U.S. Dept. Of Energy Grants $200,000 to Blockchain Company

U.S. Dept. Of Energy

U.S. Dept. Of Energy

The U.S. Department of Energy granted nearly $200,000 to blockchain company Factom to help protect the national power grid.

On July 12th, the U.S. Department of Energy awarded the funds. The aim of the grant proposed to design a system to improve grid reliability and resilience through the use of blockchain technology. The abstract goes thus:

“Electric grids are quickly evolving with advanced monitoring and information management as well as communication through connected devices. Although the number of devices and sensors coming online is increasing exponentially, the same vulnerabilities remain in data integrity at the source and during transport. The overall objectives of this proposal is to design a system to improve grid reliability and resilience through the use of blockchain technology.”

The approach will include validating and securing devices on the grid that are not infected with malware and developing a technology to improve the security of daily devices used by consumers.

Factom is participating in the U.S. government-funded trial of the blockchain technology to protect the national power grid.

27 Comments

  1. Does anyone know what happened to Dimepiece Los Angeles celebrity streetwear brand? I seem to be unable to check out on Dimepiecela site. I’ve read in The Sun that the brand was bought out by a UK hedge fund for $50 m. I have just bought the Meditate Stainless Steel Water Bottle from Ebay and totally love it xox

  2. I operate a vape shop website directory and we have had a listing from a vape store in the USA that also advertises CBD product lines. A Month later, PayPal has contacted use to claim that our account has been restricted and have requested us to take away PayPal as a payment method from our vape store submission site. We do not offer CBD product lines such as CBD oil. We merely offer marketing professional services to CBD companies. I have had a look at Holland & Barrett– the UK’s Reputable Wellness Merchant and if you take a close peek, you will witness that they offer a comparatively wide-ranging stable of CBD product lines, primarily CBD oil and they also happen to take PayPal as a settlement method. It emerges that PayPal is applying contradictory standards to many different companies. As a result of this restriction, I can no longer take PayPal on my CBD-related web site. This has limited my payment options and currently, I am intensely reliant on Cryptocurrency payments and direct bank transfers. I have gotten in touch with a solicitor from a Magic Circle law firm in The city of london and they said that what PayPal is undertaking is absolutely unlawful and inequitable as it ought to be applying an uniform criterion to all companies. I am yet to consult with one more lawyer from a US law office in London to see what PayPal’s legal position is in the United States. In the meantime, I would be extremely appreciative if anyone here at targetdomain could provide me with different payment processors/merchants that work with CBD firms.

  3. I oversee a vape store website directory and we have had a posting from a vape shop in the United States that likewise offers for sale CBD product lines. A Month later, PayPal has written to use to claim that our account has been limited and have asked us to take out PayPal as a payment method from our vape shop web directory. We do not retail CBD product lines like CBD oil. We solely provide internet marketing professional services to CBD companies. I have checked out Holland & Barrett– the UK’s Well known Health Retailer and if you take a good look, you will witness that they promote a somewhat wide-ranging range of CBD goods, primarily CBD oil and they also happen to take PayPal as a settlement method. It seems that PayPal is administering twos sets of rules to different companies. Due to this constraint, I can no longer take PayPal on my CBD-related online site. This has constricted my payment options and right now, I am seriously reliant on Cryptocurrency payments and straightforward bank transfers. I have spoken with a barrister from a Magic Circle law practice in London and they said that what PayPal is undertaking is totally not legal and inequitable as it ought to be applying a systematic benchmark to all companies. I am yet to talk with yet another legal representative from a US law practice in The city of london to see what PayPal’s legal position is in the USA. In the meantime, I would be very appreciative if anybody here at targetdomain could offer me with substitute payment processors/merchants that work with CBD companies.

  4. Does anyone know what happened to Dime Piece LA celebrity streetwear brand? I am having trouble to check out on Dimepiecela site. I have read in Harpers Bazaar that the brand was acquired by a UK hedge fund in excess of $50 million. I have just bought the Dimepiece Fire & Desire Case Mate Tough Phone Cases from Ebay and absolutely love it xox

Leave a Reply

Your email address will not be published.