The aim of this initiative is to enable the creation of business systems distributed on blockchain that are cost-effective or that can generate attractive revenue streams.
Insolar is the result of the expansion of the previous INS Ecosystem, a successful initiative that led to 100 installations of the C-Suite platform in different business chains.
The development team of Insolar has over 60 participants scattered in different locations around the world, with extremely varied skills and experience and therefore able to meet the most varied and urgent needs.
Among these figures, Professor Henry Kim, co-head of the York University laboratory in Toronto, stands out.
The operation comes at a time when it turns out that 36% of business activities are in need of sharing information with twice as many counterparts as two years ago, so a secure blockchain platform is ideal.
According to a Gartner research, the added value brought by blockchain platforms is expected to reach a total of 38 billion for 2021 and 360 billion for 2026.
Speaking about the developments of the project, CEO Andrey Zhulin said:
“We’re building Insolar to solve real business needs, today,” says Insolar CEO, Andrey Zhulin, “its requirements were informed by decades of industrial experience and validated by field research across multiple verticals: supply chain, consumer goods, energy, finance, and manufacturing. Insolar also has the benefit of hindsight, building off the successes and shortcomings of our predecessors.”
The Insolar team is currently working on a pilot project with a Canadian mining company and several European logistics companies.