New York, NY — Insolar Assured Ledger Platform, has successfully undergone an application security assessment by world-leading cyber security firm, Kaspersky. The platform is a distributed ledger technology (DLT) solution, which powers trusted data exchange between enterprises, ensuring data consistency, transparency and security. The assessment took place in preparation for the launch of Insolar MainNet, Insolar’s public network, at the end of January 2020.

The security assessment included several steps: code review, a network penetration test and a web application penetration test. Kaspersky’s assessment and guidance offer additional assurance as to the security of Insolar Assured Ledger platform, bolstering confidence in the network.

“We engaged independent, best-in-class cybersecurity expertise in the form of Kaspersky to evaluate our code during the final stage of development. Together, we uncovered and resolved all possible issues that might have affected Insolar Assured Ledger platform’s security and reliability. Now, we are confident that the platform’s performance can meet the strict requirements of our Fortune Global 500 customers,” said Andrey Zhulin, CEO at Insolar. “Next generation technologies such as blockchain are going to explode business workflows in the coming years. The blockchain itself is immutable and tamper-proof, but the applications that leverage the network pose challenges at every level. Insolar demonstrated a security attitude that proves their security promise to customers and partners is serious. This practice is worth noting and replicating,” noted Pavel Pokrovsky, Blockchain Security Group Manager at Kaspersky.

While most incumbent protocols, like Ethereum, Hyperledger Fabric, and R3 Corda, make for good pilot programs, real-world adoption ends up falling short due to the headaches that network participants face. These include: having to run complex nodes, educating internal stakeholders, escalating costs, slow transaction speeds, questionable security, extensive coordination, and so on. That’s why enterprise adoption for DLT has lagged well behind expectation, and that’s where Insolar comes into play.

Insolar addresses these issues at launch and on its roadmap. Over the last two years the Insolar team has been working with digital transformation and innovation leaders from the Fortune Global 500 and researchers from the world’s leading universities to identify a wish list of essential benefits that are expected of distributed ledger technology in enterprise setting and would help the industry to overcome the existing hurdles.

Insolar Assured Ledger™ technology offers enterprise firms many unique benefits:

Participants can join networks without running a node

This means that a company can add tens of thousands of clients or vendors to its network without requiring them to contribute infrastructure or technical know-how.

Linear scalability

Unlike other protocols, where the amount of computing resources required increases exponentially for a given increase of transaction throughput, Insolar requires resources that are linearly proportional to the desired throughput of the network. Therefore, it is able to achieve hundreds of thousands of transactions per second: enough to handle even the most demanding use cases, while remaining economically viable.

Easy to use

Engineers don’t need to learn a new programming language to work with the platform; the platform runs on Java. Insolar can also run on existing hardware and is designed to be compatible with other DLT as well as enterprise legacy systems, including EPRs like SAP and Oracle.

About Insolar

Insolar is a leading innovator in distributed ledger technology (DLT) worldwide with a vision to enable a new open, connected, and collaborative world. Our patent-pending Assured LedgerTM technology helps businesses to ensure consistent, transparent, and secure data exchange. Leading enterprises, including Fortune Global 500 companies select Insolar to help them build innovative products based on Assured LedgerTM. Our team of 80 people is based across North America and Europe and has a unique mix of hardcore engineering talent and blue-chip business expertise. For more information, visit: www.insolar.io

About Kaspersky

Kaspersky is a global cybersecurity company founded in 1997. Kaspersky’s deep threat intelligence and security expertise is constantly transforming into innovative security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company’s comprehensive security portfolio includes leading endpoint protection and a number of specialized security solutions and services to fight sophisticated and evolving digital threats. Over 400 million users are protected by Kaspersky technologies and we help 270,000 corporate clients protect what matters most to them. Learn more at www.kaspersky.com.

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