Dragonchain: Blockchain Token – What is it?


Estimated reading time: 1 minute, 26 seconds

This episode of Blockchain Token – What is it? covers DragonChain! In this series, we will cover the different types of blockchain platforms and cryptocurrencies on the market right now.  We’ll give you a quick description of each blockchain/token, its function, who is their competition and where you can learn more.

Originally developed at Disney’s Seattle office, Dragonchain is now an open-source project run by the non-profit Dragonchain Foundation. Dragonchain acts as a platform, an incubator, and an ecosystem for smart contracts.

The goal of Dragonchain is to make it easier to integrate business applications onto a blockchain,. The platform will allow use of popular programming languages like C#, Python and Java to make smart contracts. Dragonchain will also host a marketplace for pre-built smart contracts.

Some of its use cases include: payments platforms, ticketing systems, peer-to-peer financial derivatives, auditing, Intellectual Property marketplaces and many more.

Dragonchain nodes will have five levels of network consensus. Each level will provide more security and reduce risk. This will allow users flexibility based on their security needs.

This blockchain platform can be hosted on a server-less or micro services cloud platform allowing for easy scalability. There are plans to integrate with Amazon AWS, with other platforms like Google to follow.

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