Blockchain
Dragonchain Open Sources Its Blockchain Platform
Dragonchain, a blockchain technology company, today released their core blockchain platform under an open source license. With this release, Dragonchain will be able to drive adoption among enterprises and developers looking to build their own blockchain based applications. The open source code gives both enterprises and developers access to blockchain innovations, along with the resources to continue innovating with Dragonchain by contributing code. Dragonchain believes this is a necessary step to further drive adoption and understanding of blockchain technology around the world.
“Releasing the source code to the public was always part of our plan,” said Joe Roets, founder and CEO of Dragonchain. “With this release, we believe the potential impact can be maximized by the blockchain community, offering opportunities for developers and driving more real use cases in the blockchain space.”
Dragonchain is a Blockchain as a Service company. It offers flexibility to developers looking to build their own blockchain applications in containerized smart contracts. The public/private hybrid architecture enables a business to maintain control over sensitive business logic. At the same time its patented Interchain technology enables interoperability with other blockchains, such as a private Ethereum network, and provides the freedom to selectively expose data on public blockchains.
The blockchain platform was originally created from scratch by Joe Roets, founder and CEO of Dragonchain. It all began inside The Walt Disney Company in 2014, where the project was internally known as the “Disney Private Blockchain Platform.” The Walt Disney Company approved the release of the original code in 2016, demonstrating that it actively contributes robust code to the world, enabling developers to explore more use cases. This still fits perfectly with the philosophy and values of Dragonchain.
“As a developer, I understand the importance and value of an open source project,” said Dean Shelton, director of engineering at Dragonchain. “We are excited about this big step and can’t wait to let people see how easy and fast they can build powerful blockchain solutions on Dragonchain.”
Visit Dragonchain’s GitHub page to see source code and start building on blockchain.
SOURCE Dragonchain
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Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
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