UTC-05:00,Saturday , November 17th 2018
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GPU Boasts AMD Blockchain's Power and Its Mining Equipment

01:31 Thursday , November 08th 2018
Graphical processing unit (GPU) manufacturer AMD has launched a new explainer page for both cryptocurrency and blockchain technology.

AMD is one of several mining corporations in the crypto industry. The company is likely experiencing heavy competition from Bitcoin mining giant Bitmain, headquartered in China, which is said to own roughly 50 percent of mining power and has been accused of creating what was ultimately a centralized industry.

In the explainer page, AMD has a lot of positive things to say about blockchain and suggests that it can be applied to virtually any enterprise or department such as medicine and healthcare, insurance, cybersecurity, digital advertising, supply chain management, and obviously, finance and banking.