Blockchain Projects Diginex And Symbioses To Partner For Mining Network
After its partnership with the Mekong Club, an anti-slavery group, at the end of August, Diginex has once again gone to out to find institutional partners to adopt its technologies. Diginex, a global blockchain solutions company made an announcement this September 3rd 2018, publicizing its partnership to provide decentralized ledger infrastructure Symbioses SA Ltd.
Diginex, a blockchain based solution company signed a Memorandum of Understanding (MoU) with the Switzerland based digital cloud computing service provider, Symbioses SA. Diginex will offer its infrastructure to Symbioses to perform optimized cryptocurrency mining and verify the technical basis for the deployment of high-performance computing (HPC) applications.
To perform optimized cryptocurrency mining on the Symbioses network, Diginex will provide close to 20,000 graphical processing units (GPUs) representing roughly 2,500 nodes. The process will be enhanced through taking advantage of the modern GPUs that use unique optimization techniques. Furthermore, the automatic screening of market conditions allows for the mining of the most profitable cryptocurrency using available market information and data in an instant with minimal delays in the switching times.
Analysts estimate that the market for these high performance computing application will reach $44 billion USD by 2022. The HPC field is set to grow most on these cloud systems with an estimated 19.9% compound annual growth rate which shows the reasons for the partnership. Diginex will optimize cryptocurrency mining and HPS in an automated fashion to maximize on the increasing market demand.
The MoU Signed Between Diginex And Symbioses
The MoU signed between Diginex and Symbioses will see the two tech firms work hand in hand to test and verify the technical basis for the deployment of scientific simulations, tensor-flow deployment and rendering. The two company bosses had encouraging words regarding the MoU signed praising the partnership as a future winner.
The CEO at Diginex, Richard Byworth, spoke of his appreciation at the partnership fostered with Symbioses as it looks forward to reducing the overall barriers to entry in that technological field while focusing on the upcoming wave of supercomputers in the near future. The two partners will work towards building efficient and user-friendly applications in the decentralized ledger technology field.
“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 have spent the last four years developing an automated and client-centric application aimed at lowering the entry point barriers of this technology.”
– Mr. Richard Byworth, CEO at Diginex
On the opposite side of the deal, Lucas Figueroa, the CEO and co-founder of the Symbioses, was delighted at the partnership praising the quality of team members from both companies who show expertise and prowess in providing automatic and client-centric applications that are efficient, reliable and offer user-friendly solutions.
“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.“
Diginex is a global blockchain solution tech firm that aims to transform businesses and better the living standards of its customers. The company boasts of experienced financial service professionals, passionate blockchain technologists and experienced project managers that work towards building the first full service and advisory partner through creation of trustless and decentralized systems.
Symbioses SA is a Swiss based company that aims at creating a peer-to-peer network to monetize computing services throughout the world, connecting non-interoperable networks utilizing its own off-chain protocol, and overcoming current scalability issues of blockchains.