Share this article

National Science Foundation to Fund Blockchain Security Research

The National Science Foundation is seeking to fund research into how technologies like blockchain can improve cyberinfrastructure resilience.

Updated Sep 11, 2021, 12:59 p.m. Published Jan 10, 2017, 12:00 p.m.
funding

The National Science Foundation (NSF) is seeking to fund research into how technologies like blockchain can improve the resiliency of cyber-infrastructure.

According to a grant proposal solicitation initially released last year and updated at the start of 2017, the NSF is looking to fund research to the tune of $8.5m. The agency is looking to grant between seven and nine awards of up to $1m apiece.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

While not explicitly focused on blockchain, the grant does invoke the technology as one topics of exploration once funds have been granted. The NSF is a US government agency that funds scientific research in a variety of areas.

As the solicitation noted:

“With the growing amount of remote instruments and the increasing amount of data being collected from multiple, often remote, wireless and mobile sensors, science is increasingly distributed and virtual. Solutions such as the introduction of blockchain technology are needed to ensure the integrity and confidentiality of data as it traverses multiple environments such as mobile, cloud, campus, and Internet networks.”

It’s not the first time that the NSF has thrown its weight behind research involving the technology.

In mid-2015, the agency awarded roughly $3m in grant funding for a cryptocurrency research project involving participants from Cornell, the University of Maryland and the University of California Berkeley.

On a broader scale, the US government has moved in the past year and a half to promote or fund blockchain projects or startups.

For this latest grant round, the NSF is looking for university-based teams, as well as nonprofits and research outfits, to submit proposals. The proposal deadline is 1st March, according to the solicitation sheet.

Image via Shutterstock

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

More For You

Bitcoin climbs above $89,000 as U.S. dollar tumbles on President Trump's remarks

Donald Trump points at the audience during a press conference at the White House.

The president said he isn't concerned about the dollar's recent declines, sending the greenback plunging even lower.

What to know:

  • Bitcoin rallied above $89,000 as remarks by President Trump sent the dollar to its lowest level in nearly four years.
  • Gold rose to a new record above $5,200 per ounce following the president's comments.
  • One analyst is seeing a bullish technical divergence which could send bitcoin back to $95,000 in short order.