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Blockchain News: Ahead of MainNet Launch, Insolar Announces Collaborations with Microsoft, Oracle, and Innosuisse


NEW YORK - October 8, 2019 ( Newswire) Insolar, the leading provider of blockchain solutions for enterprise, announces major platform collaborations with Microsoft, Oracle, and a group of national innovation agencies, including Innosuisse, UK Energy Innovation Centre, and the German Energy Agency, dena. These relationships fortify Insolar's marquee position in driving blockchain innovation and real-world usage among enterprise firms, while setting the stage for a blockbuster MainNet release on November 1, 2019.

Microsoft: More than a million companies around the world rely on Microsoft's cloud computing platform, Azure, as a key backbone of their technical infrastructure. Working hand-in-hand with Microsoft, Insolar will contribute its platform and expertise to the Azure ecosystem, making it seamless for Azure clients to deploy on the blockchain. Additionally, Insolar will enjoy preferential sales and marketing access to Azure's global client base, expanding its market footprint.

Oracle: Insolar will work closely with Oracle team members, product experts, and customers to upgrade the Oracle Cloud with cutting-edge blockchain features. Insolar's enterprise-first architecture, with its unique features surrounding security, scalability, and cloud deployment, makes it an enticing addition to the Oracle ecosystem.

"Our collaborations with Microsoft and Oracle create significant technical and market synergies for all parties," says Insolar CEO Andrey Zhulin. "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."

Innosuisse: In addition to its corporate reach, Insolar actively partners with academic and research organizations such as UC Berkeley, York University, and ETH Zurich. This has led to groundbreaking innovations, such as Insolar's Transactive Energy System. The System is a blockchain-based energy project that was named one of the most promising green energy projects worldwide by the Startup Energy Transition, which is supported by the UN World Energy Council. Insolar is in the process of launching the System as a joint project with research and industry partners in Switzerland, with the backing of the country's Innovation Agency, Innosuisse. Moreover, Insolar presented the Transactive Energy System at this year's World Energy Congress in Abu Dhabi.

MainNet: All of these exciting developments come in advance of Insolar's highly anticipated MainNet release on November 1, 2019, which brings enterprise-grade, production-deployable blockchain capabilities to business at scale. The MainNet builds on a historic TestNet launch, which demonstrated speeds in excess of 19,500 transactions per second on a network of 20 nodes, with near-linear scalability, representing an order of magnitude performance increase over other blockchains.

About Insolar

Insolar is a global technology company building public and private blockchain solutions on Insolar Blockchain Platform, the most secure, flexible and scalable blockchain for business.

Insolar Blockchain Platform is the best solution to streamline interactions between companies. The platform's key features are unlimited scalability, security, simplified development, interoperability, user protection, and regulatory compliance.

The Insolar team consists of 80 people (of which 50 are engineers and researchers) in 5 countries, incl. USA and Switzerland. The team utilizes the knowledge of top engineers and industry experts to help organisations explore relevant blockchain use cases and tackle technological, operational, and strategic risks.

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