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Startup to Provide Decentralized Encryption Key Management

The Cyber Edge
July 21, 2017

Research offers greater privacy and identity protection.

The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) has awarded Salt Lake City-based startup Evernym a $749,000 Small Business Innovation Program (SBIR) award to develop an easy-to-use, decentralized mechanism for managing public and private encryption keys needed for the secure and scalable deployment of blockchain technologies.        

Under the SBIR Phase II contract, Evernym will design and implement a decentralized key management system for blockchain technologies based on National Institute of Standards and Technology (NIST) Special Publication 800-130, titled “A Framework for Designing Key Management Systems.” The research project is being managed by the S&T Cyber Security Division’s Identity Management project.

“A better, more secure method is needed to safeguard the identity and privacy of web-users,” said William N. Bryan, acting DHS undersecretary for science and technology, in a written announcement. “Research in blockchain holds significant potential to provide a solution that will make it considerably more difficult to hack an online user’s identity.”


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