National Science Foundation seeks to fund research of how technologies such as Blockchain may improve cyber-infrastructure resiliency. Public ledger of every Bitcoin Transaction ever been executed is known as Blockchain, which constantly grows as blocks ‘completed’ are added with recent set of recordings, which then are added to blockchain in a chronological order. A federal agency, independent, created by Congress in 1950, the NSF (National Science Foundation) promotes science progress, to advance national welfare, prosperity and health as well as to secure national defense. NSF supports people and basic research that helps to create knowledge transforming the future.
According to the ‘grant proposal solicitation’ released initially last year and updated on start of 2017, NSF proposes $8.5 million to fund research. The agency would be providing seven to nine awards, $1 million per piece. Even if not focused explicitly on blockchain, the grant puts a mild stress on invoking this technology, as one of the exploration topics, once granted by funds. A US government agency, National Science Foundation, funds scientific research among a variety of areas as well as supports education and fundamental research into all non-medical streams of engineering and science, National Institutes of Health being its medical counterpart.
According to the solicitation note, with the increasing data amount getting collected from, often remote, multiple mobile and wireless sensors, science is virtual and increasingly distributed. Solutions like introduction to blockchain technology are in need to ensure the confidentiality and integrity of data since it journeys over multiple environments as of cloud, campus, mobile and internet networks. It is not for the first time, NSF has loaded its weight backing research that involves technology. In mid-2015, $3 million was awarded by the agency, against a cryptocurrency research project, in grant funding, involving participants from California Berkeley University, Cornell and University of Maryland. The US government, on a broader scale in previous one and a half year, has moved to fund or promote startups or blockchain projects.
NSF is searching for teams that are university-based, for this latest round of grant, as well as research outfits and non-profits, for submitting proposals. According to the Solicitation sheet, 1st March is the deadline for proposal.