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Intel’s New Custom Computing Group Expand Into Blockchain Technology

Ollie Martin - AskTraders News writer
Ollie Martin trader
Updated 11 Feb 2022
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Key points:

  • Intel expand into blockchain space with new Custom Computer Group
  • The company aims to facilitate the sustainable and energy-efficient use of blockchain tech
  • Intel's blockchain accelerator is expected to provide 100x better performance

Next to ride the blockchain wave – tech giant Intel. It was only a matter of time really before the cloud, data and IT specialist hones in on the future utility of blockchain technology. Following on from the path of Google, which recently allocated a team of specialists to work towards enabling blockchain capabilities, Intel will be the latest in the leading tech companies to welcome blockchain technology.

Through its newly appointed Custom Computer Group – the company looks towards ensuring blockchain technology is sustainable and energy-efficient. 

Intel’s energy-efficient accelerators aim to facilitate the growth of blockchain technology in a “responsible and sustainable” fashion; a vital feature in a growing energy-conscious landscape. Normal blockchain technology, along with mining, all require a huge amount of energy from high-functioning computing power.

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Intel hopes to hone in customer desire to scale blockchain solutions while remaining sustainable, hence the new company group will be heavily focused on energy-efficient computing at a scalable level. 

The company’s blockchain accelerator is currently scheduled to ship later this year; engaging with prominent sustainability-focused customers such as Argo Blockchain, BLOCK, and GRID Infrastructure. The architecture is apparently implemented on a small piece of silicon, allowing it to shortcut any impact on the current supply of other products. 

The accelerator is expected to provide over 100x better performance per watt than mainstream GPUs for SHA-256 based mining – based on years of company research into cryptography, hashing techniques, and ultra-low voltage circuits. 

Intel’s plans to scale a sustainable solution to blockchain technology could prove revolutionary to the future of energy efficiency. As more giants leap into this space headfirst, competition is set to heat up the tech market. 

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Ollie Martin - AskTraders News writer
Ollie Martin trader
Oliver is a financial writer and analyst specialising in the US stock market, with years of personal experience in understanding micro/macroeconomic structures, market trends and fundamental analysis.
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