Although the market has stagnated, the startups driving the boat have continued to forge ahead with their efforts. Reports indicate that ConsenSys, a key participant in the nascent ecosystem, has partnered with a leading American multinational semiconductor conglomerate to produce -friendly hardware and software.
AMD And Blockchain Group ConsenSys Join Hands
On Friday, ConsenSys, the development consortium headquartered in Manhattan, New York, dropped a to announce its business partnership with AMD and Abu Dhabi-based Halo Holdings. The trio intends to “develop optimized datacenter solutions” for -related workloads and processes, by creating an arm named “W3BCLOUD,” which presumably stands for Web 3.0 Cloud.
ConsenSys will do a majority of the heavy lifting when it comes to technologies, while AMD will provide hardware, servicing, and its industry expertise. The third company’s role wasn’t publicly divulged, but the Middle Eastern firm is a pro-technology investment group, making it likely that Halo is financially backing and advising this venture. The press release claimed that W3BCLOUD will be focusing on creating solutions for governments and corporations.
Yet, ConsenSys didn’t full sell-out to centralized parties, as the release noted that a push for the of decentralized applications will become a part of the effort’s modus operandi as well.
Related Reading:
Joseph Lubin, who auspiciously called a market bottom just weeks ago, expressed his excitement for this operation, claiming that bolstering bitcoins with AMD’s “leading-edge technology” will push this game-changing innovation to center stage across the globe. Joerg Roskowetz, one of AMD’s branch leads, also expressed his excitement for this collaboration. Roskowetz claimed that W3BCLOUD has its eyes on meeting growing governmental interest for smart identity, enterprise data centers, and health ID tracking, licensing, and supply chain management services.
Fruitless Blockchain Venture?
Although this collaborative effort shouldn’t be entirely discounted, there are cynics who believe that ConsenSys, Halo Holdings, and AMD buddying up won’t produce real products, platforms, or services.
Case in point, as reported by ConsenSys joined hands with ING, Citigroup, Shell, and other global household names to launch komgo SA, a venture aimed at creating enterprise-level solutions based on technology. But, since the announcement of the consortium, which came in late-September, no notable developments have been overtly disclosed. This begs the million-dollar question — is work really being done?
If you want to give them the benefit of the doubt, sure. But, even still, the lack of public development updates is slightly disconcerting, especially considering the fast-paced environment that enthusiasts are acclimated to.
Featured Image from Shutterstock
Published at Sun, 06 Jan 2019 02:54:15 +0000
