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.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.