Today, blockchain health firm SimplyVital announced it has received a $225,000 grant from the US National Science Foundation (NSF) for its protocol Nexus. The award, from the NSF’s Small Business Technology Transfer fund, will go towards developing Nexus to work with the Graphene protocol.
SimplyVital’s product, ConnectingCare, uses blockchain to store immutable audit trails of patient history so that healthcare providers can access it easily. Nexus is the protocol used to ensure the data is trusted, and does so in accordance with the Health Insurance Portability and Accountability Act (HIPAA).
This is what attracted the NSF to the firm. The organization’s Andrea Belz said: “NSF is proud to support the technology of the future by funding the most creative, impactful ideas. With our support, deep technology startups can guide basic science into meaningful solutions that address tremendous needs.”
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