Dragonchain, Originally Developed at Disney, Announces October 2nd Token Sale To Bring The Power Of Blockchain Technology To Business

- Dragonchain is a hybrid blockchain platform for business - No blockchain expertise is required - A scalable solution hosted on the cloud with an ecosystem powered by Dragons - a tokenized micro-license - Protection of business data is built into the platform as a “spectrum of trust”

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Dragonchain, the open-source Blockchain platform, originally developed at Disney, today announces its Initial Coin Offering (ICO) to bring the power of Blockchain technology to business applications with a secure, serverless, scalable platform running in the cloud.

The tokens issued in the ICO, Dragons, will provide access to platform services, project incubation, and professional services to support start-ups and entrepreneurs building applications on the platform.

Dragonchain provides a commercial platform for application developers to rapidly and securely deploy Blockchain applications using established programming languages (Java, Python, Node, C#), resulting in a significant cost and go-to-market advantage. The Dragonchain architecture is designed to allow nodes to handle approval of transactions based on 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.

Dragonchain was originally developed at Disney’s Seattle office between 2015 and 2016 under the name “Disney Private Blockchain Platform”. The project was open-sourced by Disney in October 2016 and is now maintained by the Dragonchain Foundation.

“When we created Dragonchain, we wanted to build an easy-to-use hybrid Blockchain platform that has all the benefits of immutable proof on the public Blockchain, in a flexible business-focused package.” said Joe Roets, Founder and CEO of Dragonchain, Inc. “Unlike existing platforms, with Dragonchain you retain complete control of your data. Sensitive business logic and smart contract functionality is kept proprietary.”

Dragonchain simplifies the process of integrating Blockchain functionality into business applications. It addresses a number of the key security concerns when building smart contract applications on other platforms, because businesses retain complete control of their sensitive business data and proprietary business logic.

Innovating on existing public Blockchain implementations, the hybrid Blockchain introduces context-based verification. This method offers five levels of verification from basic transaction verification up to public Blockchain verification on Bitcoin or Ethereum to provide independent witness or “proof of existence”.

The benefit is that applications can achieve consensus in stages, from a private trusted context up to a trustless public Blockchain. “We call it a spectrum of trust.” said Roets. The public Blockchain provides publicly verifiable checkpoints, even for private implementations.

This results in a very flexible method of implementing business-focused systems. The platform is designed such that traditional software engineers can easily and quickly build secure smart contracts into their applications with no prior experience with Blockchain technology or platforms.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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