US DOE Dedicates $1.05 Mil to Blockchain Energy Management Platform
Kollen Post's original article for cointelegraph.com reduced by 77%
The United States Department of Energy has awarded a grant worth $1.05 million to organizations working to commercialize a blockchain-based energy transaction platform. The news comes from an August 9 press release shared by energy company ComEd, one of the grant's four reported recipient organizations. The others are the University of Denver, Virginia Tech and BEM Controls, a company specializing in energy management software.
The new project is reportedly a continuation of BEM Controls' existing DOE-funded work on software to enhance energy efficiency in buildings. "The growing proliferation of distributed energy resources calls for advanced management frameworks that support peer-to-peer communications while being fast, scalable and secure Now is the time to develop and demonstrate the technologies that can make a more sustainable and resilient future possible." The DOE has shown growing interest in using blockchain in energy grid applications. In April, the DOE announced a partnership with Colorado-based security firm Taekion to deploy blockchain in power-plant security.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.