The recent headlines on our DC Forecasts crypto news site show that blockchain is more and more present in the news. As of lately, the Department of Energy (DOE) of the United States has announced a $4.8 million worth program that will fund university research of technologies including blockchain.
According to the official announcement, the funding will be led by the department’s office of fossil energy and the projects eligible for funding include the ones researching emerging technologies such as “blockchain and decentralized, peer-to-peer [P2P] internet protocols” that secure data from fossil power generation sensors.
The developed systems would be used to process data from the sensors and the other unspecified information flows within the sensor networks for fossil-based power generation systems.
The DOE also said that it “anticipates selecting up to 12 projects” in order to receive the funding allocation.
However, this is not the first attempt to fund the research of tech including blockchain. In December 2018, the Spanish renewable energy company Acciona Energia also announced the deployance of blockchain tech to trace electricity generation.
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In the same month, there was also news about South Korea’s government and its plans to spend $3.5 million to set up a blockchain-based virtual power plant in the country’s second most populated city, Bausan.
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