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Department of Energy Invests in Blockchain Platform

August 11, 2019 11:14 am

Washington D.C. —  The US Department of Energy revealed yesterday that it had issued a grant of $1.05 million to companies to create an energy transaction platform powered by the blockchain. This represents another step in bringing blockchain to municipal and enterprise-level integration. In January the Department of Energy $4.8 million to better secure data in monitoring fossil fuel reserves. Data integrity and transparency for energy production may be the largest government-sponsored sector in the near future.