The U.S. Department of Energy has announced federal funding of up to $4.8 million for universities working on R&D projects, including those related to blockchain.
Announced Monday, the funding is being made available through the department's Office of Fossil Energy as a part of the "University Training and Research" initiative aimed to develop fossil energy applications.
Projects under the initiative are aimed at achieving various objectives, including the development of early-stage technologies for more affordable domestic energy resources and improved electric grids, the department said.