[ad_1]
The US Department of Energy (DOE) has announced $ 4.8 million of funding for university technology research, including blockchain, according to an announcement published on January 7.
The funding was announced by the office of the fossil energy department. Projects eligible for funding include those looking for emerging technologies, "like blockchain and decentralized, peer-to-peer [P2P] Internet protocols "to protect data from fossil energy generation sensors.
The developed systems would be used to safely process data from sensors and other unspecified information flows within distributed sensor networks for fossil fuel-based power generation systems.
The DOE said that "plans to select up to 12 projects" to receive the allocation of funds.
As Cointelegraph reported in December, the Spanish renewable energy company Acciona Energía – recognized as one of the largest global renewable energy operators – is set to deploy blockchain technology to track electricity generation.
Also in December, the news reported that the government of South Korea 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 facility aims to integrate the inactive capacities of multiple energy sources to optimize energy production.
[ad_2]Source link
