Just recently Coindesk wrote an article about:
The U.S. government will help fund a distributed ledger platform being developed by researchers at the University of California-San Diego.
Subhashini Sivagnanam, a researcher and software architect with the Data Enabled Scientific Computing division at the San Diego Supercomputing Center, won $818,433 from the National Science Foundation (NSF) to develop the Open Science Chain (OSC), a proposed distributed ledger which will help researchers efficiently access and verify data collected through scientific experiments, according to the NSF’s website.
NSF, a long-standing scientific organization, serves as a key conduit for research initiatives in the U.S. to tap federal resources. The government organization has funded a number of blockchain projects in previous years, including those focused on different aspects of cryptocurrency incentive mechanisms and blockchain technology use cases.
Public records show that the project entails “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.”
Simply put, the network would constitute a living – and digital – catalog of their work, growing as more information is developed and added. Researchers will be able to better trust the data they are examining, according to the abstract.
The grant will begin on Sept. 1, 2018, and carry through until Aug. 31, 2021, according to the award letter.
Communities have been really focused to really trying to educate more people to understand the true fundamentals on blockchain technology and cryptocurrencies. This combination of unbanked millions and growing Internet access makes Southeast Asia a prime candidate for innovation in fintech – and many governments are also now showing support for such innovation stated Asia Times.
Early March, Vietnam announced that they were emerging as one of the Southeast Asia’s first Blockchain Innovation Hubs.
Looking at financial inclusion alone, only 31% of adults in Vietnam have bank accounts. But smartphone ownership is on the rise, with 40% of the population expected to own these devices by 2021, which means app-based, blockchain financial services could bring the underbanked into the fold.
Instead of struggling to secure credit or invest their money, more people could grow their wealth and establish financial histories. “This presents excellent opportunities for Vietnamese startups to bootstrap their ideas and grow their user base, specifically by tapping in our massive underbanked population,” says Nicole Nguyen, head of corporate marketing at Vietnam’s Infinity Blockchain Labs.
And not to mention much about others..
Thailand is reportedly undertaking a major makeover of its state railway and postal service by combining blockchain and Internet of Things (IoT) technology.
The Philippines is employing blockchain technology to enhance, among other things, rural electrification. To help do so, the country’s government has joined forces with Shanghai-based Energo Labs to decentralize electricity storage and distribution.
Cambodia’s central bank is joining hands with Japanese company Soramitsu to build a blockchain-based payments system.
These projects, if successful, will further entrench blockchains in Southeast Asia’s technology framework. The increased involvement of venture capital and the appearance of numerous startups add to the region’s positive blockchain outlook.
These include a protocol blockchain startup Trivechain Technology, who recently signed MOU at BLOCONOMIC 2018 with Arris Venture and a Blockchain Technology Ecosystem partnership with Setia Haruman to establish 1st Blockchain Hub, a Centre if Excellence in Cyberjaya, Malaysia. Trivechain also signed MOU with Maxxcoin on Transformation Blockchain Technology to revolutionize Automotive industry.
Then there is Change, a Singapore startup that raised over $17.5 million via its Initial Coin Offering (ICO) to fund a blockchain-based finance app.
Also in Singapore, Bluzelle raised $1.5 million from various investment sources in 2017 to develop its “decentralized database” business while Coins.ph, a Filipino bitcoin-based mobile wallet, raised $5 million from a Series A funding process led by Naspers Ventures.
ICOs, despite recent bad press, have become a popular way to raise money, and the city-state of Singapore lags behind only the US, UK, and Russia in terms of the value of coin offerings.
The regional influx of investor money will only quicken the spread of apps and software that uses blockchain. Zach Piester, co-founder of Hong Kong-based fintech start-up Intrepid Ventures, probably speaks for many when he says Southeast Asia is “the center of the universe for us.”