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W3BCLOUD presented as "the first independent blockchain cloud computing infrastructure"
Blockchain maximum weights ConsenSys collaborates with the AMD and Halo Holdings hardware giant in Abu Dhabi to develop W3BCLOUD, a new cloud solution created for blockchain workloads.
It is not surprising that ConsenSys takes over the software duties for the new platform and will be powered by AMD hardware, given its respective expertise. Halo Holdings is an investment management company that focuses on large-scale technology transactions and private equity.
Companies say they hope to provide the first independent blockchain cloud computing infrastructure tailored for governments and commercial enterprises. Their main objective is to preserve the much vaunted security of a blockchain database while increasing its notoriously impractical transaction throughput (number of transactions per second).
ConsenSys already provides cloud hosting with its Kaleido Blockchain Business Cloud suite, launched with AWS in May of last year. ConsenSys said it had launched Kaleido to accelerate the implementation of the corporate blockchain, and the W3BCLOUD press release substantially resumed the same ambition.
However, the partnership with AMD signals an increase in ConsenSys' cloud aspirations, as the alliance will allow us to take advantage of optimized drivers. AMD is no stranger to blockchain drivers and has already created special drivers for cryptocurrency mining.
ConsenSys is a global group of technologists and entrepreneurs that promotes, researches and develops decentralized applications. It was founded in 2015 by Joe Lubin, co-founder of the popular dPP Ethereum platform.
Although ConsenSys is one of the most respected and financed groups in the blockchain space, it was no less immune to the cryptic winter of 2018. In December it was forced to cut 13% of its 1,100 employees, a figure The Verge said could rise up to 50 or 60 percent.
"Strengthening the computing power of blockchain networks with AMD's state-of-the-art technology will greatly benefit the scalable adoption of emerging decentralized systems worldwide," said Joe Lubin.
"The combination of hardware and software will feed a new infrastructural level and will allow an acceleration of the proliferation of blockchain technologies".
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