US Department of Energy provided $ 1 million to software companies that use blockchain to secure power grids

2020-7-16 02:43
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According to The Block on July 15, the US Department of Energy (DOE) announced that the organization had provided more than $ 1 million to software company InfoBeyond. The Gridchain project received funding this week in Phase 2 of the Research and Development (R&D) phase level options. Gridchain is designed to support data security in large electronic systems. In a statement from the Office of Homeland Security, InfoBeyond described the project as a way to improve national network security and protect data from potential cyber attacks.

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US Department of Energy Provides $1 Million to Companies Researching Blockchain Applications in Network Security
According to The Block on July 15, the US Department of Energy (DOE) announced that the agency had provided over $1 million to software company InfoBeyond. The Gridchain project received funding this week in Phase 2 of the Research and Development (R&D) phase level options. Gridchain is designed to support data security in large electronic systems. In a statement from the Office of Homeland Security, InfoBeyond described the project as a way to improve national network security and protect data from potential cyberattacks.
2020-7-16 02:43