Joe Roets, founder and CEO of Dragonchain, Inc., said: “When we created Dragonchain, we wanted to build an easy-to-use hybrid blockchain platform with all the benefits of immutable proof on the public blockchain, in a flexible business-focused package. Most importantly, we wanted to build a platform that is secure and easy to implement.”
“Unlike existing platforms, with Dragonchain you retain complete control of your data. Sensitive business logic and smart contract functionality is kept proprietary. Dragonchain enables applications to leverage a spectrum of trust through multi-level contextual verification,” he said.
Since developing the solution in its Seattle office in 2015, Disney has used the platform for a range of purposes, such as its own theme park ticketing, with the aim of reducing queues, and its loyalty programmes. It became open source in 2016 and is now being commercialised. Dragonchain will offer an incubator programme for start-ups as well as entrepreneurs building applications. An important feature of the platform is the ability to integrate blockchain functionality into existing business models simply. The company claims traditional software engineers will be able to build secure smart contracts into their applications with no prior experience of distributed ledger technology.
Dragonchain is a hybrid blockchain which means it can support different levels of verification, from a private trusted context right up to a trustlss public blockchain using an independent proof of existence like Bitcoin or Ethereum. Users will pay for access to the platform, services, software and incubator through Dragon tokens issued in the ICO.
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