AMD, Halo and ConsenSys Team Up
According to a press release issued by ConsenSys on January 04, the Blockchain software company is teaming up with investment management company based out of Abu Dhabi, Halo Holdings, and the semiconductor manufacturing major Advanced Micro Devices (AMD), to develop a Blockchain-based infrastructure for cloud computing.
First of Its Kind
The three companies are partnering to develop the W3BCLOUD, a cloud computing infrastructure that will be supported by AMD’s hardware designed specially to support Dapps (decentralized applications).
ConsenSys will provide its expertise in computing in Blockchain based transactions, cyber security related issues and use cases for Blockchain technology.
Halo Holdings will provide the financial expertise needed to get this project off the ground.
According to the statement in ConsenSys’ press release, W3BCLOUD would be the first of its kind – an independent cloud computing architecture that would satisfy the needs of both private as well as public sectors.
Jerog Roskowetz, the director of product management for Blockchain technology at AMD stated that they would be giving ConsenSys access to high performance technology in hardware that are is capable of improving the scaling and proliferation of decentralized services as well as networks.
Roskowetz also added that through this partnership, W3BCLOUD would be able to meet the growing demand from major companies as well as government bodies for technology to support smart identity, enterprise level data centers, ID checking for health and supply chain and licensing management solutions.
ConsenSys founder Joe Lubin stated that using AMD’s hardware technology to boost Blockchain networks’ computing power would help with the adoption of decentralized systems across the world.
Other Initiatives
Besides this partnership, ConsenSys also signed an MoU (Memorandum of Understanding) with South Korea’s technology giant SK Group in December 2018. The initiative is looking at developing an enterprise level Blockchain based business model employing smart contracts. Through this partnership, South Korea’s developers will also be educated about Blockchain technology via the ConsenSys Academy and C&C’s Tech Training Center, SK Group’s learning academy.
AMD also entered into a partnership with seven other major technology companies in November last year to create 8 new cryptocurrency mining rigs. AMD highlighted the fact that this new partnership would bring about new Blockchain computing solutions to the global market.
Added to that AMD also released a video about Blockchain technology, which explained the core features of the nascent technology. This video listed trust, security as well as integrity as the key advantages of Blockchain technology.