Drachmae - DT Chain by Drachmae Project.
Official Drachmae websites
www.drachmae.co.uk (Project Website)
What is Drachmae Project?
Drachmae Project started out in April 2015 as paper concept to establish the various use cases that could potentially be used or if they could be debunked, The project went on to become a REAL LIVE use case and Greece was chosen as an exploratory geographical market..
Drachmae project acts as an incubator for use cases to discover potential opportunities in real life scenarios that are not paper based. This is achieved by working with channel partners running parallel services to their existing infrastructures. The core objective is to provide viable hybrid solutions, from SME up to Large Enterprise level business models that onboard businesses to blockchain technology. This may, in turn, roll out to consumers in a practical way.
Use Case 2015
The small Island of Agistri, Greece was selected and with local people on the 26th September 2015 was initiated with a BBQ Party and distribution of participating Digital currency Nautiluscoin, The use case was to establish if local people who have never heard of Bitcoin could use Nautiluscoin as Payment method in Day to Day operations.
Use Case 2016
Use case for 2016 is based on the Telecommunication sector from Data protection, Corporate Identity and Secured communications. Core focus is Nodes and Private keys built into the Simcards enabling verifications of transaction and enabling payments via the SIM alongside a Global Roaming Network over 206 Mobile networks.
2016 Business Launch Drachmae Travel Club (Blockchain & Travel)
Drachmae Travel is members only platform, including a multi-portal booking engine for discounted and exclusive global travel packages. Initially payments for membership fees can be made using digital currency. At a later stage digital currency will also be accepted for bookings on hotels, flights etc…
Memberships are tradeable assets, and there will be a measure of value appreciation since there is a limit on the numbers of memberships. These memberships are not required to pay the monthly subscription if the holders do not require access to the active members area and booking services. Users may own more than one membership.
DT-Chain Technology:
The blockchain platform upon which Drachmae is built relies on the definition of trust roles enforced by cryptographically verifiable identities, secured in hardware modules.
All nodes – servers upon which the blockchain runs – are therefore permissioned and immune to network manipulation. Performance is exceptional and the platform scales in a near linear fashion as nodes are added.
Transaction speed and settlement of under a second, and throughput of millions of transactions per second can be achieved.
There are no blocksize limits as experienced by slower, public blockchains, and the accumulation of vast data volume does not affect performance.
DT Chain also interoperates with other blockchains like NXT, Ethereum or Bitcoin.
Permission based VS Public:Public (non-permissioned) blockchains are open to participation by anyone with the computing power to drive the computationally intensive Proof of Work (PoW), or the capital intensive Proof of Stake (PoS) consensus mechanisms.
In a Permissioned Blockchain there is no need for complex computations or financial gambles. Each node is a known participant, subject to legal agreements and/or regulations, issued with a cryptographically verifiable identity (private key) secured within a hardware device attached to the node. Any aberrant behavior has consequences agreed to by participants, and this may also result in the invalidation of permissions.
There are 2 formats of nodes available:Master Nodes to support the Global Network and Sub Nodes for a Private Network
Standard Nodes to Support the private network
Master Nodes are for organizations that wish to participate globally in decentralized manner with other organizations. Private networks are generally for internal purposes.
DT Chain is able to leverage functions and core elements of other Blockchains such as Smart Contracts on Ethereum, or the Token Authentication of NXT, along with messaging anchoring. DT Chain therefore enablesdecentralized computing to cross over Permissionless and Permissoned Blockchains, enhancing regulatory compliance and jurisdictional control.
- Jurisdictional or Private Internal use cases for the Sub Nodes.
- Standardized Internal & External Data Management
- Data Normalization and Silo Deconstruction
- Data Encryptionat rest and in motion
- Comprehensive, data record & field level access control
- Simplified reporting within and outside the enterprise
- Reducing storage infrastructure costs
- 100% Up time
- Improved Business Continuity of Data
Compliance according to jurisdiction Drachmae Project Founder
Lee Gibson Grant
LEE GIBSON GRANT Lee co-founded Coinstructors, a Blockchain focussed Consultancy, in 2014 and the leading inspiration for “Drachmae” a project dedicated to finding a blockchain solution for Greece, a “Central bank in a Box”. Lee has been a successful entrepreneur in telecommunication and energy efficiency, taking new technologies into the marketplace and was one of the very first people to introduce LED technology at government levels with carbon credit backed projects. In Telecoms Lee has worked with MNO, MVNO and wholesale services. From his experience Lee then saw a natural fit in the Fintech space with Mobile Money harnessing Crypto Currency and Blockchain technology to create a new breed of Hybrid Mobile Money Services.
Blockchain Advisor
Derick Smith
Derick has filled technical and business roles including directorships, senior and middle management. Derick has worked in the US, Hong Kong, Europe, Africa and even briefly in South America.
Derick has sat on the boards several ventures in the areas of finance, equities and bonds. Derick assisted a number companies in transitioning to greater scale whilst retaining their edge and efficiency. Derick does not happily sprout "corporatespeak", but is happiest when something material is being done.
In 2014Derik was introduced to the compelling world of the blockchain. Derik has subsequently stepped back from other ventures to focus entirely on this groundbreaking technology. Derick has served in an executive capacity at several blockchain startups building out innovative products and services in this space. This has led him to what he sees as the pinnacle of his career - a re-imaging and re-engineering of the fabric of computing.
Dericks personal belief (shared by many) is that the capability we gain with blockchain will prove pivotal to most of the commercial, political and social issues of our time. This is one of several technologies coming to prominence, such as AI, 3D Printing, VR and AR, Robotics and IoT that are accelerating the already rapid changes in our world. Game on! Now we build, so less of the hype-sauce and more of the meat.
DT Chain in the Media
How Bitcoin Disrupts Telecommunications
Chainreactor Beta-Testing Permissioned Blockchain with DT-Chain
Is A Blockchain Solution for 'Brexit' Voting & Transparency The Answer?
Drachmae project acts as an incubator for use cases to discover potential opportunities in real life scenarios that are not paper based. This is achieved by working with channel partners running parallel services to their existing infrastructures. The core objective is to provide viable hybrid solutions, from SME up to Large Enterprise level business models that onboard businesses to blockchain technology. This may, in turn, roll out to consumers in a practical way.
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