The U.S. Department of Energy Is Going to Finance Blockchain-Based Projects

According to the official announcement of the American Department of Energy, the federal government is going to allocate 4.8 billion dollars to sponsor various universities and institutions engaged in research and development projects, including those studying the potential of the blockchain technology.

The plans for funding are the part of the initiative organized by the Office of Fossil Energy with the aim of developing and expanding the technologies of applying fossil energy.

As for the blockchain technology, the Office is interested in utilizing it for processing “signal data and other information flows within distributed sensor networks for fossil-based power generation systems.”

Such projects may be engaged in searching for a solution for various energetic problems: from looking for the way to use fossil fuels more rationally to analyzing and providing statistical data on coal power stations.

The US has already understood the massive potential of the blockchain technology. Besides applying it in various fields, often funded by the government, the demand for the specialists in this industry has skyrocketed. We remind you:

The Demand for US Blockchain Specialists Has Grown by 700%

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