DragonChain — Blockchain Business Magic

In 2014, Disney started privately developing a blockchain project, DragonChain, that would provide enterprises with over 20 use cases. Several years later in 2017, Disney agreed to make the project open sourced and helped create the DragonChain Foundation to maintain ownership and responsibility of the open source code. The team is now in the process of creating server-less environments for enterprises, as well as creating an incubator to encourage startups to leverage their blockchain. Today, DragonChain trades for $3 a coin, however, since the DragonChain team already has a fully functioning product, with over 200 projects set to utilize their incubator, and a planned integration with Amazon AWS, this coin could easily trade for $60 a coin in the next 2 years.

Basics:

1. The DragonChain team started development in 2014 and is based out of Seattle, Washington
2. DragonChain simplifies the integration of real business applications onto the blockchain and provides features such as easy integration, protection of business data and operations, currency agnosticism, and multi-currency support
3. The DragonChain protocol is comprised of three distinct features, them being: the development platform, incubator, and marketplace
4. The DragonChain token will be required to do perform the following functions on the protocol:

• DRGN tokens are required to pay for the turn-key products available in the Marketplace, so companies will need to acquire DRGN tokens on a recurring basis
• DRGN tokens will also be required to create nodes and to execute smart contracts

5. Ticker: DRGN
Price: $3
Ranking by Market Cap (Token): 15
Market Capitalization: $700,946,198
Circulating Supply: 238,421,940 DRGN
Max Supply: 433,494,437 DRGN
Average Trading Volume: $5,086,890
Consensus: Ethereum consensus

Team:

1. Leading the DragonChain team is Joe Roets. Previous to his role at DragonChain, Mr. Roets held the following positions:

• Principle Blockchain Architect at Bloq
• Principle Blockchain Architect at Disney
• Sr. Technical Advisor at Overstock

2. The co-founder of the DragonChain project is George Sarhanis. Previous to his role at DragonChain, Mr. Sarhanis held the following positions:

• Principle at Digital Ventures
• Managing Director Game Instincts

3. The President of the DragonChain foundation is Eileen Quenin. Previous to her role at DragonChain, Ms. Quenin held the following positions:

• Sr. Information Architect and Tech Evangelist at Disney
• Sr. UX and User Research Architect at GE

4. Rounding out the DragonChain team are two former Disney engineers.

5. The DragonChain also has a first-class advisory board, with some of the notable names listed below:

• Maria Smith — VP of Partnerships and Payments at Starbucks
• Ed Fries — Co-founder of XBOX
• Tom Bush — Former Assistant Director of the FBI
• Collin Lahay — Founder of Gambit
• Jeff & Matthew Garzik — Co-founder of Bloq
• Chris Boscolo — Founder of lifeID

Drivers of Growth:

1. The DragonChain team clearly states on their website that they will integrate with “Amazon AWS first and then Google and other platforms”. The possibilities of an integration with Amazon AWS speaks for itself
2. The DragonChain project provides enterprises or startups the ability to have their own blockchain and achieve consensus via any type of open source protocol
3. The platform gives developers flexibility by providing them the optionality to code smart contracts in Java, Python, Node, or C#
4. One of the unique aspects of the DragonChain architecture is the ability for businesses to maintain total control of sensitive business data and smart contract logic
5. The DragonChain protocol can support multiple currencies on one chain
6. The platform utilizes serverless architecture to enable simple and powerful scaling without the huge investment of creating their own platform
7. A wallet belonging to the GENESIS block of the Ethereum protocol, perhaps an ETH foundation team member, purchased 3,600 ETH worth of Dragon tokens during the ICO, worth about $2.6 million today (Rumor that Vitalik himself invested in DragonChain)
8. DRGN token holders will receive special discounts and priority access to all incubator project ICOs. The amount of the discount will be determined by your Dragon Slumber Score. The DSS is determined by: Length of time your Dragons are held * Number of Dragons held
9. There are currently four projects (Look Lateral, Seed2You, LifeID, IDPay, Clevx) utilizing DragonChain’s incubator, with an additional 200 projects in the pipeline

Headwinds:

1. Since regulation will always trail innovation, the digital currency space can be subject to new regulations in the future
2. There is a bit of competition within the enterprise-grade blockchain solution from Waves and Stratis, however, in my opinion, DragonChain appears to be further along in the adoption process

Summary:

It becomes clear very quickly that the timing of the DragonChain platform launch is highly strategic to benefit from the explosive growth of cloud computing and the emergence of blockchain solutions across enterprises. The DragonChain mission to create a truly scalable and secure blockchain solution for enterprises has clearly filled a demand as the platform already has 200 projects in the pipeline. Pair their adoption progress with the planned Amazon AWS integration and this coin could undoubtedly touch $60 a coin in the next two years.

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