Dash, BlockCypher Create Grant Program

Announcements, Blockchain, FinTech, Group, Investing | August 24, 2017 By:

Cryptocurrency Dash has teamed with Blockchain Web Services (BWS) provider BlockCypher to offer grants to startups and established companies developing blockchain-based solutions in new sectors and markets.

“The Dash Core Group has a history of providing support for businesses seeking to integrate Dash, but now we can do so in an official, mutually beneficial way,” said Dash Core CEO Ryan Taylor. “BlockCypher is a wonderful partner for Dash and has been instrumental in attracting new businesses to leverage our network. This program simply extends our support in a structured way to the numerous leads BlockCypher generates for the network.”

BlockCypher head of growth Karen Hsu said that with its web services and experience, the goal of this program is to seed projects in regions and use cases where blockchain technology has been underdeveloped.

“This program is teaming up blockchain focused companies to encourage other companies to adopt blockchain technology, said Hsu. “It also uniquely has structured phases towards commercialization.”

The grant program will award blockchain projects that have a viable business model, go-to-market plan, and enable innovative use cases on Dash’s network, in conjunction with BlockCypher’s blockchain infrastructure.

Funding is available to companies seeking blockchain technology solutions in nine categories, including healthcare, KYC, payments, Internet of Things (IoT), insurance, supply chain, telecommunications, and identity. The funded amount depends on project size and potential.

The grant program provides funding for blockchain web services and hosting, consulting, project testing, and integration support. Well established organizations have received grants to demonstrate new ways of using and deploying blockchains. This includes Patientory Foundation, which is developing a blockchain for securely and efficiently recording patient data. It is integrating the Dash public blockchain with their private blockchain using BlockCypher’s APIs.

Patientory CEO Chrissa McFarlane said that by using BlockCypher’s web services, they will be the first healthcare blockchain to show interoperability between blockchain networks.

“This is a major leap forward for how blockchains can be used to process healthcare claims payments,” said McFarlane.

Patientory’s enterprise solution and mobile app is scheduled for release by the end of 2017.