Disney-developed blockchain platform Dragonchain raises $13M in ICO
Summary
Dragonchain, the blockchain platform originally developed at Disney, has raised over $13 million in its initial coin offering (ICO), which ended on November 02, 2017. Our incubator programme will nurture the next generation of blockchain applications, and we already have start-ups in the programme which will use Dragonchain to verify the provenance of art, secure the last-mile delivery of packages and implement frictionless payments, George Sarhanis, Chief Business Officer of Dragonchain, said. Dragonchain aims to simplify the integration of real business applications on a blockchain, while protecting business data and operations and providing multi-currency support. The tokens issued in the ICO, Dragons (DRGN), will provide utility access to platform services, project incubation, and professional services to support start-ups and entrepreneurs building applications on the platform. The companys advisory board includes Maria Smith, vice president of partnerships and payments, Starbucks; Matthew Roszak, Bloq co-founder; Jeff Garzik, co-founder, Bloq; Ed Fries, tech industry advisor and co-founder, Xbox; and Tom Bush, former assistant director, FBI CJIS Division, among others.