Dragonchain White Paper
Dragonchain, initially conceived and developed at Disney’s Seattle office during 2015 and 2016 under the moniker “Disney Private Blockchain Platform,” has evolved into a versatile blockchain ecosystem. With over 20 explored use cases and applications, many of which were publicly documented through the W3C Blockchain Community Group, Dragonchain has emerged as an open-source software solution, released under the Apache 2 license in October 2016.
The driving force behind Dragonchain is to simplify the integration of real-world business applications into the blockchain landscape. This entails a multifaceted approach, including facilitating seamless integration, safeguarding critical business data and operations, embracing currency agnosticism, and offering robust multi-currency support.
In January 2017, the Dragonchain Foundation was established as a Non-Profit Corporation. Its primary mandate was to maintain ownership and stewardship of the open-source code, ensuring that the project remains true to its foundational principles.
Presently, the Dragonchain team is diligently working towards the launch of a commercial entity. This entity’s objectives span the creation of a serverless architecture blockchain platform and the establishment of an incubator. The fusion of serverless and blockchain technologies is a unique and immensely valuable proposition. The strategic timing of the Dragonchain platform’s introduction aligns harmoniously with the explosive growth witnessed in cloud computing over recent years. Moreover, it coincides with the emergence of blockchain solutions that are transitioning from the conceptual phase to the proof of concept stage within the enterprise sector.
Introduction
The Genesis of Dragonchain:
Dragonchain traces its origins to the creative hub of Disney’s Seattle office, where it was conceived and developed between 2015 and 2016. Initially known as the “Disney Private Blockchain Platform,” this incubation period allowed Dragonchain to explore a plethora of real-world use cases and applications. Notably, many of these pioneering initiatives were publicly documented through the esteemed W3C Blockchain Community Group.
Open-Source Evolution:
The maturation of Dragonchain led to a significant decision – the release of its source code as open-source software. This momentous step, taken in October 2016, marked Dragonchain’s transition from an in-house project to a dynamic and collaborative ecosystem. Under the umbrella of the Apache 2 license, Dragonchain’s open-source journey officially commenced.
Key Features
Dragonchain’s Distinctive Attributes:
The Dragonchain platform is defined by a set of distinctive features that underscore its value proposition:
- Seamless Integration: Dragonchain excels in simplifying the intricate process of integrating real business applications into the blockchain. It serves as a bridge between conventional business operations and the innovative realm of blockchain technology.
- Protection of Business Data and Operations: Recognizing the critical importance of data security and operational integrity, Dragonchain incorporates robust mechanisms to safeguard these vital facets of business.
- Currency Agnosticism: Dragonchain transcends the limitations of single-currency platforms. It is inherently designed to support a diverse range of currencies, thus enhancing its adaptability to various business contexts.
- Multi-Currency Support: Beyond currency agnosticism, Dragonchain goes a step further by offering comprehensive multi-currency support. This feature further amplifies its utility in a globalized economy.
The Birth of the Dragonchain Foundation
Establishing a Stewardship Entity:
In January 2017, the Dragonchain Foundation emerged as a Non-Profit Corporation with a specific mission – to maintain ownership and responsibility for the open source code. This strategic move ensured that Dragonchain’s foundational principles remained intact while fostering a collaborative and community-driven approach to its development.
The Future Awaits: Serverless and Blockchain Convergence
Charting a Bold Path Forward:
Dragonchain is not content with merely being an open-source project; it aspires to reshape the blockchain landscape through innovation and practicality. The culmination of this vision is a forthcoming commercial entity that will spearhead transformative initiatives:
- Serverless Architecture Blockchain Platform: This pioneering endeavor seeks to combine the power of serverless computing with the resilience of blockchain technology. The synergy of these two paradigms promises unprecedented efficiency and scalability.
- Incubator: Recognizing the potential for groundbreaking blockchain innovations, Dragonchain aims to foster an environment conducive to creativity and growth. The incubator will serve as a nurturing ground for pioneering blockchain projects.
Strategic Timing for an Evolving Landscape
Seizing the Moment:
The timing of Dragonchain’s platform launch is strategic, capitalizing on two significant trends:
- Explosive Growth of Cloud Computing: In recent years, cloud computing has experienced exponential growth. Dragonchain’s fusion of blockchain and serverless technology aligns seamlessly with this transformative trend.
- Blockchain’s Enterprise Evolution: Enterprises across the globe are gradually transitioning from blockchain exploration to practical implementation. Dragonchain stands ready to provide the tools and infrastructure required to support this monumental shift.
In conclusion, Dragonchain’s journey, from its inception at Disney’s Seattle office to its emergence as an open-source blockchain ecosystem, exemplifies a commitment to innovation and collaboration. Its unique blend of features, focus on data protection, and embrace of multi-currency support make it a notable player in the blockchain arena. With the establishment of the Dragonchain Foundation and the impending launch of a commercial entity, Dragonchain is poised to leave an indelible mark on the serverless and blockchain landscape, offering boundless opportunities for innovation and growth.
