Prakat and Dragonchain Partner to Create Clean Energy, Fintech, and Healthcare Blockchain Solutions

Rhea-AI Summary

Dalrada Financial Corp. (OTCQB: DFCO) announces a partnership between its subsidiary, Prakat Solutions, Inc., and Dragonchain, Inc. This collaboration aims to enhance business workflow efficiencies focused on accountability and supply chain transparency. Utilizing Dragonchain's patented blockchain technology, Prakat will develop secure and scalable applications across sectors such as clean energy, finance, healthcare, education, and manufacturing. The partnership highlights blockchain's potential in real-time data access and maintaining data privacy.

Positive

• Partnership with Dragonchain enhances Prakat's blockchain solutions for various industries.
• Dragonchain's technology allows for secure processing of hundreds of millions of transactions daily.
• Provides scalable and flexible blockchain applications for clients, addressing diverse sectors.

Negative

• None.

Dalrada Financial Corp. (OTCQB: DFCO, “Dalrada”) is pleased to announce to its shareholders and the public that its subsidiary Prakat Solutions, Inc. (“Prakat”) and Dragonchain, Inc. - creators of “the most secure and flexible blockchain platform” - have partnered to increase business workflow efficiencies. Focused on accountability, supply chain transparency, and secure, real-time data access for global industries, Prakat’s Dragonchain solutions will address sectors including clean energy, financial, healthcare, education, and manufacturing.

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. Infinitely scalable, Dragonchain is proven to securely process hundreds of millions of business transactions within 24 hours. Partnering with Dragonchain provides Prakat the flexibility and security to build its blockchain applications in containerized smart contracts.

Anuradha Biswas, CEO of Prakat states, “Dalrada and Prakat are excited to partner with Dragonchain. This unique ‘blockchain for business’ solution began as the ‘Disney Private Blockchain Platform’. Today, Dragonchain provides Prakat with the industry’s most secure, scalable, and affordable blockchain-as-a-service platform to empower our clients’ continued success.”

Dragonchain is based in the U.S. 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, Prakat’s clients 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 in 2014, the project was internally known as the “Disney Private Blockchain Platform”. 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. This remains Dragonchain’s philosophy.

Prakat serves businesses of all sizes – from Fortune 50-ranked to small-to-medium clients – from its offices in India and the U.S. Working closely with some of its clients, Prakat has begun to create niche blockchain-based solutions in healthcare, fintech, and manufacturing.

For additional information, visit https://prakat.com

About Prakat Solutions

Prakat Solutions Inc. is a technology solutions company specializing in test engineering, accessibility engineering, product engineering, and application modernization. The company partners with clients to create transparent, value-based relationships by leveraging the extensive experience of its team and by providing innovative solutions in a wide range of technology domains that ultimately enable customers to successfully attain their business goals. The Prakat work culture is based on the belief that, "we believe in what we do; we do what we love." Prakat is an ISO 9001-certified company with several Fortune-ranked customers. With its main engineering center in Bangalore, India, the company also has offices in Dallas, TX, Denver, CO, and San Diego, CA. The Prakat team provides end-to-end product engineering services across various domains including banking and financial services, telecom, retail, healthcare, manufacturing, legal, and IT infrastructure. For more information, please visit www.prakat.com.

About Dalrada (DFCO)

Dalrada Financial Corp. (OTCQB: DFCO, “Dalrada”) solves real-world problems by producing innovation-focused and technologically centered solutions on a global level. Delivering next-generation manufacturing, engineering, and healthcare products and services designed to propel growth, Dalrada is a team of industry experts and an organization built upon a strong foundation of financial capital. The Company and its subsidiaries are positioned for stable long-term growth through intelligent market research, sound business acumen, and established operational infrastructure.

For more information, visit www.dalrada.com or call 1-858-283-1253.

Disclaimer

​Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210428005902/en/

FAQ

What is the purpose of the partnership between Dalrada (DFCO) and Dragonchain?

The partnership aims to increase business workflow efficiencies by enhancing accountability and supply chain transparency through blockchain technology.

How does Dragonchain's technology benefit Dalrada's subsidiary, Prakat Solutions?

Dragonchain offers a secure, scalable blockchain platform that allows Prakat to develop applications for various industries, enhancing real-time data access and maintaining data privacy.

What industries will benefit from the Dalrada and Dragonchain partnership?

The partnership targets sectors including clean energy, finance, healthcare, education, and manufacturing.

What is the significance of Dragonchain's blockchain technology?

Dragonchain's platform is quantum-resistant and supports secure processing of large-scale transactions, enabling businesses to maintain control over sensitive data.