Abstract & Details
Description
Award ID: 2112021
The broader impact/commercial potential of this Small Business Innovation Research (SBIR) Phase II project is to facilitate access to banking services through use of blockchain/distributed ledger technology, even with limited internet access. The proposed technology can make transfers more affordable and convenient. Digitizing transfers increases speed, reduces exchange and transfer fees, and lowers the risk associated with carrying cash. This proposed technology enables access for the 13 million people currently underserved by the financial industry. If successful, this technology could improve efficiency and resilience of transfers worldwide. The project's anticipated results include 60% cost reduction compared to traditional transfer systems,
NSF Program Director: Anna Brady-Estevez
The broader impact/commercial potential of this Small Business Innovation Research (SBIR) Phase II project is to facilitate access to banking services through use of blockchain/distributed ledger technology, even with limited internet access. The proposed technology can make transfers more affordable and convenient. Digitizing transfers increases speed, reduces exchange and transfer fees, and lowers the risk associated with carrying cash. This proposed technology enables access for the 13 million people currently underserved by the financial industry. If successful, this technology could improve efficiency and resilience of transfers worldwide. The project's anticipated results include 60% cost reduction compared to traditional transfer systems,
NSF Program Director: Anna Brady-Estevez
| Status | Closed |
|---|---|
| Effective start/end date | 02/01/22 → 01/31/24 |
Funding
- SBIR Phase II: $855,394.00
Active Fiscal Year
- FY2024
- FY2023
- FY2022
Start Fiscal Year
- FY2022
TIP Programs
- SBIR Phase II
Small Business
- Yes
Key Technology Areas
- Data and Cybersecurity
- (confidence score: 100%)
Technology Foci
- Data Privacy
- (confidence score: 95%)
- Distributed Ledger Technologies
- (confidence score: 100%)
- Data Management / Databases
- (confidence score: 86%)
- Cyber-security
- (confidence score: 99%)
Congressional District at Award
- District n. 07 of Colorado
Current Congressional District
- District n. 07 of Colorado
United States
- Colorado
Core Based Statistical Area (CBSA)
- Denver-Aurora-Centennial, CO
County
- County: Jefferson, CO
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