The US Department of Homeland Security (DHS) has awarded a grant of $750,000 each to two Blockchain startup companies: Digital Bazaar and Evernym. Under the terms of this award, both companies will work toward the development of Blockchain-based commercial solutions for both public and private applications.
Under the Phase 2 funding from DHS’ Science and Technology (S&T) Directorate, the companies were mandated to address four use cases, namely:
Internet of things (IoT) devices and sensors;
processing of international travelers;
border trade facilitation;
identity management.
The grant money was sourced from the directorate’s Small Business Innovation Research (SBIR) program. The fund also supports creating the building blocks for technology solutions, including the drafting of standards for the technology.
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