Walt Disney has released Dragonchain, which is a distributed crypto ledger framework protocol that makes it easy to create cost-efficient business networks that can track virtually anything of value and trade without requiring a central point of control.

The blockchain platform Dragonchain was developed in 2016 at Disney in Seattle by a small team of blockchain technology advocates.

The company released Dragonchain earlier this month with a modified Apache 2 open source license. The Dragonchain provides support for smart contract language within a hybrid permissioned and public ledger network using a unique consensus algorithm with context based verification, the release stated.

“In this architecture, “proof” will be abstracted and may be implemented in one or more ways for a given blockchain. For some uses, one may desire to use a trust-based system, for instance, in a fully private blockchain system. One may also find value in a hybrid proof configuration that would see trust applied alongside limited Proof of Work to add additional security against attack,” the Dragonchain document stated.

The framework has features including timestamping, block ID, hashing prior blocks, PoW/ PoS capabilities, digital signatures, among others, as reported by Bitcoin.com. Dragonchain aims in ease of integration, protection of business data, interoperability, simple architecture, among others.