INS Wallet Released to Set Up Gateway for INS Blockchain Platform

Place/Date: Moscow, Russia - June 26th, 2018 at 7:06 pm UTC · 4 min read
Contact: Svyatoslav Ignatsevich, Source: INS

The team at INS Ecosystem is set to release a new open source cryptocurrency wallet for users worldwide on June 29, reflecting the overall progress being made for its much-anticipated Blockchain Platform for the consumer markets.

This is an important milestone for the dedicated development team at INS, which continues to grow and hit the targets set out in the company’s roadmap. June marks the halfway point in the progress being made towards development and launch of the mainnet of the INS enterprise grade Blockchain Platform.

The INS Wallet client is currently available for web, with more platforms (Android, iOS, macOS) to be released later. The user-friendly and highly secure INS Wallet supports INS ERC-20 tokens and ETH, with BTC coming soon.

At the first stage (2 weeks after launch), the Wallet will be available to randomly selected users from those who leave their email on the waiting list, as a closed beta test. Registered users are able to make transfers, check balances, receive payments, store funds, and view their transaction history.

After the INS Blockchain Platform is launched, the INS Wallet will support INS and other tokens on INS’s mainnet. The INS Wallet will add more cryptocurrencies and be regularly developed along with the INS Blockchain Platform, to become a universal wallet, blockchain application platform and a distributed applications store.

Peter Fedchenkov, co-founder of INS Ecosystem states:

“In future the INS Wallet will become a gateway to our enterprise grade Blockchain Platform for the consumer markets. It will give users an access point to the INS Blockchain platform and let them interact with the immense range of functions, transactions and activities taking place. We have made steady progress so far with our roadmap targets and this is reflected in the growth of our talented team of developers who have shown real focus in delivering results.”

The Future Of INS

The INS development team is currently working hard to build the next generation high-performance scalable blockchain platform, which incorporates security protocols and smart contracts. The INS Blockchain platform is uniquely positioned and developed to focus on the huge potential of the consumer markets (retail, consumer goods and services, logistics, etc).

The enterprise-grade distributed ledger cloud platform will help to make consumer businesses more effective, generate extra revenue sources, and lower costs and risk. Tamper-resistant transactions will be made possible on a trusted business network by securely extending enterprise SaaS and on-premises applications.

INS engineers are now working on the goal of building the most advanced blockchain platform, and will soon start developing APIs, SDK and protocols required for creation of applications for the platform.

Once the INS Blockchain Platform is completed and the mainnet goes live in 2019, it will power various decentralized applications (dApps), developed by the INS team and third-party providers.

About INS Ecosystem

INS Ecosystem builds the next generation high-performance scalable blockchain platform with security protocols and smart contracts designed with the express purpose to meet an immense business scope with focus on the consumer markets (retail, groceries, consumer products and services etc).

The enterprise-grade distributed ledger cloud platform will help to increase business velocity, create new revenue streams, and reduce cost and risk by securely extending supply chain and other enterprise SaaS and on-premises applications to drive tamper-resistant transactions on a trusted business network.

The INS Blockchain framework will support public and private blockchain systems and be able to customize different blockchains for different applications.

INS will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios (direct-to-consumer marketplace, product authenticity and provenance tracking, supply chain and inventory management, customer loyalty and rewards, trade promo management, trade finance, warranties, etc).

Based on specific scenario requirements, INS will continue to develop new common modules.

Disclaimer: INS is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.