Blockchain software company ConsenSys, semiconductor producer AMD, and Abu-Dhabi-based investment management firm Halo Holdings are together acting on a blockchain-based cloud computing infrastructure. ConsenSys proclaimed the collaboration during a press release published on January. 4.

Per the release, the companies have partnered to create the so called W3BCLOUD aimed towards the development of AMD hardware-based datacenter products for emerging blockchain workloads. within the collaboration, ConsenSys can provide experience in the field of computing in blockchain transactions, security problems, and use cases for the technology.

According to the statement, W3BCLOUD would be “the first” independent cloud computing blockchain infrastructure to satisfy the wants of each the public and private sector.

Director of product management and blockchain technology at AMD, Joerg Roskowetz said that the product will be designed to “tackle challenges starting from smart identity, enterprise data centers and health ID tracking, to licensing and supply chain management.”

ConcenSys, recently signed a memorandum of Understanding with South Korean technological holding SK cluster in Dec. The initiative aims at building associate degree enterprise blockchain business model by victimisation good contracts. The partnership also will include Ethereum (ETH) blockchain technology education for Korean developers through ConsenSys Academy and SK Holdings C&C’s tech training Center.

In November, AMD partnered with seven major tech firms to supply eight new cryptocurrency mining rigs. AMD stressed that the partnership can bring new “blockchain reason solutions” to the market, designed to satisfy the various aspirations of “innovative blockchain platforms.” in addition, AMD released a video on blockchain, explaining core features of the technology, listing trust, integrity and security as its key benefits.

To know more on Cryptocurrency and Blockchain events, follow us on Facebook, YouTube,  Twitter, LinkedIn, Reddit, Telegram, BitcoinTalk, and we are also on Medium now.