ConsenSys has issued a press release stating that it is entering into a collaboration with Abu-Dhabi-based Halo Holdings and processor producing giant AMD to develop blockchain-based cloud computing infrastructure.
The infrastructure will be known as W3BCLOUD, where the three companies will be developing “optimized datacenter solutions for emerging blockchain workloads”.
“W3BCLOUD is focused on providing the first independent cloud computing blockchain
infrastructure, combining increased transaction throughput with state-of-the-art security,” says ConsenSys.
While ConsenSys will provide expertise on matters relating to blockchain transactions and use cases, AMD will be the hardware-focused partner. Joseph Lubin, founder of ConsenSys and co-creator of Ethereum, explains: “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.”
AMD’s director of product management for blockchain technology, Jerog Roskowetz, says AMD is “excited to work with ConsenSys”, and believes this partnership will “tackle challenges ranging from smart identity, enterprise data centers, and health ID tracking, to licensing and supply chain management”.