The Bitcoin blockchain may have the most lucrative currency, but Dragonchain Inc. wants to have the most business-friendly platform.
From animatronics to digital animation, the Walt Disney Company has long been a pioneer in emerging technology. And blockchain technology is no exception.
In 2014, Disney’s tech-focused Seattle office started building what’s now known as Dragonchain, a blockchain protocol designed to allow for more data privacy than is possible on other enterprise-oriented blockchains like Ethereum. The idea was to develop a secure asset management system to be used internally.
However, Disney dropped the project in 2016 and decided to make it open source. Soon after, a group of former Disney employees founded the Dragonchain Foundation, a non-profit which manages upkeep of the protocol.
Now, they’re looking to build a commercial business — called Dragonchain Inc. — on top of the platform to help other companies quickly and easily start using blockchain.
But first they need to raise money to do so.