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<p>The Engineering and Physical Sciences Research Council (EPSRC) leads the cross
Council Digital Economy (DE) Theme, which incorporates the digital currency technology
and associated distributed ledger technology activities, announced in the March 2015
Budget. To date, the DE Theme has invested around £7.2 million in the following activities:</p><p>
</p><ul><li>A £260,000 project - Third Party Dematerialisation and Rematerialisation
of Capital.</li><li>An 18-month £0.4 million project investigating the phenomena of
cryptocurrencies and their associated underlying technology - Cryptocurrency Effects
in Digital Transformations (CREDIT)</li><li>A £3.7 million for seven interdisciplinary
feasibility studies that will explore and understanding transformative use cases of
distributed ledger technology “Applications of Distributed Ledger Technology” resulting
in. Details of the projects are available on the EPSRC website at: <a href="http://gow.epsrc.ac.uk/NGBOViewPanelROL.aspx?PanelId=1-3X22ML&RankingListId=1-3X22MS"
target="_blank">http://gow.epsrc.ac.uk/NGBOViewPanelROL.aspx?PanelId=1-3X22ML&RankingListId=1-3X22MS</a></li><li>Three
projects relevant to research in applications of distributed ledger technology were
supported under “Broad applications of distributed ledger technologies” as one of
six focal areas in a £10 million call for research proposals on the Trust, Identity,
Privacy and Security in the Digital Economy call (2015) - see <a href="http://gow.epsrc.ac.uk/NGBOViewPanel.aspx?PanelId=1-37PAUA"
target="_blank">http://gow.epsrc.ac.uk/NGBOViewPanel.aspx?PanelId=1-37PAUA</a>)</li></ul><p>
</p><p>Innovate UK has funded projects that develop and commercial digital currency
technologies with various sectoral applications, related to blockchain and distributed
ledger projects for use in areas like provenance tracking of goods. Since 2004 Innovate
UK has invested nearly £2 million into these technologies.</p>
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