AMD, which aims to enter the cryptocurrency market, is apparently the latest GPU manufacturer to focus on blockchain technology.
AMD GPU maker interested in Blockchain Sector
With this in mind, AMD has launched a new explanation page on technology related to block chains and cryptocurrency. While acknowledging that crypto coins are the most popular application for blockchain, the company also suggests that this technology has enormous potential to influence another important number of sectors.
Therefore, AMD shared the following list of sectors that could benefit from the Blockchain application:
- Medical
- Finance and banking
- Insurance
- Internet of Things (IoT) and Networking
- Digital displays
- Cybersecurity
- Supply chain management
- Forecasting
- Cloud computing
- Government
- Retail sales
- Real estate
- Publications
- Non-profit energy
AMD is enthusiastic about Blockchain for a technology that has not found much productive use outside of Bitcoin and Ethereum (and some other private-sector oriented currencies) at the moment. In fact, it would add it to its list of applications and virtually any industry.
However, many critics would doubt the validity of the above-stated pints but AMD apparently wants this site to become an institutional voice serving as a selling mechanism for its new hardware line that seems suitable for cryptocurrency mining.
In this sense, other industry giants like Bitmain have to worry, as there seems to be fierce competition for the leadership of the sector.
On the other hand, technological giants such as Samsung have also expressed interest in the cryptocurrency sector, although there is still no progress in this area for the time being.
In addition, it is important to note that after the sharp rise in GPU manufacturers’ stock prices when the cryptocurrency market peaked, these gains are now quickly disappearing with this sharp decline in the year 2018.
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