ConsenSys and AMD to Jointly Develop Blockchain-Based Cloud Computing Infrastructure
【Published by Ling Yu Han（凌郁涵）】
Blockchain software company ConsenSys, semiconductor producer AMD, and Abu-Dhabi-based investment management firm Halo Holdings are jointly working on a blockchain-based cloud computing infrastructure.
The companies have partnered to create the so called “W3BCLOUD” aimed at the development of AMD hardware-based datacenter products for emerging blockchain workloads. Within the collaboration, ConsenSys will provide expertise in the field of computing in blockchain transactions, security issues, and use cases for the technology.
According to the statement, W3BCLOUD would be “the first” independent cloud computing blockchain infrastructure to satisfy the requirements of both the public and private sector.
Director of product management and blockchain technology at AMD, Joerg Roskowetz said that the product will be designed to “tackle challenges ranging from smart identity, enterprise data centers and health ID tracking, to licensing and supply chain management.”
“Bolstering the compute power of blockchain networks with AMD’s leading-edge technology will be of great benefit to the scalable adoption of emerging decentralized systems around the globe,” said Joe Lubin, founder of ConsenSys and co-creator of Ethereum. “The combination of hardware and software will power a new infrastructure layer and enable an accelerated proliferation of blockchain technologies.”
ConcenSys, recently signed a Memorandum of Understanding with South Korean technological holding SK Group in December of 2018. The initiative aims at building an enterprise blockchain business model by using smart contracts. The partnership will also include Ethereum (ETH) blockchain technology education for Korean developers through ConsenSys Academy and SK Holdings C&C’s Tech Training Center.
In November of 2018, AMD partnered with seven major tech companies to produce eight new cryptocurrency mining rigs. AMD stressed that the partnership will bring new “blockchain compute solutions” to the market, designed to meet the various aspirations of “innovative blockchain platforms.”
Additionally, AMD released a video on blockchain, explaining core features of the technology, listing trust, integrity and security as its key advantages.
■ Source: cynes
■ Note: Please specify the source or references of the article for reproduced.
■ Solemn declaration: We reproduced articles and news for purpose of sharing information. Copyright belongs to the original author. If there is any infringement/error, please contact us as soon as possible, modify or delete action will be implemented immediately. Content analysis is for information purposes only and does not constitute any investment advice.
■ View Disclaimer: the views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author’s employer, organization, committee or other group or individual.
■ Please visit our site: KTrade for more information and the latest news update.
■ Follow Us 👉 Instagram| Facebook | Telegram | Twitter | Youtube | Linkedin
■ Customer Service：contact@ktrade.email
