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What Is Dragonchain ?

DRAGONCHAIN

Dragonchain is an open source business platform that simplifies complex business applications and integrates them into a blockchain. Dragonchain was the brainchild of Disney and later handed over to Dragonchain Foundation. .Dragonchain was first known as Disney Private Blockchain Platform.

Since its associated with Disney, one would have expected entertainment-related applications, but far from it according to the founder, Joe Roets, it’s open to all types of businesses that desire ease of use. Users have 100% control of all their data.

The token symbol is “DRGN”, used for all business transactions in Dragonchain blockchain.

Unique Features of Dragonchain

  • Dragonchain is known for its’ scalability platform on which it was built. It’s server-less with protective features.
  • Developers have access to critical resources, marketplace, pre-built vendors etc.
  • Smart Contract features and Sensitive Business logic are kept proprietary.
  • Privacy: Dragonchain brings to users and blockchain resources
  • Coding is Flexible and user-friendly in GUI. Python is the most used code for ,
  • High currency implementations and Agnosticism
  • Business data and operations are secure.

Dragonchain is different based on the following:

  • It supports multiple currencies
  • Smart Contract enjoys limited exposure
  • Business has their own chain courtesy of Dragonchain’ hybrid system.
  • Multi-language support for smart contract interactivity
  • Dragonchain has its ‘own incubator and marketplace

THE TEAM

Dragonchain ’team is made of seasoned professionals across all human endeavors led by Joe Roets who is the founder and the Chief Executive Officer. Other team members’ names are not available as of the time of writing this report.

PRACTICAL USES OF DRAGONCHAIN

  • Dragonchain technology is being used for voting systems
  • Its’ system supports ticketing
  • Dragonchain blockchain is used for reporting and auditing.
  • Its’ technology is a good payment platform that is fast and reliable.
  • Its’ blockchain has generic crypto-store
  • You can pay-for-performance systems using smart contracts.
  • It has Intellectual Property marketplace,
  • Dragonchain has computing and storage framework
  • It has good identity systems

 

MINING

The dragonchain token cannot be mined, it runs on the ethereum platform. One can mine ethereum, use the ethereum tokens to exchange for DRGN(Dragonchain tokens).

Dragonchain is considering adding sidechains which can be mined.

 

 

NOTES FOR INVESTORS

Dragonchain concluded their initial Coin offering last November 2018 and they did not meet the funding goal. Currently, the price of DRGN in the parallel market is $1.18 USD and its’ market capitalization is $280,427,117 USD and the total volume of coins supplied so far is 433,494,437 DRGN

.The cryptocurrency market is unpredictable, the coins, one feels to be value-less do turn-out to be a good investment later. The sudden rise of DRGB from less than a dollar to above one dollar is a confirmation that, DRGN might be a currency to watch-out.

DISCLAIMER!

This REPORT should not be seen as an endorsement to invest— this is simply an expression of the views of the writer. Please seek to advise before throwing your hat into the ring.