US Dept. of Energy Grants $4.8 Million to Fund Research of Tech Including Blockchain

January 10, 2019
8 Views

The U.S. Department of Energy announced $4.8 million in funding for university research that includes blockchain.

The Department of Energy (DOE) of the United States has announced $4.8 million in funding for university research of technologies including blockchain, according to an announcement published Jan. 7.

The funding has been announced by the department’s office of fossil energy. Projects eligible for funding include those researching emerging technologies, “such as blockchain and decentralized, peer-to-peer [P2P] internet protocols” to secure data from fossil power generation sensors.

The developed systems would be used to securely process data from the sensors and other unspecified information flows within distributed sensor networks for fossil-based power generation systems.

The DOE said it “anticipates selecting up to 12 projects” to receive the funding allocation.

As Cointelegraph reported in December, Spanish renewable energy company Acciona Energía  — recognized as one of the largest renewable energy operators globally — is set to deploy blockchain tech to trace electricity generation.

Also in December, news broke that South Korea’s government will spend about $3.5 million to set up a blockchain enabled virtual power plant in the country’s second most populous city, Bausan. The plant is meant to integrate the idle capacities of multiple energy sources to optimize power generation.

You may be interested

European Banking Regulators Call for Unity in Crypto Regulations
Bitcoin
Bitcoin

European Banking Regulators Call for Unity in Crypto Regulations

btcethereumadmin - January 16, 2019

Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations…

Educating the Next Wave of Bitcoin Developers
Bitcoin
Bitcoin

Educating the Next Wave of Bitcoin Developers

btcethereumadmin - January 16, 2019

Bitcoin is an open-source protocol that anybody can interact with. It is getting attention and attracting participation in different ways,…

DBS-owned Indian Bank to Close Account Over Crypto-Related Activity: Report
Altcoin
1 views
Altcoin
1 views

DBS-owned Indian Bank to Close Account Over Crypto-Related Activity: Report

btcethereumadmin - January 15, 2019

India’s first digital bank, the DBS-owned Digibank, is allegedly closing accounts involved in crypto-related activity. India’s first digital bank, Digibank,…

Leave a Comment

Your email address will not be published.