Dragonchain Defines Interoperability with Interchain
The lack of industry consensus regarding definitions and standards continues to be a running theme in driving confusion in the dialogue being driven by the media, especially in the blockchain and cryptocurrency space. Two recent examples from Forbes and Cointelegraph, two of the media industry’s leaders:
- In August 2019, Michael del Castillo of Forbes published “Hyperledger Unanimously Approves First Ethereum Codebase for Enterprises" article. The article framed Hyperledger as the first platform to connect to a public blockchain.
- The following week, Cointelegraph published an article titled, "Blockchain Interoperability, Explained." Author Stephen O’Neal wrote: "Currently, one blockchain has no knowledge of information that might exist in a different blockchain." O'Neal also stated that Dragonchain is among the projects "working toward establishing blockchain interoperability."
For those following Dragonchain, it is clear that these authors are unaware of Dragonchain's uncontested leadership position in blockchain interoperability, also known as Interchain™. In this post, we will break down our Interchain history, upcoming Interchains, and upcoming traditional interoperability on-chain or in a smart contract. Interchain, as Dragonchain defines it, is much more than a one-dimensional definition.
Dragonchain’s Interoperability History
Most of the world may see blockchain interoperability as currency interoperability, but at Dragonchain, we see the definition being driven by utility interoperability. With Dragonchain’s patented Interchain technology, users ultimately control what business logic they wish to keep private or share publicly.
Since the beginning, Dragonchain has successfully and provably Interchain'ed four public blockchains to date:
- First BTC Interchain transaction at Disney in 2016
- First commercial BTC Interchain transaction - October 31, 2018
Ethereum Classic (ETC)
We have currently turned off our NEO Interchain while awaiting changes to NEO’s codebase before updating this Interchain
We are excited to announce the following upcoming Interchains currently in progress:
From November 2018 to December 2018, we held the #Interchain Everything Contest where the Dragonchain community voted on which blockchain should be Interchain’ed next with Dragonchain. We have listed the winners that are next in line to Interchain:
Traditional Interoperability On-chain or in Smart Contracts
We are also excited to share upcoming interoperability with traditional systems, expanding capabilities for business use cases:
- Eternal and Interchain Explained
- Interoperability with a Private Ethereum blockchain network using Interchain
- How to Create an Oracle for Your Own Blockchain?
Ultimately, because the industry is moving so fast, the bar will continue to rise higher and higher as innovation continues to grow to new heights. Dragonchain has continued to lead in setting that bar in a multidimensional way by focusing on the business use cases around functionality and utility when it comes to interoperability. To learn more, check out the Dragonchain full suite of products at www.dragonchain.com or reach out to us anytime.