Tachyum, a leading technology company, recently published a white paper titled “Credit Unions, Blockchain, CBDC, FinTech, and Tachyum Prodigy” on July 18, 2023. The white paper highlights the potential of Prodigy, the world’s first universal processor, to revolutionize transaction banking. and significantly reduce the environmental and financial costs associated with blockchain power consumption.

FinTech companies are using blockchain technology more frequently because it allows direct payments between the payer and the payee without the need for a middleman. PricewaterhouseCoopers estimates that 77% of FinTech companies are using blockchain now or moving towards blockchain-based goods and services. Taking the lead in the transition to blockchain-based banking products and services, credit unions are at the forefront of this movement.

However, the power consumption of blockchain and cryptocurrency technologies is a growing concern. Electricity use for crypto assets is currently between 120 and 240 billion kilowatt-hours per year, exceeding the total annual electricity consumption of entire nations like Argentina or Australia.

Tachyum’s Prodigy offers a solution to this problem. The 128-core processor runs at clock speeds of over 5 GHz, outperforming all other CPU platforms in standard data center workloads. It offers high hash performance required for blockchain banking while using only one-tenth of the power (core vs. core). This efficiencies significantly lower the total cost of ownership (TCO) of hyperscale data center operations to one-fourth that of its closest competitors.

Prodigy’s proprietary architecture allows it to seamlessly switch from normal CPU tasks to AI/ML workloads, making it highly effective in the banking industry for identifying fraud and cyberattacks before they cause significant financial damage.

Prodigy-powered data center servers can dynamically switch between workloads, eliminating the need for expensive dedicated AI hardware and significantly increasing server utilization. Prodigy delivers up to 4x the performance of the highest performing x86 processors for cloud workloads and up to 3x the highest performing GPU for HPC and 6x for AI applications.

Tachyum’s Prodigy Universal Processor is set to transform the public and private cloud, AI, HPC data center markets by unifying the functionality of a CPU, a GPU and a TPU in a single processor. This innovation is expected to save companies billions of dollars a year and contribute to the sustainable growth of data centers around the world.

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