With their commercial platform already launched, Dragonchain wants to allow businesses to build and deploy phe Incubator is the parrojects in a scalable way that mirrors what they are doing already, while leveraging the benefits and capabilities that blockchain offers.
What exactly is Dragonchain?
Dragonchain is a user-friendly platform and ecosystem with an accompanying marketplace that is designed to allow developers to build and deploy projects easily and helps businesses to leverage blockchain technology successfully.
In addition to simplifying the integration of blockchain tech, they’ll offer continual support. The platform provides features like the protection of business data and operations, multi-currency support, and ‘currency agnosticism,’ meaning that no particular currency is preferred and that a blockchain can be created without currency at all.
The Dragonchain system is comprised of three parts – the platform, which focuses on business assets and their protection, the Incubator, which allows developers to launch a blockchain project, and the Marketplace, for community engagement and interaction with subject-matter experts and support. Let’s look at these in a little more detail.
The Dragonchain Platform
The decentralization of blockchain tech and the use of smart contracts for development and data sharing comes with a new kind of security issue, one which Dragonchain hopes to address with the inclusion of existing language development environments.
The data held within the blockchain can be protected more securely this way, but it requires advanced knowledge of blockchain technology, additional development, and can limit the utility of the blockchain system. When developers have the chance to use established programming languages, they are able to create a more secure product. Traditional software engineers and teams can build a system with superior safety mechanisms while leveraging the benefits of blockchain tech – the best of both worlds.
Dragonchain Architecture works through a five-point system of increasing security, creating a blockchain of blockchains. As each level is verified through varying means, the security becomes tighter while the risks decrease, giving consumers of blockchain data a higher level of trust. Greater verification provides greater protection for all parties involved.
The Dragonchain Incubator
The Incubator is the part of the platform that allows projects to grow and creates the standard process to launch a blockchain project.
This part of Dragonchain is designed to create a collaboration of blockchain enthusiasts and project founders and developers who are working together to achieve something great. Project owners will be able to compare and monitor projects on the marketplace dashboard. Blockchain investors who purchase tokens, or Dragons, will have early access to projects and can interact with the community to help determine the success of projects through crowd-scaling.
The Crowd Scaled Incubator uses prediction market mechanics to choose the projects that will be accelerated. Those who have invested in and have access to the Incubator are privy to a more significant amount of information, making their decisions and contributions more valuable. The active community-based choices allow founders to focus more on building their businesses rather than meetings and pitches.
The Dragonchain Marketplace
The Marketplace is designed explicitly for the benefit of the founders and developers. It is intended to become an ecosystem of sorts, a collaborative space where an active community of subject-matter experts are available to provide advice and support to project teams. Some of the subjects that the experts cover include legal and technical issues, marketing, cryptocurrency, and economics.
The Marketplace also includes resources for developers, such as libraries of pre-built smart contracts that have been monetized by developers for reuse. These smart contracts are executed in a traditional model and on a trusted node. Having this access means that developers can select the right contract for their business purposes, and again, are able to focus more pointedly on their project.