Ethereum production studio ConSensys has announced a new partnership with hardware giant AMD. The collaboration will lead to the development of data solutions for blockchain technology.
The ConsenSys project is led by Ethereum co-founder Joe Lubin, and is intended to encourage innovation and support startups that make use of the Ethereum blockchain and smart contract system.
The studio struggled financially in 2018 as the fortunes of ETH and the crypto market in general took a turn for the worse. This led to large-scale redundancies towards the end of the year, and some controversy over how they were carried out.
In a statement, Lubin said "Bolstering the computer power of blockchain networks with AMD’s leading-edge technology will be of great benefit to the scalable adoption of emerging decentralized systems around the globe. The combination of hardware and software will power a new infrastructure layer and enable an accelerated proliferation of blockchain technologies."
AMD's involvement with the crypto and blockchain space started with the development of specialized mining hardware. This arm of its business was another casualty of the 2018 bear market, with increasingly low sales figures reported.