Blockchain technology creates opportunities for disruptive innovation. Similar to the way the internet revolutionized how the world communicates, blockchain will revolutionize the way we transact anything of value.
Blockchain is a digitized, immutable, public ledger for recording each exchange of value. It enables global business transactions and fosters a new generation in a more trusted, efficient, and transparent way.
Problem: Existing platforms restrict the creation of truly secure and scalable blockchain applications in real world business use cases.
Dragonchain was originally developed at Disney Seattle in 2014 as the Disney Private Blockchain Platform. Over 20 use cases and applications were explored and documented publicly via the W3C Blockchain Community Group. The platform was later released as open source software under the Apache 2 license in October of 2016 and Joe Roets left the company to create the Dragonchain Platform on the basis of this technology. Under Roets’ leadership, Dragonchain works with leading brands from around the world to solve complex problems using blockchain technology.
The Dragonchain Foundation, a non-profit corporation was created in January of 2017 to maintain ownership and responsibility of the open source code.
See the use cases page for information made available from Disney to the W3C Blockchain Community Group in June of 2016.
Dragonchain’s patented Tokenized Micro-License (TML) was created to provide a new model for software access. It allows the local holding of licenses much like early software license models, yet allows for vendor or decentralized hosting of the software services. It also standardizes for many flexible forms of redemption via software access and execution. You can find the technical brief for TML here.
For the vendor
Licensing is more flexible, and powerful anti-piracy measures are possible. Updates to services can be controlled much like in the subscription model.
For the consumer
A user is not paying for software utility that isn’t being used. Ceaseless passing of time does not itself penalize.
License ownership is recorded on the blockchain and decentralizes ownership and control. Asymmetric encryption technology (public key cryptography) is used to enable the consumer to physically hold the key which “own” the tokens.
TML Service Interaction
The token itself contains a license that is maintained on the blockchain with both programmatic (smart contract based) terms and human readable (traditional legal) terms embedded. The token’s license interacts on every use, execution, or access with a license embedded into every service (programmatic/smart contract and traditional) to create a very flexible framework for software license innovation.
The terms for both the token and all services can be updated on the blockchain in a manner that allows anyone to prove and/or verify that a particular execution occurred under a particular set of license terms (or other legal arrangement). This model also allows for a very flexible update arrangement wherein a vendor may do things such as specify license update frequency, specify terms for notice on updates, or allow consumers to vote on terms or feature updates. This model can also solve issues with access to data stored on the vendor’s system as the public keys of the owner may be allowed access to their owned data even if they no longer hold license access to the system services.
This can more directly model the commoditization of service utility in the “Software as a Service” or “Platform as a Service” hosting models so prevalent today. It allows for commodity service micro-payments (e.g. Amazon AWS, Google Cloud, MS Azure) to be modeled into the license itself and to be controlled in a more granular fashion. It also allows the ability to track and audit billing in a provable and transparent manner.
Dragonchain provides a 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#, Go, etc.)
● Scalable - Amazon AWS and Google deployments
● Secure - Protection of business data and operations
● Advanced currency implementations
● Smart contract libraries
● Currency Agnostic
Level 2 / L2 Node - Enterprise Verification (Validation)
Level 2 nodes are a trusted check of validity for blocks and individual transactions which can be done without seeing the actual data. Rules for L2 Nodes are defined at the enterprise level.
A Level 2 Nodes provide “Real-Time Enterprise Governance” with rules defined at the enterprise level, 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.
A Level 2 will assemble a new verification record which will contain:
Level 3 / L3 Node - Network Diversity Verification
Level 3 Nodes 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.
A Level 3 Node will verify diversity of validation (Level 2) verifications. This contextual verification will ensure that validations 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 organizations and data centers in order to tamper with transactions.
Level 3 Nodes will check the following criteria:
A Level 3 Node will assemble a new verification record containing:
Level 4 Node - External Partner Verification (Notary)
A Level 4 node provides a notary functionality to the consensus process.
Defined network wide (Enterprise+), a Level 4 node provides a notary functionality to the consensus process. Hosted by an external partner, a level 4 node cryptographically signs any level 3 verification record that it receives. This function allows the Level 4 node to act as an independent witness to level 3 verifications.
Competitive Advantages of Dragonchain Platform
You can find more information about Dragonchain Platform here.
Interchain® redefines the use of blockchain technology to enable users to conduct processing across blockchains. It simplifies business processes with added security and utility. Simply put, Interchain is the way all blockchains, both public and private, can connect and interact in a secure way. You can find the patent information here.
