US Dept. Of Energy Grants $4.8 Mln Fund For Tech Research Incl. Blockchain

The United States Department of Energy or DOE announced up to $4.8 million in funding for university research of technologies including blockchain.

The DOE Office of Fossil Energy’s federal funding is for research and development or R&D projects, part of Fossil Energy’s University Training and Research initiative. It aims to develop the next generation of science and engineering professionals in the fossil energy sector.

The projects also aim to advance innovative and fundamental research focused on coal-based, fossil energy resources, as well as to develop early-stage technologies that increase the affordability of domestic energy resources and improve electric grid reliability and resilience.

The areas of interest in the projects, among others, include Cybersecure Sensors for Fossil Power Generation. The agency noted that projects selected under this area will explore emerging technologies, such as blockchain and decentralized, peer-to-peer internet protocols. These technologies secure process signal data and other information flows within distributed sensor networks for fossil-based power generation systems.

The government stated that it funds research and development projects to reduce the risk and cost of advanced fossil energy technologies and further the sustainable use of the nation’s fossil resources.

Source: Read Full Article