Distributed ledger technology firm Digital Asset is open sourcing its DAML smart contract language, opening it up to the developer community.
The DAML (Digital Asset Modelling Language) source code, runtime system and software development kit is now all freely available under an Apache 2.0 open source license, enabling third parties to modify it and integrate it with other platforms.
The long-planned move sees Digital Asset follow the path of R3, which made its closed Corda platform open source, building up a community of developers. DA chief marketing officer Dan O'Prey tells CoinDesk that the firm is particularly keen to form ties with the Hyperledger community.
Shaul Kfir, CTO, Digital Asset, says: “There are multiple blockchain platforms, each designed for different needs. DAML is the most suitable language to rapidly write secure distributed applications regardless of the platform.
“By open sourcing DAML, our goal is to enable rapid innovation across the industry by allowing users to focus on developing value for their business and leveraging a variety of deployment options.”
Digital Asset has scored deals with SIX Swiss Exchange and the Australian Securities Exchange for its technology but has seen a slew of execs depart since high-profile CEO Blythe Masters left late last year.