Blockchain-based key management tool raises $794K from US government

posted 3 months ago
A blockchain startup has received new funding from the US government to develop blockchain key management solutions.

Announced on 20th July, the grant for $794,000 to Salt Lake City-based Evernym was sourced from the Department of Homeland Security's Small Business Innovation Program (SBIR). That initiative has doled out funds to blockchain startups in the past, including Evernym, which has previously received a grant from DHS focused on the development of key management tools.

According to DHS, Evernym will design and build "a decentralized key management system for blockchain technologies". The research project is being managed by the department's Cyber Security Division.
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