ConsenSys, a blockchain software technology company based in Brooklyn, New York, announced a collaboration with Halo Holdings, an investment management firm headquartered in Abu Dhabi, United Arab, and American multinational semiconductor company Advanced Micro Devices, Inc. (AMD) to work on a blockchain-based cloud computing infrastructure. The company made this announcement via an official press release.
Joseph Lubin, the founder of ConsenSys and co-creator of Ethereum, tweeted:
Today, @ConsenSys and @AMD have announced collaboration on developing high-performance hardware technologies capable of better scaling and proliferating decentralized networks, especially for large corporations and governments. #W3BCLOUD https://t.co/fcfIQijVyy pic.twitter.com/Vq7XMFo9uH
— Joseph Lubin (@ethereumJoseph) January 4, 2019
With this, it aims to create W3BCLOUD to develop optimized datacenter solutions for emerging blockchain workloads and also leverage the company’s extensive blockchain software expertise.
What W3BCLOUD aims to do
• Provide the “first independent cloud computing blockchain infrastructure,” and via state-of-the-art security increase transaction throughout.
• Accelerate adopting decentralized applications and support a range of workloads as also applications for governments and commercial enterprises. These augmented solutions will be powered by AMD hardware.
• Utilizing its position as a global leader in blockchain development, ConsenSys, aims at efficient computer usage for blockchain transactions, security requirements, and emerging use cases for the technology.
“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 Joseph Lubin, adding, “The combination of hardware and software will power a new infrastructure layer and enable an accelerated proliferation of blockchain technologies.”
Joerg Roskowetz, director of product management, Blockchain Technology, at AMD, said, “We are excited to work with Consensys and provide them with access to high-performance hardware technologies capable of better scaling and proliferating decentralized networks and services to meet the growing interest from large corporations and governments looking to tackle challenges ranging from smart identity, enterprise data centers and health ID tracking, to licensing and supply chain management.”