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Dragonchain’s Interchain allows users to process across multiple blockchains

Tony Zerucha

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Dragonchain this week announced a new patent for a solution its claims will solve security, utility, scalability, and flexibility issues that have stymied others in the blockchain industry.

Interchain enables users to conduct processing across blockchains. It simplifies business processes with added security and utility.

“Back in 2015, we were the first multi-chain hybrid to tap the Bitcoin public blockchain from our private blockchains within Disney,” Dragonchain founder and CEO Joe Roets said. “Interchain represents the efforts of our leadership in blockchain innovation and the evolution of solutions provided to the technology space.

“Interchain empowers businesses to utilize the combined network effects of various blockchain solutions. Imagine transactions rooted with the combined security of Bitcoin and Ethereum and access to the innovation of those communities.”

By allowing users to operate on multiple blockchains, Interchain reduces the strain on both large public blockchains and utility chains alike. This keeps transaction speeds high, while also lowering operational costs. Scaling is improved by providing users access to more tools.

Interchain allows users to benefit from the features of specialized blockchains, built exclusively to respond to issues such as supply chain and quantum computing. Before Interchain, many of these utility chains went ignored because of their focused, but limited set of capabilities. Now, users can leverage both the specialized features of utility chains and the all-purpose capabilities of public blockchains.

With Interchain, users can retain complete control of their data, keeping sensitive business logic and smart contracts proprietary. They can keep sensitive processing on a private network, and selectively share data or business logic on a public chain for transparency. The ability to publish data, transactions, and business logic to multiple blockchains provides the combined security of all blockchains.

“We envision a multi-chain, multi-network, and multi-token future for blockchain-based computing,” said Matthew Roszak, co-founder and chairman of Bloq, a Dragonchain advisor. “Interchain reflects this future by providing the necessary bridge between public and permissioned blockchain, facilitating a best-of-breed approach between the two environments.”

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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