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From YouTube: Reducing Reporting Burden for U.S. Federal Grants
Description
A virtual meetup hosted by Hyperledger Denver on May 19, 2021 with Craig Fischer, Innovation Program Manager with the Office of Financial Innovation and Transformation (FIT) at the Bureau of the Fiscal Service - U.S. Department of the Treasury. Craig will be presenting a demo of his work at FIT around the Proof Of Concept for paying prime contractors and subcontractors for the National Science Foundation (NSF) via blockchain.
Along with Mr. Fischer's presentation we will also have Breakout Room Networking afterward where attendees can connect with other Blockchain professionals for engaging discussions around this technology and others that move Enterprise Blockchain technology forward.
More about the event is at: https://www.meetup.com/Hyperledger-Denver/events/277967598/
----
Hyperledger – Open Source Blockchain Technologies
Hyperledger is an open source community focused on developing a suite of stable frameworks, tools and libraries for enterprise-grade blockchain deployments.
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B
A
Okay,
everyone,
let's
go
ahead
and
get
started
here
and
thanks
for
joining
this
great
session.
I'm
really
excited
about
this
upcoming
presentation
by
craig
fisher
and
we're
going
to
go
ahead
and
have
craig
present
and
tammy's
going
to
work
with
him
on
the
presentation
and
then
afterward
we're
going
to
go
ahead
and
do
a
q
a
session
with
all
the
group
here
and
feel
free
to
raise
your
hand
or
put
something
in
the
chat.
A
If
we
want
to
do
a
little
bit
of
networking
after
the
fact
and
ask
craig
some
follow-on
questions,
that'd
be
great
as
well.
So
I
want
to
go
ahead
and
introduce
craig
and
he
is
the
innovation
program
manager
from
the
financial,
innovation
and
transformation
group
at
the
bureau
of
the
fiscal
service
and
that's
with
the
united
states
department
of
treasury,
and
so
today,
craig
will
be
presenting
a
demo
of
his
work
at
fit
around
his
proof
of
concept
for
being
able
to
pay
both
prime
contractors
and
subcontractors
in
this
national
science
foundation.
A
Proof
of
concept
that
he
set
up
so
he's
going
to
run
through
that
today,
and
I
want
to
give
you
a
little
more
information
about
craig.
You
know
he's
an
experienced
program
manager
with
a
demonstrated
history
of
working
in
government
administration
and
he's
skilled
at
really
bringing
innovation
to
the
federal
government
with
emerging
technology
carrying
out
these
kind
of
pilots
that
we're
going
to
see
today
and
helping
the
federal
government
really
to
navigate
the
future,
and
I
think
this
particular
poc
is
going
to
show
is
really
going
to.
A
A
B
Great
well
again,
thank
you
so
much
for
inviting
us
to
be
here
today,
and
I
did
want
to
mention
I'm
here
with
tammy
johnson
as
well.
Tammy's
been
sort
of
a
partner
of
mine
for
the
last
few
years
on
sort
of
exploring
some
of
the
things
with
blockchain
technology
and
and
other
sort
of
innovative
efforts.
So
she's
going
to
be
along
with
me
as
well
here
today,
but
I
did
want
to
just
a
little
bit
more
about
the
the
team
before
we
get
into
this.
B
B
B
Largely
the
way
that
I
like
to
define,
federal
financial
management
is
sort
of
the
movement
of
money
payments
collections,
and
you
can
see
here
from
this
slide
really
what
the
bureau
of
the
fiscal
service
does,
which
again
is
the
bureau
of
the
department
of
treasury
really
kind
of
serves
as
the
nation's
bank
when
it
comes
to
federal
financial
management?
So
we
disburse
payments,
we
make
collections,
we
do
a
lot
of
the
accounting
from
the
shared
services
perspective
for
a
lot
of
other
agencies.
B
We
sell
the
securities
to
fund
the
government
so
again
kind
of
serve
as
that
nation's
bank.
So,
as
we
look
to
innovators,
we're
looking
for
new
ways
to
improve
the
way
that
we
carry
out
financial
management,
that's
sort
of
the
things,
the
the
sort
of
the
areas,
the
domains
in
which
we
are
in
which
we
are
looking
so
along
with.
That,
though,
is
I
say
one
of
the
core
things
the
fiscal
service
does
is
payments
and
tammy?
