US Department of Energy Eyeing Blockchain Solutions for Security – Seeking Proposals


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According to a recent report, the US Department of Energy (DOE) has tipped that they are currently exploring new approaches to leverage Blockchain technology for improving the current energy infrastructure. 

From the report:

The DOE is currently investigating novel approaches to leverage and explore Blockchain technology, initially developed within the financial sector, for the realization of robust fossil energy-based systems.

In recent years, the financial world has ushered in a new wave of digital currencies including Bitcoin, which is one of the most popular [Nakamoto, 2008; Andreessen, 2014; Chuen, 2015].

…A potential example of Blockchain implementation for energy systems would be envisioning nodes within sensor networks as ‘observers’ and the relevant ‘transactions’ as command signals to actuators. Implementation of a Blockchain-based open ledger of all actuation commands ever made by a hardware component may then make it possible to detect and mitigate false command signals (i.e. from hackers) and other cybersecurity threats for the achievement of a robust, reliable system.

Proposals are sought to develop novel concepts for energy systems that rely on Blockchain technology to assure robust systems that are less susceptible to cyber-attack. Direct use of real-time measurement data from sensor networks and/or “smart” components that feature embedded instrumentation or other enabling technologies that support the industrial “Internet of Things (IoT)” is strongly encouraged. Project objectives will include software development, preliminary testing to establish proof of concept, and an approach for full integration of the Blockchain-based software with system hardware at lab-scale and/or pilot scale.

According to a report in Econotimes, various other government departments in the US have been increasingly taking interest in the blockchain technology. In July 2016, the US Department of Health and Human Services (HHS) sought paper submissions on the topic of blockchain technology and its potential uses in the healthcare industry. More recently, the US Department of Commerce is hosted a public meeting to discuss the potential for interoperability across digital registries and also focus on emerging technologies such as blockchain technology and open source platforms.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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