Blockchain Solution Provider Insolar Teams With Microsoft And Oraclebr>
Blockchain solution provider Insolar has announced major platform collaborations with tech giant Microsoft and computer software company Oracle. The collaborations come in advance of Insolar’s highly anticipated MainNet release on November 1.
Insolar is a global technology company building public and private blockchain solutions on Insolar Blockchain Platform, a solution to streamline interactions between companies. The platform’s key features are unlimited scalability, security, simplified development, interoperability, user protection, and regulatory compliance.
In a press release, Insolar said that it will contribute its platform and expertise to Microsoft’s cloud computing platform Azure to make 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.
The Oracle partnership involves helping the computer software company upgrade the Oracle Cloud with cutting-edge blockchain features. According to Insolar, its 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,” said 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.”
In addition to its corporate reach, Insolar actively partners with academic and research organizations, such as UC Berkeley, York University, and ETH Zurich, which 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.