B
You
can
go
to
the
next
slide,
just
to
give
you
some
sort
of
a
background
on
kind
of
the
our
our
kind
of
reach
of
the
in
the
into
the
payments.
Is
you
know
back
in
2019
we
probably
have
some
better
statistics,
but
1.2
billion
payments,
totaling
3.7
trillion
of
that
one
of
the
things
that
we
actually
are
trying
to
do
is
to
get
rid
of
the
paper
so
moving
away
from
paper
checks.
B
B
So,
as
you
can
see,
you
know,
payments
is
sort
of
a
core
to
what
we
do
and
we're
always
looking
for
ways
to
improve.
There's
a
lot
of
activity
in
the
payment
space
right
now,
so
we're
trying
to
understand
what
are
some
of
those
technologies,
those
things
that
we
can
do
to
improve
the
way
that
we
make
those
payments
facilitate
those
payments
which
is
kind
of
how
we
got
into
blockchain
in
the
first
place.
So
tim,
I
want
to
go
to
the
the
next
slide.
B
I
wanted
to
give
you
just
kind
of
a
a
little
bit
of
a
background
kind
of
our
blockchain
journey
and
kind
of
how
we
got
to
where
we
are
today.
So
you
know
back
in
2017,
we
kind
of
acknowledged,
I
guess,
sort
of
found
this
blockchain
technology
and
kind
of
what
it
was
doing
within
some
of
the
financial
services
arena.
We
saw
that
it
was
making
some
some
inroads
and
some
of
the
other
banks
and
some
other
folks
were
looking
at
it.
B
So,
given
that
we
are
an
innovation
shop,
we
wanted
to
better
understand
this
technology
better
understand
what
some
of
the
use
cases
were,
but
we're
basically
starting
from
nothing,
though-
and
I
think
you
know
we're
a
bit
of
a
skunk
works
type
team
where
we
will
get
our
hands
dirty
to
understand
something.
So
that
was
really
really
the
approach
that
we
took
when
it
came
to
blockchain
technology
back
in
2017,
and
it
took
us
a
while
to
really
find
this.
B
Of
understand
that
we
did
not
come
out
of
the
gate
where
we
knew
precisely
exactly
what
we
were
going
to
do.
This
was
a
bit
of
this
is
a
bit
of
some
learning
that
we
had
to
do
so.
The
very
first
thing
we
did
is
we.
We
really
just
wanted
to
understand
some
of
the
fundamentals
of
blockchain
and
we
started
off
looking
at
a
use
case.
Around
acid
management
was
our
very
first
thing
that
we
looked
at
where
we
explored
using
blockchain
technology
to
better,
manage
and
track
the
physical
assets.
B
B
So
what
we
wanted
to
understand
is:
could
blockchain
technology
be
used
to
better
track
and
manage
that,
so
we
actually
carried
out
a
small
proof
of
concept
where
we
use
blockchain
to
track
and
manage
cell
phones
so-
and
this
taught
us
a
lot
about
just
the
fundamentals
of
the
technology
from
the
technical
perspective,
but
also
what
might
make
a
little
better
use
case.
We
we're
able
to
see
this
so
the
real-time
transparency
of
acid
transfers
understand
the
peer-to-peer
nature
of
blockchain
understand
the
resiliency
aspect
of
blockchain.
B
B
I
think
the
the
federal
government
spends
about
eight
billion
dollars
worth
of
software
licenses
every
year,
and
you
know
I
think
there's
has
been
some
reports
out
there
from
gaos
and
others
that
are
somewhat
critical
of
the
way
that
we
are
managing
our
software.
We
buy
them
and
then
sometimes
we
don't
upkeep
them
and
we
just
have
a
pretty,
sometimes
challenging
way
of
managing
software.
B
B
Of
helped
our
our
our
learning,
it
really
goes
to
the
use
case
that
we're
exploring
now-
and
I
think,
the
the
one
use
case
where
we
want
to
continue
sort
of
exploring,
because
we
are
seeing
some
some
some
value
in
what
we're
doing,
and
that
really
has
to
do
with
using
blockchain
technology
to
facilitate
grant
payments
and
the
really
the
way
that
this
came
about
was
the
national
science
foundation.
The
national
science
foundation
nsf
had
reached
out
to
us.
