Meet GoChain, a blockchain application ecosystem which recently announced the addition of Lenovo Global Technology (United States). Basically, Lenovo and GoChain entered a partnership where the first would be a signing node operator for the GoChain blockchain network.
Even though the deal was inked in January, there hasn’t been much of an update regarding the process. What we know from the cryptonews is the fact that as a signing node, Lenovo will be one of up to 50 enterprises and organizations which would run specialized services and facilitate the Gochain network and its Proof of Reputation (PoR) consensus algorithm. They are also validating the blocks of transactions produced on the blockchain network.
As such, the Lenovo blockchain signing node is the first of its kind to be operated in a liquid immersion data center for cooling. When it comes to the server immersion cooling technology (which was developed by Midas Green Technology) – it is currently being used by Blockchain Resources Corp. in order to build “green” data centers which will house the Lenovo node.
For those of you who are not following blockchain news or do not know the technicals, immersion cooling data centers are basically centers which reduce energy usage through the elimination of the expensive air cooling infrastructure. This includes server fans, air-circulation fans, ductwork, A/C compressors, air handlers, anciliary systems, etc.
Another thing worth noting is that the Lenovo and GoChain partnership is not the first venture into blockchain technology for Lenovo. The company have already adopted blockchain technology in product development activities before. They worked to apply it to internal processes as well.
In March 2018, Lenovo launched the new smartphone named Lenovo S5, which uses blockchain tech in order to make payments more secure. In June 2018, Lenovo joined Hyperledger.
The CEO of GoChain, Jason Dekker, commented on the new partnership between Lenovo and GoChain, stating:
“We are extremely proud to not only welcome Lenovo as a Node signer, but to be part of a pioneering effort in green technology. GoChain was founded with a focus on driving adoption of technology for the betterment of society and we strongly support their commitment to reduce energy usage with liquid immersion cooling technology.”
Currently, GoChain’s GO token sits at the 333rd place on the market cap, trading at $0.008.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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