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Monday, October 18, 2021
Home News Disney Releases Blockchain Platform ‘Dragonchain’

Disney Releases Blockchain Platform ‘Dragonchain’

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. 

 

Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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