in an effort to …

Distributed ledgers need more than traditional application design patterns

The role of language in DLT-based financial markets Modern society depends on the secure transfer of value in nearly every aspect of life — from transfers of stock, bonds, or cash on the books of financial markets to the consumption of digital content for a fee. Despite the pervasiveness of financial transactions and decades of …