March has been yet again another busy month for the Insolar team, with development of Insolar Assured Ledger™ running at full steam. Insolar MainNet’s development is being continually developed, with the roadmap recently updated to include the addition of external nodes to boost network decentralization.

As Coronavirus (COVID-19) begins to take hold and rocking the globe and world economy to the core, our hearts go out to all those affected. The global crisis just goes to show how the world isn’t prepared or flexible enough to react to such crises, and needs further accountability and traceability: something that can be provided by technologies such as Insolar Assured Ledger™.

In March we announced how Insolar has teamed up with leading international energy group, Uranium One, to research a DLT-based solution for commodity settlement. Deployment of such a solution could be a game changer in a notoriously opaque sphere where fair pricing is an issue. Moreover, the multitude of jurisdictions presiding over trades makes it impossible to centralize a system to ensure efficiency and transparency, this is where Insolar technology could make a real difference.

Announcements

Uranium One and Insolar join forces to research possible improvements in supply chain and commodity trade-settlement

Leading North American uranium supplier and international energy group Uranium One is teaming up with distributed ledger technology firm Insolar to research the possibility of deploying a blockchain-based solution for commodity settlement. Uranium One is a global energy company and one of the world’s largest uranium producers, with a diverse portfolio of assets worldwide. Insolar is a leading technology company which powers trusted enterprise data exchange based on its next-generation Assured Ledger technology. Insolar’s solutions ensure data consistency, transparency and security.

Insolar upgrades MainNet roadmap to include external node deployment

In line with bringing about greater decentralization and transparency to Insolar MainNet, the Insolar team has upgraded the roadmap for Insolar MainNet to include the deployment of external nodes.

Explainers

XNS Mini-series: Payments

Payments are just one aspect of XNS, but a vital one as they allow for value to be transferred from one network user to another. XNS is Insolar MainNet native coin. It is used as a medium of exchange for transferring value to settle application fees, resource fees, and subsidies within the network.

XNS Mini-series: Staking

XNS is Insolar MainNet native coin. Its value is used in staking as a guarantee that computation of transactions will take place fairly and non-maliciously. Infrastructure (node) providers can stake their own coins or ask the community to stake theirs. When the community stakes their coins they receive a share of the fee paid to infrastructure providers for transactions computed.

XNS Mini-series: Governance

XNS is the primary coin powering enterprise blockchain adoption. Governance is another realm where XNS is applied. In this sense, coin holders can have a democratic say in how the network is run and vote for changes.

XNS Mini-series: Token vs Coin

XNS is Insolar MainNet native coin. It is used as a medium of exchange for transferring value to settle fees, a tool to strengthen the network’s security and define how the network is run.

Team

Artem Zaikin joined Insolar as а Senior FrontEnd Engineer

Artem is a software engineer with over 9 years of experience in developing various back-end systems for 2GIS and SEMrush. He graduated from Novosibirsk State University in 2009.

Oleg Karakoz joined Insolar as a Senior Technical Writer

Oleg has over 3 years of experience in technical writing. Major projects he has worked on include e-commerce, telecom, aviation and blockchain. Oleg has worked across Europe, delivering documentation for complex systems, developing it from scratch, localizing into English and German, and creating educational materials. He is partial to both the world of business and technology.

Do you think big and have what it takes to be part of our team? You can see all of our openings here.

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