Lenovo Joins GoChain Network as a Blockchain Signing Node — GoChain
RENO, NEVADA, USA, JANUARY 6, 2020 — GoChain, The Blockchain Company, today announced the addition of Lenovo Global Technology (United States) Inc. (“Lenovo”) as a signing node operator for the GoChain blockchain network.
The Lenovo blockchain signing node will be the first of its kind to be operated in a liquid immersion data center for cooling. The server immersion cooling technology, developed by Midas Green Technology, is currently being used by Blockchain Resources Corp to build “green” data centers which will house the Lenovo node. Immersion cooling data centers reduce energy usage through the elimination of the expensive air cooling infrastructure such as server fans, A/C compressors, air-circulation fans, ductwork, air handlers, and ancillary systems such as dehumidifiers.
This is not Lenovo’s first venture into blockchain, as they have adopted blockchain technology in product development activities and worked to apply it to internal work processes. In March 2018, Lenovo launched its new smartphone Lenovo S5, which uses blockchain technology to make payments more secure. Additionally, in June 2018, Lenovo joined Hyperledger.
“We are extremely proud to not only welcome Lenovo as a Node signer, but to be part of a pioneering effort in green technology. GoChain was founded with a focus on driving adoption of technology for the betterment of society and we strongly support their commitment to reduce energy usage with liquid immersion cooling technology.”
- Jason Dekker, Co-Founder and CEO of GoChain
About GoChain’s Proof of Reputation blockchain network
Hosted by known and “reputable” corporations, non-profits and educational institutions such as DISH Network (NASDAQ: DISH), these nodes foster the growth of the network while providing security through their geographic distribution. As a result, Proof of Reputation has several advantages over its predecessor, Proof of Work (PoW), which is used as the consensus algorithm for Bitcoin and Ethereum.
Proof of Reputation networks can scale to more transactions per second with far lower cost and wasted energy. Since all nodes are operated by a diverse set of known, trusted businesses and organizations, there is greater security and less vulnerability to attack by bad actors than centralized ledgers or even distributed blockchains where large ‘mining’ organizations control the majority of the network.
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 57,000 employees and operating in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that create a more inclusive, trustworthy and sustainable digital society. By designing, engineering and building the world’s most complete portfolio of smart devices and infrastructure, we’re also leading an Intelligent Transformation to create better experiences and opportunities for millions of customers around the world. To find out more, visit https://www.lenovo.com, follow us on LinkedIn, Facebook, Twitter, YouTube, Instagram, Weibo and read about the latest news via our StoryHub.
GoChain believes in driving the adoption of impactful technology for the betterment of society and our habitat. GoChain partners with companies in all industries to quickly launch and manage their own scalable, low-cost blockchain solutions, run distributed applications and to deploy smart contracts. At 1,300 transactions per second, GoChain’s network is the fastest, most reliable, web3 based public and private blockchain protocol. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits to validate transactions. GoChain also supports its designated public cryptocurrency, which has the ticker symbol GO. For more information, visit gochain.foundation or follow GoChain on LinkedIn, Twitter, and Facebook.
Originally published at https://gochain.foundation on January 6, 2020.