Insolar recently declared a few significant strategic partnerships, which incorporates Microsoft, Oracle, Innosuisse, and the UK Energy Innovation Center.
The declaration of these associations matches with the launch of Insolar’s mainnet, which is planned for November 1, 2019. As per the press, these associations will empower Insolar to draw considerably more investors and customers down the line.
Mr. Andrey Zhulin, the CEO of Insolar, remarked that these strategic associations would be a way in for the future development of the organization and its cloud-based abilities. He stated,
Our collaborations with Microsoft and Oracle create significant technical and market synergies for all parties. Big-picture, they advance the entire enterprise market, giving companies a streamlined way to access robust DLT solutions using Insolar’s innovative, cloud-based capabilities.
Insolar gives blockchain solutions for organizations through its Insolar Blockchain Platform. The customers of Insolar utilize the platform for scaling, making new supply chain network solutions, and creating new business plans, as publicized on the organization’s website. Contrasted with several of its competitors, Insolar sets apart its services by concentrating on various areas and customizing its blockchain solutions for sector-specific needs.
Microsoft is set to work together with Azure, with its cloud computing platform, which is significant for the technical framework of the new product. Insolar will work jointly with Microsoft to utilize its solutions, suffice to say it also gets a share of its customers.
Also, Oracle has a cloud-based solution and will help in the architecture of the framework by providing security and scalability to the organization.
Insolar is in the middle of launching the system as a joint venture with research and industry associates in Switzerland, with the sponsorship of the nation’s Innovation Agency, Innosuisse.
Furthermore, the release of the mainnet will permit Insolar to make higher than 19,500 transactions for each second (in its current state) with 20 operational nodes. If that occurs, Insolar’s blockchain platform will be significantly more scalable and efficient, placing the organization in a serious challenge with other worldwide players.
Along with its corporate reach, Insolar effectively associates with research and academic organizations like York University, UC Berkeley, and ETH Zurich. This has prompted innovational developments, like Insolar’s Transactive Energy System.
The Insolar’s Transactive Energy System is a blockchain-based energy venture that was named as one of the most encouraging green energy projects globally by the Startup Energy Transition.