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Blockchain Certification

Ethereum Studio ConsenSys Teams Up With Chip Company AMD


Ethereum development studio ConsenSys is partnering with computer system chip maker AMD to develop a new cloud computing infrastructure based on blockchain certification technological innovation.

The startup declared Friday that it was doing work with AMD and Abu Dhabi-centered investment agency Halo Holdings on W3BCLOUD, a cloud computing architecture supported by the manufacturer’s computing components intended particularly for supporting decentralized programs.

ConsenSys will give abilities on how blockchain certification transactions may possibly need to have to be processed, as properly as use cases, as a result of this partnership.

In a statement, AMD’s director of solution administration for blockchain certification know-how, Jerog Roskowetz, spelled out that the tech large would supply ConsenSys with obtain to “high-effectiveness hardware technologies capable of far better scaling and proliferating decentralized networks and services.”

In turn, the platform need to meet a developing demand from major firms and authorities companies to use the tech to guidance smart id, business knowledge facilities, well being ID monitoring, licensing and provide chain administration remedies, he added.

In the statement, ConsenSys founder Joe Lubin reported that boosting blockchain certification networks’ computing power applying AMD technologies will aid “scalable adoption of emerging decentralized programs around the globe,” introducing:

“The mix of hardware and computer software will electrical power a new infrastructure layer and help an accelerated proliferation of blockchain certification technologies.”

Blockchain change

AMD chips have been popular in functioning blockchain certification networks, in certain by retail customers on the lookout to mine cryptocurrencies.

At just one place, as substantially as 10 percent of AMD’s quarterly income came from the crypto mining house, the enterprise noted final calendar year.

Curiosity has fallen in the months because, however, with product sales to miners dropping to “negligible” stages by the conclusion of 2018.

That currently being said, the firm has formerly introduced program updates for its miners particularly aimed at bolstering blockchain certification procedures.

AMD and ConsenSys spokespersons did not react to requests for comment by push time.

AMD graphic via JHVEPhoto / Shutterstock