India is anticipated to have its first supercomputer worth Rs 4,500 Crore funded under NSM (National Supercomputing Mission) by December 2018. The first stage of the NSM is aimed on accumulating the supercomputers. The build component will be part of the phase two. If things go as per the plan, IIT-BHU & IISER Pune will have a 650 teraflop device each and IIT-Kharagpur will have a 1.3 petaflop device by the year-end.
The C-DAC (Centre for Development of Advanced Computing) is assessing the technical bids by companies such as Fujitsu, Acer, HCL, IBM, Dell, TCS, and Netweb and the deal is expected to be awarded shortly. “The project is not just developing a supercomputer but also apps. All other components of the procedure are in progress,” claimed director general at C-DAC, Hemant Darbari, to the media in an interview.
C-DAC, together with the IISc (Indian Institute of Science) in Bengaluru, is leading this project which was declared in 2015 with much fanfare.
On the other hand, it has not been all easy sailing. A source claimed that there had been a numerous delays over the last 3 Years, majorly because the project yet does not have one devoted person leading it.
Finance has been one more problem. Only a fraction of the Rs 4,500 Crore designated towards the initiative has been issued so far and there are worries that the holdup might result in prices increasing further.
On a related note, IBM is supporting a new crypto currency pegged to the U.S. dollar, in a joint venture with Stronghold, the US-located financial services provider. Stronghold adds stability to an industry recognized for its volatility.
Purchasers of the coin will place greenbacks with the Nevada-based Prime Trust, firm’s partner bank, for Stronghold to release the tokens on 1-to-1 ratio basis.
Henry Toffoli was born and raised in Mobile. Henry has worked as a journalist for nearly a decade having contributed to several large publications including the Tuscaloosa News in the Times-Journal. As a journalist for Alabama Post Gazette, Henry covers national and international developments.