The U.S. Department of Homeland Security (DHS) has awarded a grant of nearly $1 million dollars to a blockchain startup.
Virginia-based DigitalBazaar, according to a September 25 release from the DHS, received the $749,241 in funding through the Small Business Innovation Program (SBIR). The grant, the department said, is intended to fuel the development of “fit-for-purpose blockchains” for a number of use cases.
Specifically, the government said, the firm will work on a “flexible software ecosystem” to include “digital credentials and digital wallets to address a wide variety of identity management and online access use cases.”
The software is being developed for the department’s Homeland Security Enterprise initiative.
To date, DigitalBazaar has received more than $1 million through the initiative.
In statements, government officials characterized their work with DigitalBazaar as being focused on research and development, serving as a way to explore applications of the tech within the DHS.
According to Doughlas Maughan, director of the department’s Cyber Security Division:
“Blockchain technologies have the potential to revolutionize the way we manage online identity and access the internet. This R&D project will help bring this potential closer to reality.”