US National Science Foundation Awards $800K Grant for Blockchain Research
The United States government is taking cryptocurrencies, and the potential uses cases of blockchain technology quite seriously.
According to an official statement by the National Science Foundation (NSF), the United States government will be funding a project called Open Science Chain (OSC) aimed at future scientific research on distributed ledger technology.
The distributed ledger technology project is created by Subhashini Sivagnanam at the University of California, San Diego and its main goal is to enable researchers to quickly get access to data collected during scientific experiments and aid the entire research process.
Subhashini Sivagnanam, the project’s leader, is a software architect at the division of Data Enabled Scientific Computing (San Diego Supercomputing Center) with immense experience as a researcher in his field.
The OSC project aims to tackle the sometimes complicated procedures necessary for acquiring relevant data for various projects. In short, the OSC aims to create a blockchain-powered web-based platform that will allow scientists to provide the required metadata and the required verification information about the scientific datasets.
The program is only possible thanks to an $818,433 grant offered to Sivagananam for the OSC project by the United States government. The grant’s validity starts on September 1st and is expected to remain active for three years until August 31, 2021.
A few words on the NSF’s activity
The United States National Science Foundation has been active since 1958. The institution’s main goal is to support fundamental research and education in the science and engineering fields. The grant offered to Subhashini is just a small part of its budget for 2018, which is said to be a bit over $7 billion.
The agency has also awarded a $319,705 grant to researchers looking to study the impact of Bitcoin and other digital assets/cryptocurrencies on society through an economic perspective.