TCR TOP STORIES

Dragonchain (DRGN)

Founded by Disney, Dragonchain is an enterprise-focused blockchain technology providing the solution for businesses looking to use blockchain platforms such as Ethereum but have a high need for anonymity. Companies such as Disney are worried about putting proprietary information on the public blockchain because with the way Ethereum is currently structured, the information will be available to everyone. Dragonchain can be described as a “turn-key” project; it was designed to make it easy for other organizations to build their own business applications on the Dragonchain platform. In addition, Dragonchain has an incubator which allows other organizations to launch blockchains and scale them with ICOs.

Though Disney dropped the project in 2016, lead developer Joe Roets has since left Disney and continued the project where Disney left off. They recently held an ICO in October 2017 where they raised nearly $43.5 million dollars worth of Ethereum and Bitcoin.

For more information on Dragonchain, see: “What is Dragonchain?“, and for detailed information on the Dragonchain technology see their whitepaper.

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