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Dragonchain (DRGN) is an Ethereum based token complying with ERC-20 standards aimed to simplify the integration of real-world business applications on the blockchain. Dragonchain offers various features such as business data protection, operation handling, multi-currency support and interoperability of the tokens on the blockchain. Another advantage of Dragonchain is the use of existing programming languages (Python, Jave, Node etc) for the development of blockchain applications thus providingShow more [+] speed to the market advantage. Dragonchain employs five level network consensus mechanism resulting lower transaction costs, higher transactions speeds and a higher level of data security. The five standardized level of consensus are Approval (Business verification), Validation (Enterprise Verification), Network diversity verification, Notary (External partner verification) and Public checkpoint verification. Each of these verifications is a node validating the data.
The Dragonchain tokens (DRGN) are used for licensing the applications with Dragonchain commercial platform services. These tokens are also used by individuals or organizations for incentivizing the open market public or private nodes participating in the consensus. There are provided over 35 different use cases for Dragonchain including E-discovery record keeping, Legal, Audit enterprises, payment platform, Intellectual asset marketplace, and others.
Dragonchain is an opensource blockchain project managed under Dragonchain Incorporation USA. Dragonchain was founded by Joe Roets, the present CEO, having more than 20 years of experience in software architecture. Paul Sonier is Chief Technical Officer at Dragonchain with a background in cloud deployment and Photopass modernization. There are a total of 36 employees. The advisory board has 5 members including Collin Lahay, founder of Gambit.