US Department of Energy Progresses With Blockchain Power Plant Security Research

The partnership research scheme with Taekion is entering its second phase, focusing on blockchain’s role in preventing cyberattacks.

A blockchain project sponsored by the United States government aiming to bolster power plant security has entered its second phase, participants confirmed in a press release on April 10.

The project, principally a partnership between the U.S. Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) and Colorado-based security firm Taekion, aims to reduce the ability of cybercriminals to compromise aspects of the energy supply chain.

The effort, which is worth $1 million, utilizes blockchain to shore up security and prevent remote attacks such as those which afflicted Ukraine’s grid in 2016.

Taekion is currently researching how the technology could appear in suitable solutions, which would be deployed at power plants themselves.

“Accurate information on…

Read Full Story : News

2019-04-11 09:02:00

What do you think?

0 points
Upvote Downvote

Written by Cointelegraph

Analysts Convinced Bitcoin Bottom Is Finally In, New Highs Inevitable

IMF Seeks To Predict Future Payment Tool, Bullish on Cryptocurrency among Traditional Payments