The US government seems to be active on the crypto and blockchain scene. The best way to prove this is from the latest news – in which the US government decided to help and fund a distributed ledger platform that is currently being developed by researchers at the University of California – San Diego.
According to the NSF’s website, one researcher and software architect with the Data Enabled Scientific Computing division named Subhashini Sivagnanam won $818,433 from the National Science Foundation (NSF) in order to develop the Open Science Chain (OSC) which is a distributed ledger that will help researchers access and verify data collected through scientific experiments.
NSF is a long-standing organization which serves as a key conduit for research initiatives in the US – especially when it comes to tapping federal resources. So far, the government organization has funded a lot of projects including ones that were focused on cryptocurrency incentive mechanisms and blockchain technology use cases.
Right now, the public records show that this project will focus on “a web-based cyberinfrastructure platform built using distributed ledger technologies that allow researchers to provide metadata and verification information about their scientific datasets and update this information as the datasets change and evolve over time in an auditable manner.”
According to the abstract, the network would definitely resemble a digital catalog of their work as more information is being developed and added. Most importantly, every researcher will be able to trust the data they are examining.
WordPress Is Launching A Publishing Platform With Blockchain Features
WWF Australia Launches A Blockchain Supply Tool That Allows Food Tracking
“Through OpenSC, we will have a whole new level of transparency about whether the food we eat is contributing to environmental degradation of habitats and species, as well as social injustice and human rights issues such as slavery.”Open-SC will reportedly start operating at the World Economic Forum event in Davos, where it will be presented to world leaders. In the future, the plan is to extend beyond food to tackle areas as diverse as palm oil and timber, according to Reuters.
Ford’s Plan To Fight Child Labor With Blockchain
16% Of The Biggest Crypto Exchanges Got Rated A Or A-
Join us on Facebook
- Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin
- Market Sees Red, Losing $1 Billion Overnight While Bitcoin Remains At $3,600
- WordPress Is Launching A Publishing Platform With Blockchain Features
- WWF Australia Launches A Blockchain Supply Tool That Allows Food Tracking
- Binance Prevents Losses By Freezing The Stolen Funds By Cryptopia Hacker
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News5 days ago
United States: Presidential Candidate Tulsi Gabbard Bought Crypto At Peak
Altcoin News4 days ago
Bitcoin Hovers Near $3,700 As Top Altcoins Record A Mix Of Reds And Greens
Ethereum News2 days ago
Coinbase And Kraken Officially Supporting ETH’s Constantinople Hard Fork
Ethereum News4 days ago
$100,000 Reportedly Returned From Ethereum Classic 51% Attacker
Altcoin News4 days ago
Bitcoin Drops Below $3,600 As $5 Billion Get Wiped Out Of The Crypto Market
Bitcoin Scams2 days ago
New Torrent Malware Posing As Movie File Can Replace BTC & ETH Addresses: Researcher
Altcoin News3 days ago
Major Swiss Bank Launches A Crypto Custody Solution Targeting Banks & Asset Managers
Blockchain News4 days ago
Washington’s Douglas County Wants To Build A Blockchain Innovation Campus