A Dragonchain partnership was announced earlier today. The blockchain leader is partnering with Hurify Digital Markets to revolutionize decentralized IoT and blockchain development.
Dragonchain Partnership
The US’s Dragonchain is a blockchain developer that works across four business areas: enterprise services, entertainment, education, and project incubation/acceleration. The company wants to empower businesses with an enterprise-grade blockchain solution.
Hurify, at its core, is a “global ecosystem for developer communities, entrepreneurs, and IoT solution vendors.” Its members span the globe.
Hurify Digital Markets, then, is an IoT project development platform that uses smart contracts to “support IoT project development and deployment supply chain.” The platform essentially brings together in one place the talent, hardware, and services necessary to enhance IoT development and adoption.
The Technicals
But how will the Dragonchain partnership help its case?
Hurify will use Dragonchain’s smart contracts to provide a safe, blockchain-enabled global database of IoT developers. These developers will have the ability to connect with each other through the blockchain. In this way, Hurify will be able to build and maintain its dynamic global ecosystem.
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Innovation
By paring blockchain with IoT, the businesses are merging two of today’s most forward-moving and innovative technologies. As Filip Hantson, VP of Business Development at Dragonchain, puts it:
“We’re looking forward to working with Hurify on our Dragonchain platform […] Like blockchain, IoT is a young technology that has a massive potential to take the market by storm.”
First of its Kind
The Hurify and Dragonchain partnership will mean a first-of-its-kind launch of the Hurify IoT Marketplace blockchain platform.
According to Mouli Srini, CEO and President of Hurify Digital Markets, the new service has the power to take down barriers that have blocked the development of IoT:
“Dragonchain will enable Hurify to take advanced, multi-level private and public blockchains to the IoT community […] We now have a versatile solution for a range of IoT operational challenges, such as access control, securing data, and scalability; which Dragonchain overcomes with remarkable ease of use for developers.”
What are your thoughts on this? Do you think a Hurify/Dragonchain partnership is a match made in heaven? Let us know!
Featured image: DepositPhotos © monsit
