Ethereum start-up ConsenSys has entered into a partnership with the world-renowned manufacturer of computer chips Advanced Micro Devices (AMD) to create a new cloud computing infrastructure based on blockchain technology.
Today, @ConsenSys and @AMD have been approved for high-performance hardware, especially for large corporations and governments. # W3BCLOUD https://t.co/fcfIQijVyy pic.twitter.com/Vq7XMFo9uH
– Joseph Lubin (@ethereumJoseph) 4 January 2019 p.
The document states that, in conjunction with AMD, a startup is working with the investment firm Halo Holdings from Abu Dhabi on the W3BCLOUD project. The latter is a cloud architecture for decentralized applications.
ConsenSys will provide its expertise in blockchain solutions, and AMD will become a supplier of "high-performance hardware technologies for better scaling and deployment of decentralized networks and services."
Both companies expressed confidence that the solutions they are developing in areas such as smart identification, corporate data centers, medical data tracking, licensing and supply chain management will be in demand among large companies and state agencies.
Note that both companies are currently going through hard times. In October, AMD reported on the fall in sales of mining devices. Shares of the company have been falling since last September:
Data: TradingView
As for ConsenSys, the company is on the verge of serious organizational changes. According to some reports, a startup can lay off up to 60% of employees by reviewing its portfolio of blockchain projects.
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