RENO, NEVADA, USA, JANUARY 6, 2020 — GoChain, The Blockchain Company, today announced the addition of Lenovo Global Technology (United States) Inc. (“Lenovo”) as a signing node operator for the GoChain blockchain network.
As a signing node, Lenovo will be one of up to 50 enterprises and organizations to run specialized servers that facilitate the GoChain network’s Proof of Reputation (PoR) consensus algorithm and validate the blocks of transactions produced on the blockchain network.
The Lenovo blockchain signing node will be the first of its kind to be operated in a liquid immersion data center for cooling. The server immersion cooling technology, developed by Midas Green Technology, is currently being used by Blockchain Resources Corp to build “green” data centers which will house the Lenovo node. Immersion cooling data centers reduce energy usage through the elimination of the expensive air cooling infrastructure such as server fans, A/C compressors, air-circulation fans, ductwork, air handlers, and ancillary systems such as dehumidifiers.
This is not Lenovo’s first venture into blockchain, as they have adopted blockchain technology in product development activities and worked to apply it to internal work processes. In March 2018, Lenovo launched its new smartphone Lenovo S5, which uses blockchain technology to make payments more secure. Additionally, in June 2018, Lenovo joined Hyperledger.
“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.”Jason Dekker, Co-Founder and CEO of GoChain
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 57,000 employees and operating in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that create a more inclusive, trustworthy and sustainable digital society. By designing, engineering and building the world’s most complete portfolio of smart devices and infrastructure, we’re also leading an Intelligent Transformation to create better experiences and opportunities for millions of customers around the world. To find out more, visit https://www.lenovo.com, follow us on LinkedIn, Facebook, Twitter, YouTube, Instagram, Weibo and read about the latest news via our StoryHub.
HBK-GoChain (“GoChain”) is a joint venture between the HBK Department of Projects and GoChain. GoChain believes in driving the adoption of impactful technology for the betterment of society and our habitat. GoChain partners with companies in all industries to quickly launch and manage their own scalable, low-cost blockchain solutions, run distributed applications and to deploy smart contracts. At 1,300 transactions per second, GoChain’s network is the fastest, most reliable, web3 based public and private blockchain protocol. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits to validate transactions. GoChain also supports its designated public cryptocurrency, which has the ticker symbol GO.
Marie Gonzalez, SVP, Marketing