ZenCash to build treasury voting system

Source: ZenCash

ZenCash, the privacy coin for borderless, decentralized communications and transactions, has announced that it has partnered with Infopulse, an international software research and development company, to collaborate on key research and development projects on the Zen blockchain.

The companies’ first joint project will be the development of a treasury voting system that will enable ZenCash holders to make decisions on community proposals. The voting system will give the Zen community an active role in the network’s development and offer transparency into the allocation of funds.

ZenCash Co-founder Robert Viglione said: “Infopulse’s software development expertise will prove invaluable to ZenCash as we develop our treasury voting system, one of the flagship features of the Zen platform. Infopulse’s technical insights will also inform future projects and help us make critical updates to ZenCash. With Infopulse’s record of building innovative and sustainable software solutions, we are confident that this partnership will keep ZenCash on the bleeding edge of research and development in the blockchain space.”

The ZenCash platform’s protocol-level treasury voting system will help to improve community participation in decision-making for the network. Under the model, proposals are placed in a system, where ideas can be submitted by anyone and voted upon by ZenCash holders.

The companies are currently stress testing a prototype of the treasury model, with active voters participating in theoretical proposals. Infopulse will assist ZenCash in the development implementation of various critical projects such as scaling protocols, domain fronting, and distributed file storage. The collaboration with Infopulse builds on a partnership between ZenCash and leading blockchain engineering company IOHK. ZenCash and Infopulse plan to implement a custom model of IOHK’s reference treasury model, which IOHK has been developing in collaboration with Professor Bingsheng Zhang from Lancaster University.

Infopulse Vice President of Marketing Jan Keil said: “Infopulse is excited to partner with ZenCash, one of the most innovative and mature blockchain companies in the world. We will work together to implement new products and protocols, like the treasury model, that will offer an unparalleled user experience, as well as increasing trust and transparency in the community. We are thrilled to contribute our experience and expertise to the development of transformative blockchain solutions on the ZenCash platform.”

Infopulse is a global provider of IT Services with more than 26 years of experience in software research and development and technology counseling. Backed by strong consulting, infrastructure management, and software engineering capabilities, the company provides a wide array of services to enterprises across the globe. Infopulse has assisted in the development of several blockchain-based solutions for the financial sector, including a decentralized solution for loan syndication based on Hyperledger and a “Know Your Customer” system for banks to better identify customers and manage risk.

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