$70 million pours into an Israel-based company creating blockchain chips.
One of the responses to this has been the development of blockchain chips as energy-efficient accelerators. On Feb. 23, the Tel Aviv-based blockchain chip startup Chain Reaction announced it raised $70 million to expand its engineering team for developing its next chip.
“Today, if you have data is encrypted into the cloud and in order to do any data operation or data analytics, do A.I., you have to decrypt the data.” “The moment the data is decrypted, it can be attacked by a malicious user to read it, to steal it, or even to change it.“
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