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China’s Blockchain Service Network to support DAML smart contract language – a report by Sahil Kohli

Chinese cryptocurrency investors say they are continuing to trade their crypto assets on overseas platforms as big exchanges
Chinese cryptocurrency investors say they are continuing to trade their crypto assets on overseas platforms as big exchanges end yuan support.

The Blockchain Services Network (BSN), the largest blockchain infrastructure initiative in China, now has a unified smart contract programming language. Red Date Technology, a major tech company, involved in the BSN’s development, will add support for DAML, which is a smart contract language developed by American blockchain startup Digital Asset. The companies’ executives announced this month that DAML will now be the “exclusive standard” for developing decentralized applications on top of the BSN. The integration would enable the interoperability of DApps regardless of the implemented blockchain network.

Red Date Technology plans to complete the first DAML pilot on the BSN.

According to the official announcement, Red Date Technology and Digital Asset are planning to complete the first DAML pilot on the BSN by November this year. The pilot project will involve deploying a DAML application interoperating two blockchains; IBM’s Hyperledger Fabric and WeBank’s FISCO BCOS. The application will further be integrated into the core Chinese BSN architecture, the firms’ representatives noted. Following the pilot, general availability for developers building with DAML on BSN is anticipated next year, reported Sahil Kohli.

“Connecting global blockchain platforms is a “key to global adoption.”

Red Date Technology CEO Yifan He said that DAML will now act as the BSN’s exclusive smart contract language. He said, by selecting DAML as the exclusive smart contract language of the BSN itself, the developers will gain the choice of using one unifying smart contract language seamlessly and interoperable across every blockchain. And the Digital Asset co-founder and CEO Yuval Rooz emphasized that connecting global blockchain platforms is a “key to global adoption.”

He noted that there are multiple blockchain platforms available and more coming to market, and BSN already has incredible traction with more than 130 nodes in production across China. “By integrating with DAML, the BSN will have one unified language for applications and a cutting-edge interoperability protocol,” he added.

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