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Whitepaper

 

Background

  • Originally developed by Disney’s Seattle office in 2015 as the Disney Private Blockchain Platform

  • Dragonchain simplifies the integration of real business applications onto a blockchain and provides features such as easy integration, protection of business data and operations, currency agnosticism, and multi-currency support

 

Vision

  • Our vision supports areas of the market that are underserved with strong demand and projected growth in the blockchain industry ($7.7b by 2024) across an array of multi-billion dollar sectors such as Arts, Wine, Automotive, Legal, Digital Marketing, etc.

 

A turnkey blockchain platform for business

  • Tremendous costing and speed to market advantage

  • Five levels of network consensus

  • These design attributes position Dragonchain for exponential growth

    • Serverless system and smart contracts

    • Established language support for smart contracts (Java, Python, Node, C#, Go, etc.)

    • Scalable – Amazon AWS and Google deployments

    • Secure – Protection of business data and operations

    • Advanced currency implementations

    • Smart contract libraries

    • Currency Agnostic

  • Benefits

    • Lower development cost utilizing existing development languages

    • Faster speed to market

    • Significantly higher levels of security

    • Higher scalability

 

DragonFund Incubator

  • A standard process for the incubation of blockchain startups and new integrations

  • Marketplace dashboard for community engagement to monitor and compare projects

  • Direct access to legal, technical, marketing, and economic subject matter experts as partners for advice and support

  • Dragonchain platform team to model digital economics aligned with the token model; business design, user acquisition and retention, lifetime value, a creation of network effects, monetization models, data strategy, and KPI’s

  • Expedited launch cycles

  • Sustainable token marketplaces

 

Problem

  • Security on a blockchain platform

    • Associated with the public exposure of smart contract logic as necessary on most blockchain platforms

    • Risk of exposed data and business logic, as it is the equivalent of placing your operational system, all of your data, and a bounty of funds in the public domain

  • Skillset challenge

    • Leveraging blockchain technology for real business initiatives is expensive and very risky in an operational environment

    • Dragonchain solves this problem by allowing development and integration before the economic model is known

 

Solution & Business Focus

  • Goals

    • Protection of business data and processes

    • Ease of integration

    • Simplified Development

    • RESTful Interfaces

    • Simple Architecture

    • Short, Fixed Length Block Time

    • No Base Currency

    • Currency Agnostic with Multi-Currency Support

    • Interoperability with other Blockchains

    • Adoption of Standards

  • Five standardized levels of consensus

    • Business (Approval) Verification

      • Provides localized approval of transactions and operates primarily on a trust basis

    • Enterprise (Validation) Verification

      • Checks for block and individual transaction validity in form, signature, and required data elements

    • Network Diversity Verification

      • Verify diversity of validation verifications

    • External Partner (Notary) Verification

      • Provide a notary functionality to the consensus process

    • Public Checkpoint Verification

      • Provide a bridge to one or more public blockchains and allow clients to interact with them

  • Serverless Deployment

    • Initially launched on AWS and in the future Google App Engine

 

Dragon Tokens

  • Represent a tokenized license for interaction with Dragonchain commercial platform services

  • Utility

    • Will be used by developers and organizations to interact with the Dragonchain commercial platform products and services

    • Be sued to support projects in the DragonFund Incubator

    • Will be used to reward and incentivize developers contributing to the open source project and related projects

 

Roadmap

 

 

 

 

 

 

 

 

 

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Team

 

  • Joe Roets – CEO, Founder, Chief Architect, Chairman

    • Principal Blockchain Architect for Bloq Inc.

    • Sr. Software Architect for Walt Disney Company

    • Senior Technical Advisor at Overstock.com

    • Senior Software Systems Architect for Lockheed Martin

  • Ray Parker – Technical Program Manager

    • Data and AI consultant for Microsoft

    • Bachelors from Rensselaer Polytechnic Institute

  • Catherine Lenihan – CFO

    • Business support services director at Goldman Sachs

  • Brandon Kite – Lead Developer

    • Senior Software Engineer at Disney

    • Bachelors from University of Washington

  • Chin-One Chan – Marketing Manager, Asia

    • Market Researcher for Microsoft

    • Masters from University of Washington

 

Partners & Backers

 

  • Under Incubation

    • Look Lateral – Liquid Art – 4,800 twitter followers

    • LifeID – 3,000 twitter followers

    • ClevX

    • IAGON – 2,900 twitter followers

    • BioCryptTech – 1,000 twitter followers

    • Metropolis – 800 twitter followers

  • Alliance

    • Cogint, Inc. – 131 Million Market Cap

 

Articles

 

http://www.businessinsider.com/disney-blockchain-creators-build-commercial-platform-on-dragonchain-with-ico-2017-9

 

https://www.inc.com/brian-d-evans/disney-incubated-dragonchain-is-creating-a-magical-blockchain-platform-amp-ecosystem.html

 

https://www.huffingtonpost.com/entry/disneys-dragonchain-sends-3-powerful-messages-to-global_us_59e12cd6e4b09e31db9758e6

 

https://medium.com/iagon-official/iagon-joins-dragonchain-incubator-6bc929c9b1e1

 

https://www.businesswire.com/news/home/20180223005284/en/cogint-Subsidiary-Acquires-Minority-Interest-Dragonchain

 

https://www.reddit.com/r/dragonchain/comments/7qjqek/the_more_i_learn_about_dragonchain_them_more_i_am/

 

https://www.reddit.com/r/dragonchain/comments/7ku240/i_made_an_infographic_of_some_of_dragonchains/

 

https://medium.com/@dragonchain/whos-ready-to-ride-the-blockchain-wave-is-it-you-bc4844a1f59

 

https://medium.com/@dragonchain/securing-the-future-of-blockchain-b7e92bcc4bff

 

Videos

 

https://www.youtube.com/watch?v=UEogdXPaxeY

 

https://www.youtube.com/watch?v=iq0nEJ8Mc00

 

https://www.youtube.com/watch?v=HDf88Omur80

 

https://www.youtube.com/watch?v=OW2ABSjBm5U&feature=youtu.be

 

https://www.youtube.com/watch?v=EnzrYRNYCeY

 

https://www.youtube.com/watch?v=2nq3SJ0rTyg

 

https://www.youtube.com/watch?v=qLEQxxY7DhE

 

CoinCheckUp

 

 

 

 

 

 

 

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Conclusion

I would give Dragonchain a B+ rating. I think a project like this which is similar to Neblio is actually a good idea. They are planning on providing easy access to blockchain for all sort of businesses. Dragonchain also has an incubator which provides a lot of different legal and advisory resources to companies using Dragonchain. Currently, they have 6 projects as part of the incubator and over 200 applications through the process. Some of them might provide a cryptocurrency, and if they have to go through an application process it could be a good sign it’s a good project. Their CEO is pretty amazing, he worked for Disney and had been programming for nearly 20 years. However, the other parts of their team are very new to programming and most of them were only interns at Disney. And they don’t have any impressive partners other than the fact that it was sprouted from Disney. So I think that it is smart to own a little bit of this project but I would like to see a bigger partnership or more companies using the incubator before giving it an A+ rating.

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