NSF seeks partners for blockchain business programs – GCN

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NSF seeks companions for blockchain enterprise applications

The Nationwide Science Basis is searching for companions to assist with demonstrations of blockchain-based good contracts that would improve its mission or enterprise processes, together with procurement and grant administration.

NSF’s monetary administration division described potential use circumstances in a July 6 request for data. These embrace utilizing distributed ledger expertise (DLT) for digital wallets or proof-of work mechanisms, automating enforcement of contracts or grants and decreasing compliance and reporting burdens.

Over the previous yr NSF and the Treasury Division have labored on two proofs of ideas to see whether or not blockchain expertise may scale back the monetary reporting required with grant funding, in keeping with a Might blog post. Though the prototype that was developed was not deployed, the crew discovered that blockchain may improve transparency of grant funding and award data, scale back reporting and enhance buyer expertise.

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Moreover outlining the DLT’s worth proposition and aggressive benefits, NSF needs potential companions to element the dangers and limitations of their options, their cybersecurity options together with how they might work with NSF’s monetary and procurement programs.

Responses are due Aug. 2. Learn the complete RFI here.

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