The future for blockchain is bright and it’s integrated! Part 2
Efficient & multi-platform blockchain is now here!
As I mentioned in yesterday’s post, in my opinion this latest Digital Asset announcement is the first building block that enables the use of DAML and (crucially) DAML runtime as an interoperability layer between platforms. You can switch and choose the platform as you wish, but your carefully crafted, tried and tested DAML code will not have to change. This potentially will make switching platforms easier, and facilitate the ability to work efficiently on multi-platform projects.
This in turn should have a positive impact on the cost of development when thinking about migrating to a new platform or working on a multi-platform project. DAML code will no longer have to be re-written for individual platforms (or worst, such as changing smart contract languages altogether), so there is a large saving in the amount of time and effort it requires to take on such tasks.
It is worth noting that this is a different approach than that of ‘traditional’ interoperability solutions. Solutions such as Interledger and Polka Dot do not have their own smart contracts language, as their focus is providing adaptable interoperability; defining new smart contract languages or enhancing existing smart contract languages is not their business. The integration of DAML and the DAML runtime engine not only provide the glue between platforms, but also allow you to use Digital Asset’s award winning smart contract language for defining workflows between network participants.
This move indicates a sea change in the way that people think about and use DAML. Businesses can potentially make huge savings on code refactoring when thinking about platform migration or running distributed multi-platform solutions. As with the news regarding the ‘open-sourcing’ of their tech stack, integrating with the VMWare SaaS platform will drive adoption of DAML by providing wider access to a completely new set of users.
And with the suggestion in the Digital Asset blog that they are looking at potentially more platform integrations (VMWare being the first of many), it will be interesting to see what may be next in their integration pipeline.
In my opinion, all of this can only be good news for Digital Asset, DAML, VMware, and blockchain as a whole, where a plethora of disparate platforms point to a need for standards and interoperability. Against this background, Digital Asset are re-inventing themselves in an intelligent manner and trailblazing a path for platform-inclusive, future-proof and extendible workflow automation.
Exciting times lay ahead for Digital Asset, DAML and the blockchain and DLT communities!
Watch this space!