Ethereum Developer ConsenSys Partners With AMD To Bolster Blockchain Industry

Although the crypto busines has stagnated, the startups driving the blockchain barge have continued to forge ahead with their efforts. Reports be suggested that ConsenSys, a key participant in the nascent Ethereum ecosystem, has partnered with a leading American multinational semiconductor corporation to induce blockchain-friendly hardware and software.

AMD And Blockchain Group ConsenSys Join Hands

On Friday, ConsenSys, the Ethereum blockchain development consortium headquartered in Manhattan, New York, sagged a press release to announce its business partnership with AMD and Abu Dhabi-based Halo Holding. The trio had any plans to” develop optimized datacenter solutions” for blockchain-related workloads and processes, by creating an weapon named “W3BCLOUD,” which presumably stands for Web 3.0 Blockchain Cloud.

ConsenSys will do a majority of the ponderous lifting when it comes to blockchain technologies, while AMD will provide hardware, servicing, and its manufacture expertise. The third company’s persona wasn’t publicly divulged, but the Middle Eastern firm is a pro-technology investment group, starting it likely that Halo is financially backing and admonishing this crusade. The press release claimed that W3BCLOUD will be focusing on initiating answers for governments and corporations.

Yet, ConsenSys didn’t full sell-out to centralized gatherings, as the release have also pointed out that a push for the adoption of decentralized works will become a part of the effort’s modus operandi as well.

Related Reading: Biggest Ethereum Development Firm, ConsenSys, May Lay Off 50~ 60% of Firm’s Workforce

Joseph Lubin, who auspiciously called a market tush simply weeks ago, showed his fervour for this busines, claiming that bolstering blockchains with AMD’s” leading-edge technology” will propagandize this game-changing innovation to centre stage across the globe. Joerg Roskowetz, one of AMD’s blockchain branch passes, also expressed his excitement for this collaboration. Roskowetz claimed that W3BCLOUD has its attentions on meeting proliferating governmental fascinate for smart name, enterprise data centers, and health ID tracking, licensing, and render chain management services.

Fruitless Blockchain Venture?

Although this collaborative struggle shouldn’t be entirely rejected, the committee is cynics who believe that ConsenSys, Halo Holding, and AMD buddying up won’t raise real products, scaffolds, or services.

Case in site, as was noted by NewsBTC months before , ConsenSys affiliated mitts with ING, Citigroup, Shell, and other global household names to launch komgo SA, a speculation aimed at creating enterprise-level blockchain solutions based on Ethereum technology. But, since the announcement of the consortium, which came in late-September , no remarkable occurrences have been overtly disclosed. This asks the million-dollar question — is creation genuinely being done?

If you want to give them the benefit of the doubt, sure. But, even still, the lack of public blooming updates is slightly perplexing, specially considering the fast-paced environment that cryptocurrency enthusiasts are acclimated to.

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