Former Blockchain initiative of Disney, Dragonchain, raises 15.1 million dollars via ICO

The launch of the Dragonchain blockchain has concluded with an initial $ 15 million coin offer (ICO) for its Blockchain business platform that originally started as a prototype at the Seattle office centered on Disney.

Disney had originally conceived Dragonchain in 2014 as an asset management platform based on Blockchain, but two years later it shelved the project and released it as open source software. Earlier this year, a group of former Disney employees resurrected the project and decided to raise funds through a crowdsale held from October 2 to November 2.

The initiative had already raised 1.4 million dollars during the pre-sale of its tokens, dragon (DRGN), and added to its account approximately 13, 7 million dollars during its public ICO, which raised its fundraising to almost USD $ 15.1 million.

As explained on the project website, the Dragonchain platform is a hybrid Blockchain solution between public-private that allows companies to maintain full control over confidential internal data and at the same time serves as a bridge for Bitcoin and other public blockchains.

"We are trying to mix a classic, proven and true software architecture (security and scalability) with a decentralized Blockchain system, with simplified integration for those without experience with technology, while allowing an organization to retain complete and explicit control over its data, processing and network without worrying about the community or public network, "says the website.

The developers are also building a commercial platform that will run on top of Blockchain and provide companies with turnkey technology products, including smart precoded contracts. Programmers can also use the platform to code smart contracts using established languages ​​such as Java and Python. The tokens dragon, which the developers consider tokens of utility and not values, will be accepted as payment for these commercial elements of the platform.

According to the project roadmap, the platform is tentatively scheduled for full implementation in 2018. This version will coincide with the launch of an incubator program for initiatives that develop tools designed for use within the ecosystem.

Source: cryptocoinsnews