The blockchain provider Insolar has announced several important partnerships. The company is set to collaborate with Oracle, Microsoft and several innovations groups such as the German Energy Agency, the UK Energy Innovation Center and Innosuisse.
This was the perfect time for the company to announce these partnerships as the release of it's mainnet is scheduled for November 1, 2019. This way, it will possibly call to the attention of even more potential investors and clients.
Microsoft is set to collaborate with Azure, its cloud computing platform, which is important for the technical infrastructure of the new product. Insolar will work closely with Microsoft to use its solutions while it also gets a share of their clients.
Oracle also has a cloud-based solution and will help in the architecture of the system, providing scalability and security to the company.
According to Insolar CEO Andrey Zhulin, these collaborations will be important to advance the company’s technology and to upgrade the cloud-based capabilities of the company. The academic and energy agency partners of the company will also be important, as they will help coming up with innovative solutions for the ecosystem.
The testnet of the company was already capable of 19,500 transactions per second with only 20 operational nodes, so the company believes that the launch will make it possible for even more transactions to happen, which could put Insolar’s blockchain among the top products of the market.