US Government Grants $800K for Blockchain R&D

With growing adoption, blockchain integration continues to proliferate across nations worldwide.

The U.S. government has invested $800,000 in developing a research-oriented distributed ledger, called Open Science Chain.

The U.S. government has granted $818,433 to researchers at the University of California-San Diego for the development of Open Science Chain, according to the National Science Foundation.

Researcher and software developer Subhashini Sivagnanam won the grant from NSF, a government organization dedicated to distributing federal funds to research initiatives and projects.

The grant will initiate on Sept. 1, 2018, and end on Aug. 31, 2021.Global Blockchain Integration on the Rise.

On July 5, IBM signed a 1 billion AUD deal with the Australian government to upgrade data security systems using blockchain technology.

Through the agreement, IBM will provide technology services-including blockchain, artificial intelligence and automation-to the defense and home affairs departments of the Australian government.

The South Korean Ministry of Sciences and ICT announced its "Block Chain Technology Development Strategy" on June 21-divulging plans to invest over 230 billion KRW into public and private blockchain projects.

The Ministry also revealed plans to use the allocated funds to enhance South Korea's competitive advantage in the future of blockchain integration across applicable industries.

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