A small grocery store uses multiple suppliers to get their produce. Each supplier uses a different blockchain to complete their transactions on; one uses Ethereum, another uses NEO, and another uses Ark. The store does not want to commit to one blockchain over another. Instead, the store uses Dragonchain to monitor each blockchain. With Dragonchain’s Interchain, the store is able to monitor transactions and interact with different blockchains all in one place and implement business logic agnostic to whatever blockchain is being used.
Dragonchain is a platform, and can act as a sidechain with many many interop methods. For example, the system can checkpoint into Bitcoin (or one or more other blockchains), it can also allow you to wrap transactions or blocks into Dragonchain transactions (experimental). Standards could also be developed for such wrapping. With the checkpoint, we will provide a way to calculate risk of counterfeit and extrapolate that risk to a dollar value.
Bitcoin (or other) public addresses can also be used as a way to interoperate with other systems and parallelize tokens between the public and private networks.
TPS or scalability is unlimited (AWS or other scaling) because of the architecture - that is, application of private blockchain at the business level (L1) nodes would allow scaling to any necessary level as may be accomplished in a non-blockchain implementation.
The ability to apply security of distribution and public blockchain at higher levels of consensus provides value in a measured way.
Scaling definitely does not depend on the public chain interactions - we use them for security, but the real scaling is possible at the business node (L1).
Dragon Net is a scaled approach to consensus that utilizes independent network verification nodes that are provisioned by the Dragonchain Community.
The verification nodes verify blocks from business nodes (Level 1 / L1 Nodes) in a marketplace based on scarcity of TIME.
The approach is consensus based on verification from different contexts through our Spectrum of Trust (5 Levels)
Each node at each level has it’s own blockchain and is non-homogenous (all nodes do not contain the same information).
MetroEDGE’s blockchain, compute and store Sandbox is a light touch way for a technical team to experience the MetroEDGE EBaaS (Enterprise Blockchain as a Service) development environment.
Sandbox can be setup in minutes once access is granted. From there, internal technical teams can spin up their own demo chain and develop processes that facilitate an on-chain transaction. Additionally, those working within Sandbox will have access to a SDK and any programs we have internally developed, such as the drag-and-drop interface and the block explorer are used to put data packages (documents, images, raw data, etc.) on-chain and recall it, respectively.
Eight Stages of Engagement
Example for Using Available IP in Sandbox: Software Escrow / Secure IP Vault
What is software escrow?
Software escrow, also known as technology escrow, is designed for both the developer and the license to mitigate risk when negotiating a software or technology license.
With a software escrow contract, the developer’s source code (or other technology/intellectual property) is managed in a secure escrow account held by a designated, neutral, and trusted third party. If the developer of the data is unable to support the product in the future for reasons specified in the escrow agreement- such as bankruptcy, obsolescence, merger or acquisition- the license will be able to access the source code to keep their business operating. The goal is to get the end user up and running whether the technology is on-premises or Software-as-a-Service.
How do MetroEDGE and EDGElabs enhance existing software escrow services?
By deploying a friendly drag-and-drop interface with block explorer built in, we can finally provide the security of blockchain with a private-cloud solution. The MetroEDGE and EDGElabs teams have developed our hyper-secure platform using American built hardware from Hewlett-Packard and American built blockchain software from Dragonchain.
If you would like to learn more how this solution can help with your business, please contact our team at sales(@)dragonchain(DOT)com.
Yes, you can withdraw your Dragons ($DRGN) rewards from the Dragonchain console very soon. Log into your Dragonchain console account, and select the “Withdraw” button to easily withdraw from either your Funding Address or Verification Payout Address.
Funding Address is a wallet address where your credits go to when you send in $DRGN and where you spend out of if you pay in $DRGN.
Verification Payout Address is a wallet address where your higher level rewards are sent.
-—-BEGIN BITCOIN SIGNED MESSAGE—–
Token Contract Address: 0x419c4db4b9e25d6db2ad9691ccb832c8d9fda05e
-—-BEGIN SIGNATURE—– H83Nf3Dn/SLleagPIi0FwQx6xC+vgFGafTxk81J5MJpYSCHqsDDKaKZlnsjtMCs8gF0qCR0fLauKtoudw1uvKC4=
-—-END BITCOIN SIGNED MESSAGE—–
dragonchain.eth resolves to the Dragonchain Token Contract Address: 0x419c4db4b9e25d6db2ad9691ccb832c8d9fda05e
Currently, you cannot change your wallet address, but the Dragonchain team is working on a feature that will allow you to do so. You will soon be able to add, remove, or claim multiple addresses.
