[ad_1]
The software company Blockchain Consensys and AMD, in collaboration with Halo Holdings of Abu Dhabi, announced a new company called W3bcloud (pronounced web-cloud) that will build a blockchain-based cloud computing infrastructure.
AMD will supply the hardware, Consensys will provide blockchain software and experience, and the investment company Halo Holdings will raise funds for the joint venture, said Maggie Love, venture lead for W3bcloud. "We are building the future blockchain computing stack," Love said.
He also explained the name: "This company is trying to really support web 3.0, also known as blockchain, W3bcloud is trying to be part of that processing infrastructure that supports this transformation."
The new company will build data center products to support workloads and blockchain-based applications, with a focus on Ethereum – Consensys founder and CEO, Joe Lubin, co-created the Ethereum blockchain structure. And it will target large companies and government customers.
"We are focusing on bringing an extra layer of security to blockchain networks and data hosted on blockchain networks," Love said. "We want to provide a more robust infrastructure that can handle the heavy IT workloads of large corporations and governments, while providing a level of security that goes down the stack, in addition to software, which should allow for a broader adoption of decentralized applications ".
AMD hardware
When asked why Consensys is working with AMD compared to, say, Intel, Love said it could not tell if AMD is better than other chip makers when it comes to supporting blockchain-based workloads. "But I can say that we are trying to provide cutting-edge technology, and AMD is committed to working with us on this, we have been talking to them for a long time and there is a lot of synergies and enthusiasm around AMD's blockchain. "
In a statement, Joerg Roskowetz of AMD, director of product management for blockchain technology, said: "We are thrilled to work with Consensys and provide them access to high-performance hardware technologies that can scale and proliferate decentralized networks and services to meet Growing interest from large companies and governments seeking to address challenges ranging from intelligent identities to corporate data centers and tracking of health IDs, licensing and supply chain management, "he said.
Companies will not provide a timetable for when they intend to launch these technologies. But Love claimed to be committed to solving business problems related to web 2.0, or the privacy and security of users. "Blockchain is trying to solve those problems, but it's difficult to climb," he said. "This project is trying to provide a more robust infrastructure so that we can actually scale these blockchain networks, and it was designed with the Web 3.0 in mind."
