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Dragonchain is a blockchain platform for enterprises. It was originally developed at The Walt Disney Company in Seattle in 2014 and then open-sourced in 2016. Despite extensive speculation, there is no current relationship between Disney and Dragonchain. The open source code is maintained by the Dragonchain Foundation. And the commercial blockchain platform is maintained by the commercial entity named Dragonchain, Inc. Dragonchain is a public/private hybrid blockchain platform. Developers can use existing smart contracts from the library or write their own smart contracts and build (decentralized) blockchain applications in known languages.
The Dragonchain tokenized micro-license is called Dragon. Initially, a total of 433,494,437 Dragons are created and distributed between 2 October and 2 November 2017. Dragonchain paused its pre-sale on the last day, and refunded some investors from their ICO.
Earliest public documentation of the so-called Disney Private Blockchain Platform dates back to 2014. In June 2016 over 20 use cases that have been explored inside Disney were shared with the World Wide Web Consortium, its blockchain community group. In October 2016 the platform is released as open-source software under the Apache 2.0 license and was mentioned as one of Disney's best open source releases. In January 2017 The Dragonchain Foundation was founded, which is a non-profit organization created to maintain the open source code. Joe Roets is the Founder and CEO and has build the commercial Dragonchain entity on top of the open source code, which is now known as the current blockchain company named Dragonchain. Roets was asked by Disney through a phone call to develop the architecture from scratch and moved him and his family to Seattle, WA. In 2017 Dragonchain conducted a token sale that raised as much as $13 million. On February 23, 2018 the Nasdaq listed enterprise Fluent, formerly known as Cogint, acquired a minority interest in Dragonchain.