ConsenSys and AMD will develop a cloud computing service on the blockchain
Ethereum company ConsenSys and computer chip maker AMD have signed an agreement to develop a new cloud computing infrastructure on the blockchain.
On Friday, ConsenSys announced the start of a partnership with AMD and investment firm Halo Holdings on the W3BCLOUD project focused on working with decentralized applications..
ConsenSys will provide expertise in blockchain transactions and technology applications.
AMD’s director of product management in the blockchain sector, Jerog Roskovets, explained that his company will become a provider of “high-performance hardware technologies designed to better scale and expand decentralized networks and services.”.
The resulting platform is expected to meet the needs of large companies and government agencies in the areas of smart identity, enterprise data center, identity tracking, licensing and supply chain management..
AMD chips are especially popular among those who need to process data in decentralized networks, in particular among miners. At a certain stage, up to 10% of AMD’s quarterly income was provided by the demand for its hardware from the miners. Their interest, however, fell along with the prices of cryptocurrencies in 2018, and the company reported that the share of the blockchain sector in its business had become “insignificant”.
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