What is Dragonchain?

Public blockchains may store sensitive business data on a public ledger, which is not ideal or an option for most enterprises. Real businesses with real customers require control over their sensitive data. The Dragonchain hybrid public-private blockchain solution allows the data to be seamlessly connected between the two system types. This allows users to selectively share portions of the data or business logic with a public blockchain, without risking the security of the private business data. The newest addition to products powered by Dragonchain is Eternal News Archive. With ENA’s L1 private blockchain, the news archiving service watches a journalist’s RSS feed for new articles.

It is the first level of the consensus process and takes place on a private, enterprise-level blockchain. These nodes are hosted by third parties that cryptographically sign data that emerges from level 3 nodes. The “Dragonchain Crowd Scaled Incubator” helps smaller projects to accelerate their growth through the use of its existing infrastructure.

The limitations of other blockchain solution providers

Even with all this flexibility and ease of onboarding, Dragonchain is happily still available to assist in implementation as we are still in the early stages of blockchain adoption. The path to mass adoption will take close partnerships to learn what challenges face business’s now and into the future. Dragonchain’s initial coin offering had no cap on contributions, which means contributors received the amount of tokens equal to their total percent contributed. Dragonchain did not actually meet its funding goal, but decided to continue work on the project. The Dragonchain platform’s goal of being the most convenient location on which to develop smart contracts shows in its distinguishing features.

Flexibility takes center stage as IT staff can appreciate the ease of using known languages and best practices when developing solutions. Instituting an Interchain™ solution becomes quite powerful as security, utility, and flexibility are harnessed in an infinitely scalable way. “It’s a must-have and absolutely valuable with respect to the adoption of all blockchain projects.

How does Dragonchain simplify smart contracts development for businesses?

Those records need to be accessible, in real-time, via the company’s existing network. The interoperability that Interchain™ provides allows the company to interface active data with legacy medical records. A smart contract connects stored medical records within the company’s network What is Dragonchain to their L1 private blockchain node. Each transaction flows through Dragon Net’s five levels of verification culminating on all interchained blockchains. The EHR company keeps the private patient data on their servers and decides what level of data to make accessible to the public.

A Level 4 node, in this context, is hosted by an external partner that will cryptographically sign all Level 3 verification records that it receives. The purpose of this notary layer is for Level 4 nodes to function as independent witnesses to Level 3 verifications. The fact is that the majority of these public blockchain initiatives are in a proof of concept phase and it is far too early to tell if they can be effective or not.

Context Based Verification

[19][20][21] A 5-episode docuseries around Dragonchain and the CEO Joe Roets, the token sale, and the blockchain and cryptocurrency industry as a whole, including American entrepreneur Brock Pierce. [22] Open Source Money is produced by Vision https://www.tokenexus.com/ Tree and funded with $1,000,000 in cryptocurrencies. Our consensus mechanism serves as a “blockchain of blockchains”, operating without the need of a Mainnet. We are currency-agnostic, so for adoption purposes we chose an ERC20 token.

With Dragonchain’s currency-agnostic design, users can make their own blockchain from scratch and operate on top of existing systems. The platform can plug and play with any blockchain or software with a marketplace of people (like AWS), providing services for clients’ chains and needs. Interchain™ is a combination of smart contracts that can watch a blockchain of the user’s choice for incoming transactions and fire smart contracts on Dragonchain or another public blockchain. This simple process redefines the use of blockchain technology, allowing users to conduct processing across blockchains. The Interchain™ system of interoperability is unique as it allows for flexibility and a more organic integration allowing an enterprise to retain its current software systems.

All You Need To Know About Dragonchain Blockchain Solutions

Dragonchain is a hybrid blockchain platform for enterprises and developers. It was originally developed at The Walt Disney Company in Seattle in 2014 and then open-sourced in 2016. Despite extensive speculation, there is no current relationship between Disney and Dragonchain. The commercial blockchain platform is maintained by the commercial entity named The Dragon Company. Dragonchain is a public/private hybrid blockchain platform that allows integration with other blockchain protocols, legacy systems, oracles, and API’s. Developers can use existing smart contracts from the library or write their own smart contracts to build (decentralized) blockchain applications in known languages.