Disney Releases Blockchain Platform ‘Dragonchain’

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An internal team at Disney has recently released Dragonchain,  a distributed crypto-ledger framework protocol – with a modified Apache 2 open source license. Dragonchain  makes it easy to create cost-efficient business networks where virtually anything of value can be tracked and traded—without requiring a central point of control.

The Dragonchain document explains:

In this architecture, “proof” will be abstracted and may be implemented in one or more ways for a given blockchain. For some uses, one may desire to use a trust based system, for instance, in a fully private blockchain system. One may also find value in a hybrid proof configuration that would see trust applied alongside limited Proof of Work to add additional security against attack.

The technology, created by a small team at Disney developed the Blockchain platform internally in 2016,  works as an electronic record-keeping and transaction-processing system that allows all parties to track information through a secure network focusing on interoperability, scalability, performance and security.

Dragonchain provides support for a smart contract language within a hybrid permissioned and public ledger network using a unique consensus algorithm with context based verification.

There have been no plans announced yet whether Disney will use it for their own products or within their organisation anytime soon. But they have done what many others have not, build a prototype that appears to work. 

 

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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