Consensys and AMD Build Blockchain-Based Cloud Infrastructure

Blockchain software company Consensys and AMD, working with Abu Dhabi-based Halo Holdings, announced a new company called W3bcloud (pronounced web-cloud) that will build blockchain-based cloud computing infrastructure. AMD will provide the hardware, Consensys will provide the blockchain software and expertise, and investment firm Halo Holdings will raise money for the joint venture, said Maggie Love, venture lead for W3bcloud. “We’re building the future stack of blockchain compute,” Love said. She also explained the name: “this venture is seeking to really support web 3.0, also known as the blockchain. W3bcloud is looking to be part of that compute infrastructure that supports that transformation.” The new company will build data center products to support blockchain-based workloads and applications, with a focus on Ethereum — Consensys founder and CEO Joe Lubin co-created the Ethereum blockchain framework. And it will target large enterprise and government customers.