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web3glossarydaml
DAML

Summary

DAML (Digital Asset Modeling Language) is a smart contract language designed for modeling digital assets and business processes in distributed systems.

Detailed Description

DAML is a high-level programming language that allows developers to define contracts and transactions for digital assets. It is designed to make it easier to create applications for blockchain and distributed ledger technology (DLT) environments. Unlike traditional programming languages, DAML abstracts many complexities involved in modeling state changes, making it easier for developers to focus on defining the logic of their applications. The language supports integration with various backends, including Hyperledger Fabric and Ethereum.

Category
Smart Contract Languages
Synonyms
Digital Asset Modeling Language

Impact Details

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Financial Services

DAML is utilized to automate financial transactions and manage contracts in a permissioned blockchain environment.

Industries:

Finance
Banking

Platforms:

Hyperledger Fabric
Daml Hub
Supply Chain Management

Businesses use DAML to manage and trace the lifecycle of goods with transparency and auditability.

Industries:

Logistics
Manufacturing

Platforms:

Ethereum
Corda
Healthcare Data Management

DAML can be leveraged to create secure and auditable health records while ensuring patient privacy.

Industries:

Healthcare
Pharmaceutical

Platforms:

Hyperledger Sawtooth
Daml Hub

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