Cryptocurrency News

U.S. Government Is Supporting The Development Of New Blockchain Based Projects.

The U.S. government is supporting a distributed ledger platform being developed by several researchers at the University of California in San Diego.

Subhashini Sivagnanam, a worker with the Scientific Computing division at the Supercomputing Center, won around $818,433 USD from the NSF ’National Science Foundation to develop a project based on the distributed ledger platform that would enable the researchers to access, collect and verify information through scientific experiments. 

NSF, a renowned scientific organization, is a key passage for analysis initiatives within the U.S. to faucet federal resources. Recently also the govt. organizations have funded variety of blockchain projects that came in previously, together with those centered on completely different aspects of cryptocurrency incentive mechanisms and blockchain technology use cases.

The network thus being developed would represent a living – and digital – catalog of the work growing, as a lot of data is collected and stored. Researchers are now able to trust more on the examining and efficient storing of their data more securely.

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