ConsenSys Partner with AMD & Halo Holdings
The US-based blockchain software company, ConsenSys, announced on Friday, 4 January in a Press Release, of its partnership with the chip manufacturer AMD and Dhabi-based Halo Holdings to develop the Blockchain-Based Cloud Computing Infrastructure named W3BCLOUD.
The partnership is aimed at developing optimized datacenter solutions for emerging blockchain workloads through the creation of W3BCLOUD.
According to the publication, W3BCLOUD is focused on providing the first independent cloud computing blockchain infrastructure, combining increased transaction throughput with state-of-the-art security. ConsenSys, as a global leader in blockchain development, brings insight into efficient compute usage for blockchain transactions, security requirements, and emerging use cases for the technology.
This project leverages ConsenSys’ extensive blockchain software expertise, and AMD powerful hardware that are capable of supporting a variety of workloads and applications for governments and commercial enterprises. Investment-wise, Halo Holdings is in the team to make every edge align. W3BCLOUD will as well accelerate the adoption of decentralized applications.
“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 Joe Lubin, founder of ConsenSys and co-creator of Ethereum. “The combination of hardware and software will power a new infrastructure layer and enable an accelerated proliferation of blockchain technologies.”
Being the first independent cloud computing blockchain infrastructure to satisfy the requirements of both the public and private sector presents a ground breaking opportunity to global investors that couldn’t explore the power of blockchain technology.
“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,” said Joerg Roskowetz, director of product management, Blockchain Technology, at AMD.
This is not the first time AMD is partnering with blockchain technology companies. As of November 2018, they partnered with Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek to develop new eight different mining rigs, boasting of Ultimate stability, 24/7 performance and Enterprise-level quality. They currently have ELIOVP which makes the partners eight on their website list titled “AMD Blockchain Solution Partners”.
ConsenSys, an Ethereum (ETH) software technology company earlier signed a Memorandum of Understanding (MoU) to create and develop an enterprise blockchain development hub with South Korean technological holding SK Group on 4 December, 2018.
Also fully involved is Halo Holdings which is an investment management firm that has transactions in large-scale technology and private equity investments spanning Asia, Europe, North America and the Middle East. The Halo team has extensive leadership experience in global technology and investment firms as mentioned in the press release.
In conclusion, ConsenSys, Halo Holdings and AMD partner to scale the emerging blockchain ecosystem with optimized hardware and software solutions.