Smart contract language: the real arbiter of truth?

Digital Asset
Jul 31, 2018 · 11 min read

DAML provides an immutable evidentiary audit trail of DLT contract execution

In this blog series, the value of evidentiary, or audit ‘trails’ that record the results of contract execution has been voiced a couple of times: first from Simon and Neil in their blog entry What properties must an Enterprise smart contract language have? (“For a contract to be enforceable … a tamper-proof trail of evidence showing that agreements were entered into voluntarily by all of the contract’s stakeholders [must be preserved]”), then Ben and Edward in A new language for a new paradigm: smart contracts (“the very execution of a DAML program also creates a structured, human understandable audit trail that explains exactly why each action was performed”).

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  • Direct access to particular views of ledger data can simplify reporting requirements for market operators, participants, and regulators by eliminating the need to establish data warehouses
  • The availability of uniformly clean and structured data can open the door for machine learning to continuously scan for trends

About the author

Sören Bleikertz, Ph.D, Senior Software Engineer — Platform Engineering, Digital Asset.

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