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4.4.1 Description of Environment
Grant Lifecycle (note to cite grants.gov)
Pre-Award Phase - Funding Opportunities and Application Review
Award Phase - Award Decisions and Notifications
Post Award Phase - Implementation, Reporting, and Closeout
4.4.2 Description via four rings
4.4.3 Conclusions
The Grants Community Blockchain would allow agencies such as the National Institutes of Health and the Treasury Department to share a blockchain with NSF to keep track of grant applications in order to avoid duplications.
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Assessing the Potential to Improve Grants Management Using Blockchain Technology
June 2019
Topics: Government Agency Operations, Grants Management, Computer Methodologies, Distributed Ledger/Blockchain
Jasmine A. Faubert, The MITRE Corporation
Tracey G. Amos, The MITRE Corporation
Bianca N. Piccione, The MITRE Corporation
MITRE’s study results support the hypothesis that improvements in grants management for both federal agencies and grant recipients can be enabled through the use of blockchain technology. The primary benefit to federal agencies was improved decision making through improved transparency, quality, and timeliness of grant financial and performance information. The primary benefit to grant recipients was reducing redundant reporting to multiple grantmaking entities and auditors. Payment efficiency was a secondary benefit.
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