In the September issue of Communications of the ACM, Camille Fournier, the head of platform development for a leading New York City hedge fund, sits down with Shaul Kfir, CTO and co-founder of Digital Asset, to discuss distributed-ledger technology (DLT) and DAML, the open source smart contract language developed by Digital Asset.
In the interview, "DAML: The Contract Language of Distributed Ledgers," Camille and Shaul discuss the value that distributed ledgers and DAML can provide to financial services firms and the market at large. They also cover how DAML has evolved since it was first introduced in 2016, the difference between blockchain and DLT platforms and the challenges of applying DLT to certain use cases.
Should we find ourselves in a world where every large enterprise is
part of one of these distributed networks that does mutualize infrastructure, then people would be able to iterate very quickly on these sorts of ideas. Basically, they would be able to propose new products and deploy them as smart contracts. - Shaul Kfir, co-founder and CTO of Digital Asset in DAML: The Contract Language of Distributed Ledgers