US Department of Energy funds blockchain research in universities


The US Department of Energy's (US Department of Energy) Fossil Energy Office will allocate up to $ 4.8 million for university research and development projects, including the study of the use of blockchain .

In a press release, the Energy department said that the grants were part of the "Energy Education and Research Initiative" of the Fossil Energy Office, with the aim of helping in education and in the training of students who intended to be scientists and engineers.

Among the four areas of interest mentioned in the determination of the studies to be sponsored, there are the "Cybersecure sensors for the generation of fossil energy", in which emerging technologies will be studied, in particular blockchain and other decentralized peer-to-peer internet protocols, end of "Safe process signal data and other information flows within distributed sensor networks for fossil fuel-based power generation systems."

The DOE plans to select up to 12 projects for recipients of $ 4.8 million.

The mandate of the Office for Fossil Energy is to fund research and development to reduce the risk and cost of advanced fossil energy technologies, as well as to promote a more sustainable use of fossil resources in the Member States. US.

Blockchain has already begun to be used in connection with sustainable energy efforts in other countries. In Singapore, the Singapore Power Group created a blockchain-driven market for the exchange of renewable energy certificates. The platform is designed not only for Singapore-based certificates, but for those from other countries and regions.

In South Korea, the KEPCO energy company is integrating blockchain technology with its next-generation micro-grid. He also invested in blockchain research to better manage the supply of electricity, in coordination with the University of Tokyo, Mitsubishi UFJ Bank and Nihon Unisys.

Acciona Energía, based in Madrid, has already begun to track the electricity it generates with the distributed registers, to assure customers that the energy it uses comes from their facilities, which contain wind power generators and hydropower.

Note: Tokens on the Bitcoin Core (segwit) chain are called BTC coins. Bitcoin Satoshi Vision (BSV) is today the only implementation of Bitcoin following the original whitepaper of Satoshi Nakamoto for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original Bitcoin vision as fast and frictionless electronic money.
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