Humankind is standing on the brink of another industrial revolution. Few technologies which are going to play a vital role in this are IoT, Artificial Intelligence, Blockchain, and some more. This blog contemplates more on Blockchain-based language i.e. DAML. So let’s get started.

Why Blockchain?

WEB 2.0 gave usage of information and blockchain grants digital ownership. So let’s take a basic example to understand more about Blockchain.

Suppose there is a cake delivering an online platform that passes your order to your nearest bakery once an order is placed and a successful payment is done. Here, the user is dependent on the intermediary platform and its services for the order and processing. And in the cases of wrong/missed items delivery, the user has to go through a complex procedure to get a refund.

The blockchain network has no central authority, it is the very definition of a decentralized system. Since it is a shared and immutable ledger, the information in it is open for anyone and everyone to see. Thus, anything built on the blockchain is transparent and everyone involved is accountable for their actions.

A smart contract in the blockchain is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. They are immutable, which makes them very secure.

Using blockchain in our above example, we can design the smart contract to not credit the payment for cake, until the bakery delivers. And if they don’t, the amount gets credited back to the user’s account without any complex procedure.

How to Achieve it With DAML

DAML seems to be a promising technology to achieve the excellence of Blockchain and it’s an open-source programming language used to write distributed applications quickly, concisely, and correctly. Notably, the design of the system is in a way that machines and humans can understand the information included in the contract.

What makes DAML better from other languages namely Solidity, AML, BOScoin, and many more that the contract is of private type because shortcoming of public type is that every node on the platform can view data that is present in smart contracts which prevents the complete adoption of enterprise blockchain.

Now, What?

Let’s start by setting up the environment:

Install Dependencies

• You can refer here to download dependencies and to install SDK.

Setup Visual Studio

• Create new DAML project

    daml new PROJECTNAME

• To open the project in Visual Studio. Navigate to Project folder and run:-

    daml studio

• Make sure DAML studio extension is installed:-
  • Click on the Extensions icon at the bottom of the VS Code sidebar.
  • Click on the DAML Studio extension that should be listed on the pane.

DAML Module

• Create a new file in Visual Studio and save it by name as 
  Test.daml
• At the start of a new file write “module ANY-NAME where” because every .daml file is treated as a module.

Templates

The template is a well-defined and straightforward structure, which contains both the data model and parameters of the Contract. It includes setting such as signatories (who authorize actions on Contract).

module Token where 
template Token 
with   
     owner : Party 
     amount : Int
where    
     signatory owner

Template Name

template Token

The name of the Template is preceded by template the keyword. Here, we are trying to build a Token template where the user can set an amount for transactions.

Template Parameters

with   
owner : Party 
amount : Int

Under with keyword the parameters are in the form of the record type.

Signatory

where    
signatory owner

Signatories are the parties that must consent to the creation of an instance of this contract. They are the parties who would be put into an obligable position when this contract is created.

Scenarios

A Scenarios is like a recipe for a test, where you can script different parties submitting a series of transactions, to check that your templates behave as you’d expect.

• Now to verify everything is working fine, create a scenario to test the template.

token_test_1 = scenario do
alice <- getParty "Alice"
submit alice do
create Token with owner = alice

Scenario Declaration

token_test_1 = scenario do

The scenario is a top-level variable and introduced using scenario do that begins the block.

Party Initialization

alice <- getParty "Alice"

The function getParty initializes the party with the name “Alice” who is the owner of the token.

Scenario Defined

submit alice do
create Token with owner = alice

You can submit your first transaction to Ledger by using submit a keyword. The submit keyword takes two arguments party and Update.

Update is a recipe for the transaction. create Token with owner = alice is an Update, which translates to the transaction creating a Token with the owner Alice.

Running Scenarios in DAML studio

• Click on  Scenario results that appear at the top corner.

• The scenario results will look like below,

And that’s how you set up your first DAML based template. You can explore more about DAML from here.