A new open source call blockchain platform called Insolar was announced. The platform is designed to solve the urgent business needs of the real world
The new platform enables new transformative business models, such as asset digitization, disintermediation and value exchanges such as the information supply chain.
Hype! Cryptocurrencies and Ico have been projected into the skies, but that does not mean that the blockchain itself can not be truly transformative – it's just that applications may not be the ones that have conquered all the cynics and optimists of technology and irritating alike. Perhaps Insolar is the platform that will really have practical applications, such as electricity, or the internet.
It seems that a team of blockchain superstars is behind the Insular platform. Among these, ten important scholars in the field including Professor Henry Kim, co-director of the blockchain laboratory of the University of York in Toronto and one of the leading blockchain scholars of North America and Alexandru Butean, professor in charge of Computer Science and architect of the Blockchain Society in Estonia. Insolar Research also employs 35 full-time engineers, who say: "They have built and maintained high-load, high-availability industrial systems and have experience in blockchain, AI, machine learning and IoT."
Why the need?
Insular research says that "36% of companies share data with twice as many stakeholders as compared to two years ago, and their existing legacy systems can not keep up, insolar is compatible with legacy business systems such as external add-on. "
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The potential of the blockchain
According to a research by Gartner, the added value of the blockchain will increase to 38 billion dollars by 2021, then increase to 360 billion dollars by 2026 and over 3 trillion dollars by 2030.
Insular applications
The new platform enables new transformative business models, such as asset digitization, disintermediation and value exchanges such as the information supply chain.
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It can also be run on blockchain-based clouds in the Insular ecosystem, thus enabling rapid deployment without costly initial investments in IT staff and infrastructure.
Full service ecosystem
Insolar's CEO, Andrey Zhulin, said: "Insolar is a full-service ecosystem that will help any organization, of any size, take advantage of blockchain technology – from demonstrating the concept to production – and give them the tools they have need to innovate and build tomorrow's transformative business models. "
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