Blockchain Security Research to be funded by National Science Foundation

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.

About Shambhu Nath Jha 20 Articles
Shambhu Nath Jha with an experience nearing a decade, has helped over 50 large and medium to small business enterprise to foray into new markets, increase footprint in the existing bucket and understand the nature of the beast. These beasts are the companies that have been primarily engaged in chemicals, material or packaging activities, and encountering challenge either in maintain P&L or staying ahead of their competitors. He has authored over 300 industry research papers consisting critical information such as market growth, total addressable market, serviceable addressable market, market size, forecast, player strategies, market share estimates and winning imperatives along with recommendations. He is also the pioneer of “three slope distributor/off-taker evaluation model” used by several multinational companies to track the performance of channel partners. A consultant by profession, writer by mood and explorer by desire, Shambhu Nath is currently employed with a London based market research and consulting firm as a full time consultant. A few of the industry verticals where he demonstrated his skill includes water and wastewater treatment chemicals, high purity alumina, water purifiers, activated carbon, chloramine filters, bio-based bioplastics, water purifiers, textile chemicals etc.