UK-based research agency to award $4.5M in blockchain grants

posted 3 months ago
A UK-based research agency charged with distributing government grants has announced that £3.6m ($4.5m) will be made available to seven blockchain projects.

The Engineering and Physical Sciences Research Council (EPSRC) said the grants will range from £420,000 ($525,000) to £617,000 ($772,000). The funds will be issued under its "Digital Economy Theme", an effort aimed at supporting research around digital technologies that could have a positive impact on daily life.

The EPSRC is the main funding agency for science and research initiatives in the UK, investing approximately £800m ($100m) annually for research and postgraduate training.

According to EPSRC chief executive Philip Nelson, the decision to award the blockchain grants was made due to the apparent maturation of the industry beyond financial use cases.

Each of the seven EPSRC-funded projects will bring together universities and private-sector companies, with projects being led by professors from British colleges and universities.
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