Computer chip maker AMD and ConsenSys partner to develop blockchain-based cloud computing infrastructure

Blockchain startup ConsenSys has announced its partnership with computer chip maker AMD and investment management firm Halo Holdings.

Under the partnership, the companies will develop optimized datacenter solutions for emerging blockchain workloads through the creation of “W3BCLOUD.”

W3BCLOUD is a cloud computing blockchain infrastructure with increased transaction throughput and state-of-the-art security. It will be powered by AMD hardware that is capable of supporting a variety of workloads and applications, as well as boosting the adoption of decentralized applications.

ConsenSys will provide its blockchain software expertise to the project, providing insight into efficient compute usage for blockchain transactions, security requirements, and emerging use cases for the technology.

Joerg Roskowetz, director of product management, Blockchain Technology, at AMD, said that AMD would provide ConsenSys with “access to high-performance hardware technologies capable of better scaling and proliferating decentralized networks and services.”

The objective is to meet the growing interest from large corporations and governments that are seeking to tackle challenges ranging from smart identity, enterprise data centers and health ID tracking, to licensing and supply chain management, he added.

“Bolstering the compute power of blockchain networks with AMD’s leading-edge technology will be of great benefit to the scalable adoption of emerging decentralized systems around the globe,” ConsenSys co-founder Joseph Lubin said. “The combination of hardware and software will power a new infrastructure layer and enable an accelerated proliferation of blockchain technologies.”