Home
News
World’s semiconductor giant Intel has plans to enter the blockchain chips manufacturing, and hopes are high that it would revolutionize crypto mining operations
Undoubted potential of Blockchain
In one way or another, blockchain can bring changes across the technology across the industries. That’s why almost every other big name in the tech industry or prominent brand across the different industries is entering or adopting blockchain technology.
Simply put, blockchain is a mechanism that keeps records like a public ledger but on an electronic network. Since its beginning, the tech has been consistently adopted for various purposes. Initially, it was confined to transactions and its records only. Still, later on, its potential use got understood by many and eventually became the base for revolutionary changes ideas like Web 3 and Metaverse like decentralized technologies.
ALSO READ – KATY PERRY MAKING WAVES WITHIN THE CRYPTOCURRENCY COMMUNITY
Intel’s take
Blockchain has proven to be a cutting edge technology, and Intel already has its name when it comes to semiconductor manufacturing technology. It would be an excellent opportunity for manufacturing giants to enter new and emerging technology. On the other hand, Intel’s entry into blockchain tech, availing semiconductors and other hardware, will bring a positive and massive push to technology.
Intel has been working on the development of blockchain tech supporting chips earlier. Its new chips will make the blockchain tasks faster and cut down its energy consumption. The Intel Chips will process more data at high speed while using comparatively fewer resources like electricity and cooling systems.
Senior Vice President of accelerated computing systems and graphics groups at Intel, Raja M. Koduri, announced on Intel’s website that Intel declares its intent to contribute to developing blockchain technologies with a proper plan and roadmap of energy-efficient accelerators.
The company will promote and engage an open-source and secure blockchain and help this technology go forward with sustainability and responsibility.
Further, he said that Intel is committed to providing solutions to customers that are sustainable and scalable. The company is more focused on developing computer technologies at a large scale that would be most energy-efficient so that blockchain tech can get its full potential without depending on too much power.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
