US Government Commits $800,000 For Blockchain-Focused Research
A team of researchers in the U.S are set to benefit from a U.S. government grant targeted towards the development of a distributed ledger platform.
The researchers from the University of California in San Diego will get over $800k from the National Science Foundation (NSF).
The grant comes after Subhashini Sivagnanam, a researcher at the University won $818, 433.
Sivagnanam, who is also a software architect at San Diego’s Data Enabled Supercomputing Center, will work with other researchers on the Distributed Ledger project called Open Science Chain (OSC).
The project is meant to make it easier for researchers to develop efficient methods of accessing and verifying collected data. The OSC will give these researchers access to data collected via scientific experiments.
The National Science Foundation is one of the established scientific organizations in the U.S that plays a very crucial role in the channeling of research initiatives by tapping into federal resources.
The government-backed institution has been on the forefront of funding initiatives that have seen the development of several blockchain projects over the years. Many of these projects deal with various use cases within blockchain technology.
According to information in the public domain, the OSC project constitutes a web-based cyberinfrastructure. The platform is designed using Distributed Ledger Technology (DLT).
It also shows that the project will aim at ensuring that scientific datasets by researchers provide the metadata as well as verification information. It will also be able to update the above information as it changes and evolves.
The OSC network will constitute both living and digital catalogs of researcher’s work. It is expected that it will grow with time, improving as more researchers add relevant information.
As a result, researchers will trust most of the data they come across.
The NFS award letter indicates that the grant takes effect on September 1, and carries through to August 31, 2021.