Insolar has published a paper outlining a full technical description of its blockchain-based platform for interconnected business networks.
Authored by Insolar’s Chief Architect, Kirill Ivkushkin, the paper details the platform’s features and explains the technologies behind the Insolar platform, outlining its goals.
The platform is designed to enable the efficient formation, management and reconfiguration of business networks, focusing on business needs and enabling shared business processes across enterprises. Moreover, it is aligned with current enterprise IT practices, considers long-term total cost of ownership goals, and is both decentralized and scalable.
The Insolar platform marks a significant maturity of blockchain where the technology offers enterprise scalability, security and governance characteristics while its complexity is hidden.
The technologies of the Insolar platform enable near-linear scalability for transaction throughput. The transaction speed offered by the platform starts at an average of 10,000 transactions per second on a network of 20–30 nodes, with the capability to scale to millions of transactions and with networks comprising hundreds of thousands of nodes.
The platform is business-oriented and is focussed on enabling:
- simplification of business network onboarding and participation by not requiring participants to own or run their own nodes
- dynamic consensus, to find the right balance between transaction value and processing costs
- on-chain documents for business logic flexibility
- private, permissioned, public or hybrid networks depending on enterprise requirements
- interoperability between different Insolar-based networks
We invite the community to take a look at our proposal and will be glad to receive feedback.
- Check our Github and leave feedback on the code.
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