Review on Dragonchain by Fabrizio Zampieri
Dragonchain was originally developed back in 2015, though at that time it was…
Dragonchain was originally developed back in 2015, though at that time it was known as the Disney Private Blockchain Platform. In October 2016, it was released as open source software and in January 2017 the Dragonchain foundation was established to maintain the open source code. More recently the team decided to launch a commercial entity and raised over $13M during their ICO in October 2017.
Dragonchain, on the other hand, is a hybrid commercial platform which doesn't fully embrace the decentralized nature of most blockchain platforms.
This hybrid platform allows companies to integrate blockchain technology into their business quickly and easily through a number of features including:
- serverless system which enables scalability via Amazon AWS, with planned support for Google App Engine and Apache OpenWhisk;
- smart contract functionality and libraries that can be developed in all Amazon AWS-supported languages including Java, Python, Node, C# and Go;
- 5 levels of network consensus to provide security and protect business data.
The DragonFund Incubator is the pillar of the project which will work with companies to demonstrate how blockchain technology and smart contracts would be beneficial and help those companies develop token ecosystems.
Most of the core team started on the project back at Disney and bring a wealth of experience to the table (Joe Roets, the CEO, Eileen Quenin, VP of strategic partnerships and president of the Dragonchain Foundation, Paul Sonier, CTO, George Sarhanis, CBO).
Pros
- - Platform projects have been amongst the most successful applications of blockchain technology (Ethereum, NEO, etc.). - The platform has been developed and iterated upon over several years. - The hybrid structure which integrates local business rules is more likely to be trusted by organizations and can be quickly and affordably implemented. - Support for all Amazon AWS languages removes a significant barrier of adoption and enables organizations to make use of existing skills. - The incubator program is an attractive option for organizations looking to get started with blockchain technology and offers a positive spin on the ICO space. - A strong team, U.S. based, with extensive experience and familiarity working with one another. - Currency agnosticism and ability to interact with other public blockchains. 2018 should be a big year for Dragonchain, with a number of milestones on the roadmap. I'm positive towards this project and DRGN value growth.
Cons
- - Platform projects are a competitive space with existing market leaders like NEO and Ethereum and a growing number of enterprise-focused platforms like ARK and Neblio. - DRGN quoted on few exchanges.
