Lambda World 2019 - Functional Smart Contracts - Manuel Chakravarty

In this Lambda World 2019 presentation, Manuel Chakravarty shows how blockchains are a well-suited application area for functional programming techniques. Full Presentation Description: Functional programming and blockchains are a match made in heaven! The immutable and reproducible nature of distributed ledgers is mirrored in the semantic foundation of functional programming. Moreover, the concurrent and distributed operation calls for a programming model that carefully controls shared mutable state and side effects. Finally, the high financial stakes often associated with blockchains suggest the need for high assurance software and formal methods. Nevertheless, most existing blockchains favour an object-oriented, imperative approach in both their implementation as well as in the contract programming layer that provides user-defined custom functionality on top of the basic ledger. On the one hand, this might appear surprising, given that it is widely understood that this style of programming is particular