As per the release, the companies have collaborated to develop the so-called W3BCLOUD aimed at the development of AMD hardware-based datacentre products for emerging blockchain workloads. Within the partnership, ConsenSys will provide expertise in the field of computing in blockchain transactions, security issues, and use cases for the technology.
As per the statement, W3BCLOUD would be ‘the first’ independent cloud computing blockchain-based infrastructure to satisfy the requirements of both the public and private sector.
Director of product management and blockchain technology at AMD, Mr. Joerg Roskowetz stated that the product would be designed to “tackle challenges ranging from smart identity, enterprise data centers, and health ID tracking, to licensing and supply chain management.”
ConsenSys recently signed a MoU with South Korean technological holding SK Group in December. The initiative aims at building an enterprise blockchain business model by utilizing smart contracts. The collaboration will also include Ethereum blockchain technology education for Korean developers through ConsenSys Academy and SK Holdings C&C’s Tech Training Center.
In November 2018, AMD collaborates with seven major tech companies to produce eight new digital currency mining rigs. AMD emphasized that the collaboration will bring new ‘blockchain compute solutions’ to the market designed to meet the various aspirations of “innovative blockchain platforms.” Additionally, AMD released a video on the blockchain, describing the core features of the technology, listing trust, integrity, and security as its key advantages.