Softhread Receives NSF SBIR Phase I Award
Softhread, Inc. has been awarded a Phase I Small Business Innovation Research (SBIR) award from the National Science Foundation. The funding will enable Softhread, though its proprietary Chios™ Platform to expand the application of blockchain beyond cryptocurrency and employ the immutability and auditability of a permissioned blockchain to enhance the security and integrity of traditional databases in the life-sciences and healthcare industries. If successful, the commercial impact of the patent-pending decentralized, secure, automated platform is to increase data fidelity, as well as reduce administrative overhead, optimize privacy and security of large data sets.
Dr. Yelena Yesha, Co-Founder and Chairwoman of Softhread, and Inventor of the Chios™ platform said: “We are delighted to have received this prestigious award and are looking forward to collaborating with our strategic partners to continue the development of and commercialize our platform built with conventional blockchain features enhanced by proprietary functionality.”
“While SBIR Phase I is focused on life-sciences and healthcare, we are looking forward to expanding the utility and commercial application of our platform to other industry verticals such as insurance, cybersecurity, internet of things and information management services,” said Dr. Vasiliu-Feltes, CEO of Softhread.
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