NSF seeks companions for blockchain enterprise applications
The Nationwide Science Basis is in search of companions to assist with demonstrations of blockchain-based sensible contracts that would improve its mission or enterprise processes, together with procurement and grant administration.
NSF’s monetary administration division described potential use instances in a July 6 request for info. These embody utilizing distributed ledger know-how (DLT) for digital wallets or proof-of work mechanisms, automating enforcement of contracts or grants and decreasing compliance and reporting burdens.
Over the previous 12 months NSF and the Treasury Division have labored on two proofs of ideas to see whether or not blockchain know-how might cut back the monetary reporting required with grant funding, in keeping with a Could blog post. Though the prototype that was developed was not deployed, the workforce discovered that blockchain might improve transparency of grant funding and award info, cut back reporting and enhance buyer expertise.
In addition to outlining the DLT’s worth proposition and aggressive benefits, NSF desires potential companions to element the dangers and limitations of their options, their cybersecurity options together with how they’d work with NSF’s monetary and procurement techniques.
Responses are due Aug. 2. Learn the complete RFI here.
Join with the GCN workers on Twitter @GCNtech.