ConsenSys and AMD Joint Effort To Build Blockchain-based Cloud Computing Infrastructure

Cloud Computing News

ConsenSys_and-AMD-To-Build-Blockchain-based-Cloud-Computing-Infrastructure ConsenSys and AMD Joint Effort To Build Blockchain-based Cloud Computing InfrastructureNew York-based Blockchain Software Company ConsenSys, Semiconductor Company AMD, and Abu-Dhabi-based investment management firm Halo Holdings teamed up to work jointly on a Blockchain-based Cloud Computing infrastructure. According to the reports, the companies have collaborated to develop W3BCLOUD, designed to develop AMD hardware-based datacenter products for evolving Blockchain workloads. With this group effort, ConsenSys will offer expertise in the computing field in Blockchain transactions, security matters, and use cases for the technology.

The reports further noted that W3BCLOUD would be the first independent Cloud Computing Blockchain infrastructure to fulfill the needs of both the public and private sector. Joerg Roskowetz, AMD Director of product management and Blockchain technology stated that the product will be aimed to address challenges, include smart identity, enterprise data centers, health ID tracking, and licensing and supply chain management. In December last year, ConcenSys signed a MoU (Memorandum of Understanding) with South Korean-based technological holding SK Group. The initiative intended to develop an enterprise Blockchain business model by utilizing smart contracts. The joint force will also comprise Ethereum (ETH) Blockchain technology education for Korean developers through ConsenSys Academy and SK Holdings C&C’s Tech Training Center.

Additionally, Santa Clara, CA-based AMD, in November last year, teamed up with 7 key techies to create 8 new cryptocurrency mining rigs. The semiconductor producer highlighted that the bilateral effort will bring the newest Blockchain to compute solutions to the marketplace, aimed to meet a variety of ambitions of innovative for Blockchain platforms. Further, AMD released a video on Blockchain that describes the core features of the technology, listing trust, veracity, and security as its key benefits.