Dalrada Financial Corp (OTCQB:DFCO) has announced that its subsidiary Prakat Solutions Inc is partnering with Dragonchain Inc to increase business workflow efficiencies.
Focused on accountability, supply chain transparency, and secure, real-time data access for global industries, Dalrada said Prakat’s Dragonchain solutions will address sectors including clean energy, financial, healthcare, education, and manufacturing.
Dalrada noted that Dragonchain’s patented, quantum-resistant, multi-currency blockchain technology provides the secure platform for Prakat to design a simplified workflow for today’s demanding business environments.
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Infinitely scalable, Dragonchain, which can securely process hundreds of millions of business transactions within 24 hours, also provides Prakat the flexibility and security to build its blockchain applications in containerized smart contracts.
“Today, Dragonchain provides Prakat with the industry’s most secure, scalable, and affordable blockchain-as-a-service platform to empower our clients’ continued success,” said Prakat CEO Anuradha Biswas in a statement.
Dragonchain is based in the US and holds patents in interoperability between all other blockchain platforms, quantum-resistant time-based security, and editable smart contracts that can be written in any programming language.
In a public/private hybrid architecture, Dalrada said Prakat’s clients can maintain control over sensitive business logic. At the same time, Dragonchain’s patented Interchain technology enables interoperability with other blockchains, such as a private Ethereum network, providing Prakat’s developers the flexibility to keep sensitive data private while making public data available.
Created by Joe Roets, founder of Dragonchain, at The Walt Disney Company (NYSE:DIS) in 2014, the project was internally known as the “Disney Private Blockchain Platform,” according to Dalrada.
In 2016, the company approved the release of the original code demonstrating that it actively contributes robust code to the world and enabled developers to explore more use cases.
Prakat serves businesses of all sizes – from Fortune 50-ranked to small-to-medium clients – from its offices in India and the US. Working closely with some of its clients, Dalrada said Prakat has begun to create niche blockchain-based solutions in healthcare, fintech, and manufacturing.
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