Dragonchain
Dragonchain
Token: DRGN


Blockchain Business Magic

ICO dates
Start date: 2017-10-02
End date: 2017-11-02

Registrated in: USA

Platform: Ethereum
Type: ERC20

PREMIUM ICO

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https://dragonchain.com/ Screenshot
Dragonchain categories
Business services Platform
Dragonchain whitepaper
Video
Dragonchain token sale
KYC passing required No | Whitelist No | Restriction for countries No
Hard cap 238421940 DRGN
Tokens for sale 433,494,437
Token distribution in ICO
55%
55%
Acceppting ETH, BTC
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Random whitepaper excerpts

capabilities shifting the value proposition into decentralized environments. Dragonchain platform will
support these needs.
A Turnkey Blockchain Platform for Business
Dragonchain provides a commercial platform for application developers to rapidly and securely
deploy Blockchain applications while maintaining existing language development environments (e.g.
Java, Python, Node, C#, Go);

a tremendous costing and speed to market advantage

. The
Dragonchain architecture is also designed to allow nodes to handle approval of transactions based
upon

five levels of network consensus
to provide a spectrum of trust to data consumers; a level of
security and flexibility unseen in the market by current blockchain solution providers.

These design
attributes position Dragonchain for exponential growth

.
● Serverless system and smart contracts
● Established language support for smart contracts (Java, Python, Node, C#,...

Problem
Security on a Blockchain Platform
Data exposure and security is a known issue to large institutions wanting to leverage blockchain
technology, as they typically have very sensitive customer data that sometimes has regulatory
or legal risks associated (e.g. banking, health, identity, etc.). The data exposure risk can be
somewhat alleviated by either obfuscation or separation, however, in both cases, this requires
extra design and development work up front, as well as reduces somewhat the utility of the
blockchain system itself.
A so far generally unrecognized risk in the use of blockchain technology is that associated with
the public exposure of smart contract logic as necessary on most blockchain platforms.

The
smart contract is exposed and transparent which means that the team must implement very
sensitive proprietary business logic in a separate system. Also, any obfuscated data may be
unraveled by an interested viewer of transactions.
Most important however is t...

Skill Set Challenge
Leveraging blockchain technology for real business initiatives is expensive and very risky in an
operational environment. This can be expected to result in low success rates as creation of
software without blockchain technology is already fraught with difficulty and the addition of a
relatively new technology such as blockchain with features such as cryptography, Proof of work,
economics, currency modeling, game theory, and custom programming languages is sure to
cause more trouble for a team as the overlap of these skills is particularly rare.
Dragonchain solves this problem by allowing development and integration before the economic
model is known. Monetization can be applied after a system is functioning and enough real data
is available for analysis.
©2017​ ​Dragonchain​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​Dragonchain​ ​Commercial​ ​Platform​ ​ ​v6​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​Page​ ​4​ ​o...

Solution & Business Focus
When Dragonchain was originally launched, the team had several goals in mind based upon past
experience developing blockchain solutions:
● Protection of Business Data and Processes
● Ease of Integration
● Simplified Development
● RESTful Interfaces
● Simple Architecture
● Short, Fixed Length Block Time
● No Base Currency
● Currency Agnostic with Multi-Currency Support
● Interoperability with other Blockchains
● Adoption of Standards
The platform was designed for use in a wide variety of use cases and applications. It is particularly
useful in non-financial systems and in monetization and modeling of micro-economies for example to
replace political economies within an organization with transparent rules to incentivize productive or
otherwise valued behavior.
Verification and Consensus
In the open source Dragonchain Architecture document
4
, we introduced the concept of 'context
based veri...

As the verification level increases for a block, security increases, risk decreases, and measure of
risk becomes possible.
Level 1 Business Verification (Approval)
Analogous to other blockchain systems, the business context provides localized approval of
transactions and operates primarily on a trust basis. Although a proof algorithm can be applied, it is
not necessary as data approved at this level can be considered trusted by the team that owns the
data and any other team that decides to trust that data. This may best be viewed as web services on
a blockchain, where developers familiar with web services or similar traditional services development
may productively leverage blockchain technology.
Use of this model has been shown to improve the blockchain technology learning curve, as well as
lower the risk of decentralized system development. A team can build atop the Dragonchain system
to integrate existing systems or add new capabilities without a full understanding of the economic
modeling that ...

