A global blockchain solutions company going by the name Diginex has signed a Memorandum of Understanding (MoU) with Symbioses SA, a Swiss-based decentralized cloud computing company. Diginex’s infrastructure will find use in performing optimized cryptocurrency mining and verify the technical basis for the deployment of high-performance computing applications.
Symbioses and Diginex Partnership
In order to perform optimized cryptocurrency mining on the Symbioses network, Diginex will provide about 2,500 nodes (20,000GPU’s) at its data center in Europe. These will take full advantage of the modern GPU’s using special optimization techniques. Also, the automatic screening of market conditions enables for the mining of the most profitable cryptocurrency using available market information and data with less switching time required.
The ability of Symbioses to deploy more complex HPC jobs provides the capacity to enhance the current mining profit. Symbioses and Diginex will join hands to test and verify the technical basis. This is certainly for the deployment of scientific simulations, tensor-flow deployment, and rendering. By 2022, the High Performance Computing (HPC) market is likely to hit $44 billion USD. HPC in the cloud is expected to be one of the quickest developing segments. It comes with an approximated 19.9% compound annual growth rate.
What Both CEO’s are Saying
Diginex CEO, Mr. Richard Byworth had this to say:
“We believe in fostering the development of platforms that address the incoming wave of supercomputing demand. We are excited to partner with the Symbioses team, who has spent the last four years developing an automated and client-centric application aimed at lowering the entry point barriers of this technology.”
Mr. Lucas Figueroa, CEO, and Founder of Symbioses also said:
“We are delighted to announce this partnership with Diginex, a company that has both the technical know-how but also values the highest levels of client service. This comes at an opportune time, as the demand for reliable and user-friendly solutions is set to increase exponentially, and Symbioses is ready to deliver.”
About Symbioses
The company seeks to build the largest peer-to-peer network to monetize computing resources throughout the world. Therefore, it wants to connect non-interoperable networks utilizing its own off-chain protocol. By doing so, it will overcome current scalability issues of blockchains to directly challenge the entrenched oligopoly dominating cloud computing.
About Diginex
They develop and implement blockchain technology to change businesses and enrich society. They also feel that their core is their people. Furthermore, they are a blend of financial service professionals, passionate blockchain technologists, and experienced project managers. Diginex works with corporations, government, and institutions to build trust and increase efficiency.
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