The Walt Disney Company has long pioneered animatronics to digital animation, as well as emerging technologies. And blockchain technology is no exception.
Dragonchain was originally developed by Disney as the "Disney Private Blockchain Platform".
After being taken over by the non-profit organization Dragonchain Foundation as an open source project. Dragonchain is launching its tokensale. Dragonchain approach on its tokensale by distributing all tokens equally to all investors based on their relative contribution.
Initially, Dragonchain accepts both Bitcoin and Ether. A total of 433,494,437 Dragons were created and distributed between 2nd of October and 2nd of November 2017.
Dragonchain simplifies the integration of business applications to blockchain technology, and provides features such as easy integration, protection of business data and operations, currency agnosticism, and multi-currency support.
According to Dragonchain, existing platforms restrict the creation of truly secure and scalable blockchain applications in real world business use cases. For that reason, the Dragonchain platform provides companies with a scalable blockchain infrastructure to protect their data and smart contracts.
Here, Dragonchain represents an ecosystem for sharing and monetization of smart contracts. Initially, the platform is agnostic, which means that the project is working on a serverless architecture blockchain platform and an incubator.
According to Dragonchain founder and CEO Joe Roets when illustrating the complexities of the technology:
Cloud computing has been constantly growing over the last few years and blockchain technology keeps growing,
And here, Dragonchain is building products to make the technology more accessible to less tech-savvy businesses in a way that protects their most important data.
The Dragonchain architecture provides five standardized levels of consensus to provide trust to consumers of data. As the verification level increases for each level, security increases, risk decreases, and measure of risk becomes possible. Varying levels of consensus verification may be necessary before a partner or foreign node is accepted on certain cases.