Level 2 Enterprise Verification (Validation)
This context is defined Enterprise or network wide, and checks for block and individual
transaction validity in form, signature, and required data elements. This can be considered as
providing “Real-time Enterprise Governance” with rules defined at the Enterprise level for
validation of all transactions regardless of the local business data.
Level 3 Network Diversity Verification
A Level 3 node will verify diversity of validation (Level 2) verifications. This verification context
will ensure that validations of transactions are coming from a sufficiently diverse set of
distributed sources. It also provides control and measurement of network effect and provides
distributed security as an attacker would be required to attack multiple systems, businesses,
and data centers in order to tamper with existing data.
Level 4 External Partner Verification (Notary)
A level 4 node will provide a notary functionality to the consensus process. Hosted by an
e...

Serverless Deployment
With the commercial launch of Dragonchain, Inc., we are leveraging the architecture of the
Dragonchain platform to provide a serverless blockchain platform for business use.
Dragonchain’s hybrid model allows a serverless approach, because the smart contracts are
executed in a traditional model and on a trusted node. A team can productively use the talents
of a traditional software engineer, along with best practices devops to build a system, whilst
leveraging the capabilities of blockchain technology.
We will initially launch on Amazon AWS, with the entire system using AWS Lambda services,
and with all user provisioned smart contracts deployed as Lambda services. Deployment in this
manner will provide to the user the full scaling capacity of the AWS platform as well as all
available services. In the future, we expect to port the system for deployment to Google App
Engine and Apache OpenWhisk for internal datacenter deployment.
Availability of Established Languages
Wit...

sale in 2017. For more information, check the official token sale page:
https://dragonchain.com/tokensale

.
Utility
Dragons will be used by developers and organizations to interact with the Dragonchain
commercial platform products and services (e.g. launch nodes, provision smart contracts,
access incubator dashboard, etc.). As a tokenized license with value in utility service rights, the
tokens will further allow individuals or organization to be rewarded in an open market for running
public or private nodes for network consensus.
Dragons will also be used to support projects in the DragonFund Incubator. They will provide
early access to technology and data from the projects, as well as allow first access to purchase
tokens for use on the developed platforms.
For the Dragonchain Foundation, the maintainer of the Dragonchain open source code,
Dragons will be used to reward and incentivize developers contributing to the open source
project and related projects. The tokens wil...
Jeff Garzik
Advisors Jeff Garzik Co-Founder Bloq

Ed Fries
Advisors Ed Fries Co-Founder Xbox

Maria Smith
Advisors Maria Smith VP Payments Starbucks

Tom Bush
Advisors Tom Bush Fmr Assistant Director, FBI CJIS Division

Matthew Roszak
Advisors Matthew Roszak Co-Founder Bloq

Collin Lahay
Advisors Collin Lahay Founder Gambit, Collin Crypto

Chris Boscolo
Advisors Chris Boscolo Founder lifeID

Joe Roets
Team Joe Roets CEO

Brandon Kite
Team Brandon Kite Lead Dev

Alex Benedetto
Team Alex Benedetto Developer

Dylan Yelton
Team Dylan Yelton Developer

Sabrina Gasson
Team Sabrina Gasson Head of Marketing

Jonel Cordero
Team Jonel Cordero Marketing Manager

Mike Grabham
Team Mike Grabham Incubation Lead

Joe Roets
Joe Roets
CEO
Chief Architect, Founder, CEO at Dragonchain, Inc.
Blockchain advisor
Matthew Roszak
Matthew Roszak
Co-Founder Bloq
Jeff Garzik
Jeff Garzik
Co-Founder Bloq
CEO & Co-Founder, Chief Designer