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ConsenSys and AMD partnered to develop Cloud Computing solution based on blockchain

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Halo Holdings, an Abu-Dhabi- based investment management company, Blockchain software firm ConsenSys along with semiconductor manufacturer AMD, working on a cloud computing infrastructure based on the blockchain, announced ConsenSys through a press release on January 4.

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According to the press release, the collaboration plans to produce the so-called W3BCLOUD aimed towards the development of AMD hardware integrated datacenter products for emerging workloads in blockchain industry. Here ConsenSys role will be to provide expertise in security issues, computing in blockchain transactions, and also use cases for the technology.

The press release terms W3BCLOUD as the first of its kind of independent cloud computing blockchain infrastructure to support both the private and public sector needs.

Joerg Roskowetz, AMD’s Director of product management and blockchain technology said that the product is being designed to address the problems associated with “smart identity, enterprise data centers, and health ID tracking, to licensing and supply chain management.”

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Last December, ConsenSys signed a memorandum of Understanding with SK Group, a South Korean technological holding firm. This initiative aims to develop a blockchain based business model using smart contracts. Under the partnership, Ethereum (ETH) blockchain technology education will be provided to Korean developers through SK Holdings C&C’s Tech Training Center and ConsenSys Academy.

AMD partnering with seven major companies in technology to produce eight new mining rigs in the month of November. Stressing on the partnership it says that it’ll bring new computer solutions based on blockchain into the market.

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