United States Department of Energy to finance Blockchain research projects


The US Department of Energy has announced federal funding of up to $ 4.8 million for universities working on research and development projects, including those related to the blockchain.

Announced on Monday, funding is made available through the Department of Fossil Energy as part of the "University Education and Research" initiative aimed at developing fossil energy applications.

The projects of the initiative aim to achieve various objectives, including the development of early stage technologies for more accessible internal energy resources and improved electricity networks, the department said.

One of the areas of financing is blockchain technology that will "guarantee process signal data and other information flows within distributed sensor networks for fossil fuel-based power generation systems".

Other potential projects that do not necessarily include blockchain include those that would explore advanced computational resources for coal-fired power plants to generate analytical results, improve water reuse processes and study physical and biological sciences to measure chemical elements at all levels. 39; inside the fly ash.

The department said it funds research and development projects to reduce the "risk and cost" of advanced energy technologies based on fossil fuels and make more sustainable use of fossil resources in the United States.

This is not the first time the department has tried to explore blockchain for technological improvements. Last January, he collaborated with BlockCypher to develop solutions that would allow to regulate energy transactions on more blockchain.

And, in July 2018, the department awarded a grant of nearly $ 1 million to a Grid7 block-block startup based in Colorado, in a move aimed at advancing the development of a decentralized energy network.

Image of the power plant via Shutterstock

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