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.
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 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.