US Government to Grant $800k to Blockchain Researchers

As reported, the U.S. government will help fund a distributed ledger platform being developed by researchers at the University of California-San Diego
21 August 2018   450

The US government will support a distributed registry technology developed by employees of the University of California at San Diego, CoinDesk reports.

The researcher and software developer of the Data Enabled Scientific Computing division at the San Diego Supercomputing Cente, Subhashini Sivagnanam, won a $ 818,433 National Science Foundation (NSF) grant for the development of an open scientific circuit (OSC) - a distributed registry, through which researchers can effectively access data, collected in the course of various scientific experiments, and verify it.

NSF is a scientific organization that helps to distribute federal resources in favor of various research initiatives. In recent years, it has supported several blockchain projects, including those that deal with various aspects of incentive mechanisms in cryptocurrencies and blockchain.

According to the available information, the latter project creates "a web-based cyberinfrastructure platform built using distributed ledger technologies that allows researchers to provide metadata and verification information about their scientific datasets and update this information as the datasets change and evolve over time in an auditable manner" .

In other words, the proposed network will be an up-to-date register of researchers' work, which will grow as new information is added to it. Thanks to this network, researchers will be able to trust the data with which they will have to work more.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   111

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.