The DAML smart contract programming language was developed by Digital Asset, an American blockchain startup.
China’s largest Blockchain infrastructure initiative, also known as the Blockchain Services Network (BSN), has announced its choice of a unified Smart Contract programming language, dubbed 'Digital Asset Modeling Language', or DAML. The language was developed by Digital Asset, an American blockchain startup.
Support for DAML will be integrated into Red Date Technology, a large tech company that was also involved in the development of the smart contract programming language.
Earlier this year, Bloomberg also described Red Date as the company at “the heart of China's first state-backed blockchain initiative, envisioned as a one-stop hub for developers to build decentralized applications (dapps) for everything from money transactions to drug-delivery tracing.”
DAML Will Enable the Creation and Implementation of Interoperable Decentralized Applications, or 'dApps'
Therefore, DAML will play a very important role in the future of China’s blockchain infrastructure: according to CoinTelegraph, Red Date announced on September 14th that DAML will henceforth be the 'exclusive standard' for developing decentralized applications, or DApps, on top of the BSN.
The decision to adopt a unified language will enable the interoperability of decentralized applications built on the BSN; developers will only have to write their applications in a single language.
Red Date Technology CEO, Yifan He said in a statement that “by selecting DAML as the exclusive smart contract language of the BSN itself, our developers will gain the choice of using one unifying smart contract language seamlessly and interoperably across every blockchain.”
The development of the first DAML-based project on the BSN network is already underway. Red Date Technology and Digital Asset are aiming to complete this project by the end of November; the pilot will involve the deployment of a DAML-based app that will operate on both IBM’s Hyperledger Fabric and WeBank’s FISCO BCOS.
Large-scale blockchain adoption in China could eventually pave the way toward blockchain adoption globally. Digital Asset co-founder and CEO, Yuval Rooz said that indeed, building infrastructure that is capable of connecting across blockchains is “key to global adoption.”
“There are multiple blockchain platforms available and more coming to market,” he said. “[...] BSN already has incredible traction with more than 130 nodes in production across China. By integrating with DAML, the BSN will have one unified language for applications and a cutting-edge interoperability protocol to further enable this vision.”
China’s largest Blockchain infrastructure initiative, also known as the Blockchain Services Network (BSN), has announced its choice of a unified Smart Contract programming language, dubbed 'Digital Asset Modeling Language', or DAML. The language was developed by Digital Asset, an American blockchain startup.
Support for DAML will be integrated into Red Date Technology, a large tech company that was also involved in the development of the smart contract programming language.
Earlier this year, Bloomberg also described Red Date as the company at “the heart of China's first state-backed blockchain initiative, envisioned as a one-stop hub for developers to build decentralized applications (dapps) for everything from money transactions to drug-delivery tracing.”
DAML Will Enable the Creation and Implementation of Interoperable Decentralized Applications, or 'dApps'
Therefore, DAML will play a very important role in the future of China’s blockchain infrastructure: according to CoinTelegraph, Red Date announced on September 14th that DAML will henceforth be the 'exclusive standard' for developing decentralized applications, or DApps, on top of the BSN.
The decision to adopt a unified language will enable the interoperability of decentralized applications built on the BSN; developers will only have to write their applications in a single language.
Red Date Technology CEO, Yifan He said in a statement that “by selecting DAML as the exclusive smart contract language of the BSN itself, our developers will gain the choice of using one unifying smart contract language seamlessly and interoperably across every blockchain.”
The development of the first DAML-based project on the BSN network is already underway. Red Date Technology and Digital Asset are aiming to complete this project by the end of November; the pilot will involve the deployment of a DAML-based app that will operate on both IBM’s Hyperledger Fabric and WeBank’s FISCO BCOS.
Large-scale blockchain adoption in China could eventually pave the way toward blockchain adoption globally. Digital Asset co-founder and CEO, Yuval Rooz said that indeed, building infrastructure that is capable of connecting across blockchains is “key to global adoption.”
“There are multiple blockchain platforms available and more coming to market,” he said. “[...] BSN already has incredible traction with more than 130 nodes in production across China. By integrating with DAML, the BSN will have one unified language for applications and a cutting-edge interoperability protocol to further enable this vision.”
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Bankrupt FTX Plans to Pay Nearly All Customers 118% of Their Claims
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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