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ConsenSys, the development studio Ethereum has recently partnered with the California-based computer chip manufacturer Advanced Micro Devices Inc (AMD). The development is said to be in line with the company's plans to develop the latest cloud computing ecosystem based on blockchain technology.
The declaration was released on Friday 4th January 2019, from ConsenSys informing about its collaboration with AMD and with Halo Holdings, an investment company based in Abu Dhabi on an enhanced cloud computing ecosystem called W3BCLOUD. The ecosystem will be powered by the manufacturer's computer hardware designed specifically to enable decentralized applications.
On the basis of the agreement, ConsenSys will provide expertise on how blockchain transactions may require processing and how it will benefit various sectors.
Commenting on the latest event, Jerog Roskowetz, director of product management for AMD blockchain technology, said the company will offer ConsenSys access to high-performance hardware tools to enhance sizing and proliferation of centralized services and networks.
The platform developed will be able to meet the growing demand from dominant companies and listed agencies to implement technology with the goal of supporting corporate data centers, intelligent identity, health ID tracking, supply chain management solutions and Roskowetz license.
Joe Lubin, founder of ConsenSys, reported that the partnership with AMD will push the company's efforts towards the scalable adoption of emerging decentralized systems worldwide. He added that the merger of hardware and software would add a new level of infrastructure that will accelerate the adoption of blockchain technologies.
A transition to blockchain technology
AMD chips have already earned a name among blockchain network operators, mainly among retail customers who are trying to extract cryptocurrencies. According to the company's financial report of 2018, there was a time when mining encryption contributed about 10% to the company's quarterly revenue.
Since then, interest has declined, but sales to miners have fallen to negligible levels by the end of last year.
There are also reports from the company that issued software updates aimed at miners who focus on the acceleration of the blockchain process. The companies, however, did not provide any details on the request during the press conference.
Recently, ConcenSys has come to the news for signing a memorandum of understanding with the technology company SK Group, based in South Korea. It is said that the latest development is aimed at creating a business model of business. through the implementation of smart contracts. The Memorandum of Understanding envisages specific provisions for education on Ethereum's blockchain technology through ConsenSys Academy and the Tech Training Center of SK Holdings C & C.
Last year in November, AMD signed an agreement with seven giant technical modules to purchase 8 new cryptocurrency mining platforms. According to AMD, the agreement aims to encourage the adoption of the latest blockchain IT solutions in the industry with the goal of meeting the requirement of several innovative blockchain platforms. AMD has also released a video related to the blockchain technology that informs the main features and the main advantages.
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