The U.S. Department of Energy has begun a formal survey into blockchain technology, with a large budget to match.
As revealed by the department on its website, a nearly $5 million fund has been earmarked for use in general “University Training and Research for Fossil Energy Applications.” The goal for this overall investment is to explore several different and promising avenues of energy development, including the training of new scientists and engineers.
Of particular note, however, is that the announcement put a specific emphasis on decentralized blockchain protocols, which it called an emerging technology “that secures process signal data and other information flows within distributed sensor networks.”
The notice offers only vague details about how exactly the Department of Energy will go about allocating or spending this sizable research fund. Still, the fact that blockchain technology ranks so prominently on the department’s list of concerns should be a good sign for enthusiasts of decentralization.