Brighton, Mass.-based SimplyVital Health has earned a $225,000 grant from the National Science Foundation's Small Business Technology Transfer to research blockchain protocols.
With the funding, SimplyVital Health will integrate open-source blockchain platform Graphene with its existing HIPAA-compliant blockchain Nexus.
The goal is to reduce healthcare costs by making data easily accessible through a blockchain.
"This grant is transformative and endorses blockchain as a viable tool to re-engineer healthcare," Kat Kuzmeskas, CEO of SimplyVital Health said. "We are thrilled to represent the NSF with our blockchain work."