In a press release published on 4th of Jan 2019, Blockchain development company ConsenSys announced its collaboration with AMD and Abu-Dhabi based investment firm Halo Holdings for developing a Blockchain-based cloud computing infrastructure solution, code-named ‘W3BCLOUD .‘
The product W3BCLOUD, which is proposed to be the first ever independent cloud computing Blockchain infrastructure meant to upkeep the needs of modern public and private domain. ‘W3BCLOUD’ will first help in the development of AMD hardware-based datacenter products for emerging blockchain workloads.
With this ambitious merger, ConsenSys aims to extend its expert knowledge base into the field of crypto transactions, Blockchain, Cybersecurity along with developing cloud technologies.
According to AMD’s Director of product management and blockchain technology, Joerg Roskowetz, “the product will be designed to tackle challenges ranging from smart identity, enterprise data centers, and health ID tracking, to licensing and supply chain management.”
Last year in December, ConcenSys has also tied up with South Korean technological holding SK Group to help build an enterprise blockchain business model with extensive application of smart contracts. Apart from smart contracts, the merger will also focus on cryptocurrency platforms like Ethereum and blockchain related education offering for Korean developers.