Published on Feb 21, 2020
Dragonchain was originally developed at Disney’s Seattle office in 2015 and 2016 as the Disney Private Blockchain Platform. Over 20 use cases and applications were explored and documented 1 publicly via the W3C Blockchain Community Group . The platform was later released as open 2 source software under the Apache 2 license in October of 2016. Dragonchain simplifies the integration of real business applications onto a blockchain and provides features such as easy integration, protection of business data and operations, currency agnosticism, and multi-currency support. The Dragonchain Foundation, a Non-Profit Corporation was created in January of 2017 to maintain ownership and responsibility of the open source code. The Dragonchain team is now in the process of launching a commercial entity to build a serverless architecture blockchain platform, and an incubator. The combination of serverless and blockchain technologies is unique and tremendously valuable. The timing of the Dragonchain platform launch is highly strategic to benefit from explosive growth of cloud computing over the last few years and the emerging wave of Blockchain solutions entering proof of concept stage across enterprises.
Dragonchain provides a commercial platform for application developers to rapidly and securely deploy Blockchain applications while maintaining existing language development environments (e.g. Java, Python, Node, C#, Go); a tremendous costing and speed to market advantage. The Dragonchain architecture is also designed to allow nodes to handle approval of transactions based upon five levels of network consensus to provide a spectrum of trust to data consumers; a level of security and flexibility unseen in the market by current blockchain solution providers. These design attributes position Dragonchain for exponential growth.
● Serverless system and smart contracts
● Established language support for smart contracts (Java, Python, Node, C#, Go, etc.)
● Scalable - Amazon AWS and Google deployments
● Secure - Protection of business data and operations
● Advanced currency implementations
● Smart contract libraries
● Currency Agnostic
Dragonchain will provide project incubation as well as professional services with strategicpar tnerships to develop successful tokenization ecosystems focusing on long term value. This includes;
● Standard processes for the incubation of blockchain startups and new integrations
● Marketplace dashboard for community engagement to monitor and compare projects
● Direct access to legal, technical, marketing, and economic subject matter experts as partners for advice and support
● Dragonchain platform team to model digital economics aligned with token model; business design, user acquisition and retention, lifetime value, creation of network effects, monetization models, data strategy, and KPI’s.
● Expedited launch cycles
● Sustainable token marketplaces
Dragon tokens (AKA Dragons) represent a tokenized license for interaction with Dragonchain commercial platform services. The tokens will be issued and provided to the public via an open sale in 2017
Dragons will be used by developers and organizations to interact with the Dragonchain commercial platform products and services (e.g. launch nodes, provision smart contracts, access incubator dashboard, etc.). As a tokenized license with value in utility service rights, the tokens will further allow individuals or organization to be rewarded in an open market for running public or private nodes for network consensus. Dragons will also be used to support projects in the DragonFund Incubator. They will provide early access to technology and data from the projects, as well as allow first access to purchase tokens for use on the developed platforms. For the Dragonchain Foundation, the maintainer of the Dragonchain open source code, Dragons will be used to reward and incentivize developers contributing to the open source project and related projects. The tokens will be used to increase adoption in the developer community with rewards and training. Community members will be able to contribute on issues and designs, and reward active participation in the development of important functionality anywhere in the world.
