US Government Endorses Blockchain With $800,000 Award To Distributed Ledger Technology (DLT) Researchers

  • Researcher and software architect Subhashini Sivagnanam has received over $800,000 from the US government-backed National Science Foundation (NSF).
  • The funds will be used to help develop the Open Science Chain (OSC) project, a distributed ledger technology (DLT) based system for efficienctly managing data from scientific experiments. 

Subhashini Sivagnanam, a software architect and developer of the Neuroscience Gateway (NSG), has reportedly received $818,433 from the US National Science Foundation (NSF), in order to help fund the development of the Open Science Chain (OSC) project.

According to the award letter, the research funding will start on September 1st, 2018 and will continue until August 31st, 2021.

The NSF website noted that the OSC will be implemented using distributed ledger technology (DLT) and will allow researchers to work efficiently with data obtained from various scientific experiments and lab studies.

Distributed Ledger Technology (DLT) For Scientific Data

Public records state that the OSC project will aim to create 

"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."

National Science Foundation

Notably, the NSF is one of the world’s leading scientific research centers and has helped launch several US government-backed projects and studies. In July 2017, a researcher at Princeton University received over $400,000 from the US government to help fund his study on the application of mechanism incentives to blockchain-based digital currencies.

Improving Cyber-Infrastrucure

Earlier in January, 2017, the NSF announced its plans to help fund projects related to exploring the use of blockchain technology in improving cyber-infrastructure. The foundation had been looking to fund up to nine different projects, with each project receiving approximately $1 million from the federal government.

In its March, 2017 program solicitation called Cybersecurity Innovation for Cyberinfrastructure, the NSF noted,

"With the growing amount of remote instruments and the increasing amount of data being collected from multiple, often remote, wireless and mobile sensors, science is increasingly distributed and virtual. Solutions such as the introduction of blockchain technology are needed to ensure the integrity and confidentiality of data as it traverses multiple environments such as mobile, cloud, campus, and Internet networks."

National Science Foundation

In 2015, the research foundation had awarded about $3 million in funding for a cryptocurrency-related research study carried out by a group of scientists from University of California Berkeley, Cornell University and the University of Maryland.

New Public Blockchain Hedera Hashgraph Launches with 26 Dapps

Michael LaVere
  • Hedera Hashgraph launches open access to its mainnet blockchain with 26 dApps. 
  • Network will support 10,000 transactions per second, in addition to smart contracts and file services. 

The Hedera Hashgraph team has announced the successful launch of its public blockchain mainnet on Sept. 16, which includes 26 decentralized applications. 

Hedera Launches Public Mainnet

According to the release, Hedera Hashgraph is now open to the general public after months of being in a closed beta network for select developers.

Hedera claims to be have a faster consensus algorithm than the blockchain used by Ethereum and Bitcoin, capable of supporting 10,000 transactions per second. The open-access mainnet also allows users to operate smart contract and files services, with the team planning to increase the network’s speed “methodically throughout the remainder of 2019.”

Heredera’s Hashgraph achieves this transaction throughput thanks to a unique feature called gossip, which sees nodes within its network share information – gossip - on transactions, and subsequently gossip on gossip to record each event on the network and create a hashgraph of information.

The network reportedly achieves consensus and is secure by a virtual voting process, where the hashgraph technology uses nodes to ensure Byzantine fault tolerance. Hedera further has a Consensus Service under development that will be made available to the public later in the year. 

Mance Harmon, co-founder and CEO of Hedera Hashgraph, said, 

We are thrilled that, through open access, dozens of decentralized applications are now live and running on the mainnet, along with mirror nodes and other parts of the ecosystem designed to expand Hedera’s reach and adoption.

Hedera uses “council members” to run nodes and maintain the decentralization of the blockchain. The 39 council members, which include IBM and Boeing, also govern changes to the software. 

The enterprise-focused network has earlier this week seen its cryptocurrency, HBAR, get listed on leading cryptocurrency trading platform OKEx as three new trading pairs – HBAR/BTC, HBAR/USDT, and HBAR/USDK were added.

In a press release Andy Cheung, OKEx’s Head of Operations, stated:

Hedera and OKEx share the same goal of building a trusted, safe, and fair digital future for everyone through developing a neutral, open-access infrastructure. With such a powerful, enterprise-grade ledger technology, we believe it is a big step forward in mainstream adoption of decentralization. We are excited to support the Hedera platform and continue to lead this industry forward.

To celebrate listing HBAR, the cryptocurrency exchange launched a 500,000 token giveaway that will see holders and market makers who create maker orders on OKEx have a chance to win a share of the HBAR tokens being given away.

The first 5,000 traders to trade a HBAR trading pair, OKEx’s announcement reads, are also entitled to a share of 150,000 of the half a million HBAR being given away, in proportion to the volumes they trade.

Featured Image Credit: Photo via Pixabay.com