New York-based blockchain specialist ConsenSys is partnering with semiconductor producer AMD and Abu Dhabi-based investment firm Halo to develop a blockchain cloud computing infrastructure.
In a press release, ConsenSys announced that it the parties will be working together to create W3BCLOUD, an optimized data center solutions for emerging blockchain workloads. Once developed, the solution will be the first independent cloud computing blockchain infrastructure, combining increased transaction throughput with state-of-the-art security, according to the company.
ConsenSys will provide its blockchain software expertise to the project, providing insight into efficient compute usage for blockchain transactions, security requirements, and emerging use cases for the technology. The solution will be powered by AMD hardware that are capable of supporting a variety of workloads and applications for governments and commercial enterprises, as well as accelerate the adoption of decentralized applications.
“We are excited to work with Consensys and provide them with access to high-performancehardware 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,” said Joerg Roskowetz, director of product management, Blockchain Technology, at AMD.
Joe Lubin, founder of ConsenSys and co-creator of Ethereum, said that bolstering the compute power of blockchain networks with AMD’s technology will be of great benefit to the scalable adoption of emerging decentralized systems around the globe.
“The combination of hardware and software will power a new infrastructure layer and enable an accelerated proliferation of blockchain technologies,” Lubin said.
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