As it stands, signing up for the Developer Plan will automatically provide you with an ETH wallet address you can use to access the Dragonchain Platform and console.
We want to make sure no misunderstanding exist before any movements occur. Most of the tokens in the team address will be separated and moved to other company-owned addresses. This is not a transfer directly to employees or team members. The addresses will allow team members to access their TIME based upon an internal incentive program. In the same process, a lot of the global TIME will burn, reducing total TIME in existence considerably.
All tokens in this program will be locked under a 5 year program, backdated to a team member’s start date. Participants will be able to withdraw 20% of their tokens every year, on their anniversary, and if they leave before the year, they will lose all remaining access including TIME. The transfers are planned for the end of August, as long as we have proper time to execute it.
The new addresses will start with zero TIME, and team members will be able to use accumulating TIME in an internal incentive program. The addresses will remain under full control of Dragonchain, Inc. It is not a direct transfer to employees.
The Dragonchain token sale took place between October 2 and November 2 in 2017.
The price of a Dragon was set by the market over the period of the sale. Participants received Dragons equal in value to the BTC or ETH contributed. Market price for Dragons was determined at close of sale based upon total amount raised, against fixed supply available in public sale.
What was the final token sale price?
0.000009376236828 BTC = 1 DRGN
What is the total distribution of Dragons?
Category Percentage Dragons
Public 55% 238,421,940
Team 20% 86,698,887
Foundation 10% 43,349,444
Dragonchain Reserves 10% 43,349,444
Dragon Fund (Incubator) 5% 21,674,722
The TIME Leaderboard is a place where Dragon HODLers can check their TIME ranking, see their accomplishments, and stay up to date on announcements.
Dragonchain began a presale of DRGN Tokenized Micro-License™ in October, 2017. This sale was the first opportunity for Dragonchain Community Members to acquire DRGNs. Once the TIME Leaderboard was launched, users who earned the achievement of being an early DRGN holder, such as those who acquired DRGNs during the October 2017 presale, were awarded a “badge”. This badge is displayed on the TIME Leaderboard.
Added Dragons to your wallet does not reset your score. The simple formula would be:
1st batch of Dragon Days of Slumber Score (Time x Quantity) + your 2nd batch + your 3rd batch + … = Total Dragon Slumber score
Moving Dragons will affect your score in Last In First Out accounting style. Meaning if we take the example above, the quantity of the 3rd batch would be adjusted before your 2nd and 1st batch.
Since the release of the Dragon Days of Slumber Score, now known as TIME, the Dragonchain community has expressed great enthusiasm about the incentives offered to Dragon holders (DRGNs). The Dragonchain Team understands the importance of users being able to move DRGNs from one wallet to another, more secure wallet, without the risk of losing their current TIME. To combat this issue, the Dragonchain team has implemented TIME Recovery solution. The TIME Recovery is a process that allows users to maintain their current TIME, even after making a wallet change. Now users can transfer their DRGNs into any wallet and maintain their existing TIME.
Step 1: The user must move ALL DRGNs from the original wallet (Wallet A) into the intended wallet (Wallet B).
Step 2: Once ALL of the DRGNs have been moved from Wallet A, transfer 20 DRGNs into Wallet A. This is the Recovery Fee.
Step 3: Now, the user will send the Recovery Fee (20 DRGNs) from Wallet A to the Official Dragonchain TIME/DDSS Recovery Fee Address.
Important to Note
You can also find a how-to guide and more details about the TIME recovery here.
The Dragonchain team has completed the Master Time Ledger, a ledger that keeps track of all Dragon Days of Slumber Score, now known as TIME, debits and credits across accounts within the Dragonchain Platform. This milestone has opened the door to new possibilities within the Dragonchain ecosystem. Captured Time Lending Contracts (CTLC) designed with enterprise developers in mind is the first service built on top of the Master Time Ledger.
Enterprise developers looking to spin up a Level 1 Node traditionally needed to purchase Dragons and wait for 1,000,000 TIME to accrue. With the launch of CTLC, enterprise developers can now skip the wait and gain instant access to spin up a Level 1 node today.
Dragonchain users are able to help grow the Dragonchain ecosystem by lending out their TIME to enterprise developers looking to build their blockchain solution on the Dragonchain Platform. Log in to your Dragonchain Dashboard and select CTLC from the list of services.