Blockchain software program firm ConsenSys, semiconductor producer AMD, and Abu-Dhabi-based funding administration agency Halo Holdings are collectively engaged on a blockchain-based cloud computing infrastructure. ConsenSys introduced the collaboration in a press launch published on Jan. 4.
Per the discharge, the businesses have partnered to create the so known as W3BCLOUD aimed on the growth of AMD hardware-based datacenter merchandise for rising blockchain workloads. Inside the collaboration, ConsenSys will present experience within the subject of computing in blockchain transactions, security points, and use instances for the know-how.
In response to the assertion, W3BCLOUD could be “the primary” unbiased cloud computing blockchain infrastructure to fulfill the necessities of each the private and non-private sector.
Director of product administration and blockchain know-how at AMD, Joerg Roskowetz mentioned that the product can be designed to “sort out challenges starting from good identification, enterprise information facilities and well being ID monitoring, to licensing and provide chain administration.”
ConcenSys, not too long ago signed a Memorandum of Understanding with South Korean technological holding SK Group in December. The initiative goals at constructing an enterprise blockchain enterprise mannequin by utilizing smart contracts. The partnership will even embody Ethereum (ETH) blockchain know-how training for Korean builders by means of ConsenSys Academy and SK Holdings C&C’s Tech Coaching Heart.
In November, AMD partnered with seven main tech corporations to provide eight new cryptocurrency mining rigs. AMD burdened that the partnership will carry new “blockchain compute options” to the market, designed to fulfill the varied aspirations of “revolutionary blockchain platforms.” Moreover, AMD released a video on blockchain, explaining core options of the know-how, itemizing belief, integrity and safety as its key benefits.