Ethereum Studio ConsenSys Teams Up With Chip Manufacturer AMD
Ethereum growth studio ConsenSys is partnering with mechanism chip builder AMD to rise a new cloud computing infrastructure formed on blockchain technology.
The startup announced Friday that it was operative with AMD and Abu Dhabi-based investment organisation Halo Holdings on W3BCLOUD, a cloud computing design upheld by the manufacturer’s computing hardware designed privately for ancillary decentralized applications.
ConsenSys will yield imagination on how blockchain exchange might need to be processed, as well as use cases, through this partnership.
In a statement, AMD’s executive of product supervision for blockchain technology, Jerog Roskowetz, explained that the tech hulk would yield ConsenSys with entrance to “high-performance hardware technologies capable of better scaling and proliferating decentralized networks and services.”
In turn, the height should accommodate a flourishing direct from vital firms and supervision agencies to use the tech to support intelligent identity, craving information centers, health ID tracking, chartering and supply sequence supervision solutions, he added.
In the statement, ConsenSys owner Joe Lubin pronounced that boosting blockchain networks’ computing energy using AMD record will assist “scalable adoption of rising decentralized systems around the globe,” adding:
“The multiple of hardware and program will energy a new infrastructure covering and capacitate an accelerated proliferation of blockchain technologies.”
AMD chips have been renouned in using blockchain networks, in sold by sell business looking to cave cryptocurrencies.
At one point, as much as 10 percent of AMD’s quarterly income came from the crypto mining space, the association reported last year.
Interest has depressed in the months since, however, with sales to miners dropping to “negligible” levels by the end of 2018.
That being said, the association has previously expelled program updates for the miners privately directed at bolstering blockchain processes.
AMD and ConsenSys spokespersons did not respond to requests for criticism by press time.
AMD picture via JHVEPhoto / Shutterstock