B
You
know
being
aware
of
what
we
were
doing
in
the
area
of
blockchain
and
kind
of
came
to
us
with
a
problem,
and
they
said
you
know
our
grant
recipients
these
prime
recipients
and
these
sub
recipients
who
receive
federal,
grant
funding
really
are
burdened
by
a
lot
of
this
reporting
that
they
have
to
to
to
sort
of
have
to
go
through
to.
In
order
just
to
receive
some
of
this
federal
funding
coming
from
from
national
science
foundation.
B
C
B
Case
that
we
were
looking
for
and
sort
of
looking
at
right
now
is
looking
to
use
blockchain
to
really
reduce
that
reporting
burden
that
we
are
replacing
and
if
you
just
want
to
go
to
the
next
slide
here,
it
takes
a
little
bit
for
it
to
come
up.
There's
a
lot
of
images
here,
but
you
know,
I
think
you
know
nearly.
C
B
Half
of
the
time
that
researchers
are
really
spending,
it's
it's
on
performing
administrative
tasks
and
a
lot
of
that
is
reporting
due
to
the
fact
that
we
don't.
We
can't
see
the
funding.
We
can't
see
the
funding
going,
especially
when
there's
a
sub-recipient
in
the
mix.
So
in
many
cases
the
federal
government
will
and
we'll
get
to
this
in
the
next
slide.
But
and
actually,
why
don't
you
just
go
there
now
tammy,
so
we
can
get
kind
of
into
it.
B
So
really
what
a
lot
of
this?
At
least
some
of
this
burden
is
related
to
the
fact
that
we
can't
see
where
funding
is
going
to
sub-recipients
just
to
kind
of
walk
through
the
current
state
of
the
future
state.
On
this
slide
today,
when
a
prime
recipient
is
awarded
some
sort
of
grant
funding,
they
come
to.
One
of
you
know,
there's
I
think,
there's
like
five
major
grants.
Payment
platforms
hosted
in
the
federal
the
federal
government.
B
They'll
come
to
one
of
those
several
payment
platforms
and
they
will
draw
down
funds
that
will
transform
that
will
transfer
the
money
from
the
federal
government
into
the
prime
recipient's
bank
account,
but
in
the
case
of
sub-recipients,
when
that
prime
recipient
transfers
money
down
to
a
sub-recipient
to
carry
out
some
of
the
the
terms
of
the
the
grant,
whether
they
you
know
have
to
buy
microscopes
to
do
things,
teach
children
whatever
that
grant.
Is
we
don't
see
that
transaction?
B
B
It's
going
to
be
my
my
picture
of
myself
over
here,
so
I
can
see
the
screen,
but
it's
going
into
this
situation
where
we
now
can
see
those
sub-recipients
using
blockchain
technology,
and
we
enhance
that
transparency-
and
probably
many
of
you
will
probably
already
know
this
through
the
idea
of
tokenization
so
tim.
If
you
just
want
to
go
to
that
next
line,.
B
B
There
is
well
effectively
what
we're
doing
when
we
tokenize
this
grant
letter
is.
We
are
taking
key
informations
off
of
the
grant
letter,
so
the
grant
awards
some
of
the
key
dates,
some
of
the
and
the
the
fundings
that
go
along
with
those
different
categories,
tokenizing
all
that
information,
then
putting
that
into
a
blockchain
token,
and
it's
that
blockchain
token,
that
is
transferring
from
the
federal
government's
to
a
to
a
prime
recipient
then
down
to
a
sub-recipient
as
as
opposed
to
just
making
those
funding
transfers
using
the
ach
network.
B
At
least
that's
the
the
the
sort
of
the
theory
that
we're
sort
of
working
on
and
we
do
have
something
we
want
to
show
you
a
couple
things
later
in
the
demo,
just
to
kind
of
show
you
kind
of
what
we
did
to
really
alleviate
some
of
that
reporting,
using
this
proof
of
concept,
but
again.
So
this
is
this
high
level.
This
is
kind
of
how
we
actually
are.
B
E
B
To
show
you,
or
at
least
tam,
is
going
to
walk
you
through
a
a
short
demo
of
the
application
and
by
the
way
I
don't
know
tampa,
we
can
probably
put
something
in
the
chat,
but
we
do
have
a
link
that
you
all
can
go
and
check
it
out
for
yourself.
You
want
to
play
around
with
the
the
application
just
to
kind
of
show
what
we
did.
B
We
did
something
called
what's
called
we'll
get
to
there
in
a
second,
but
we
did
something
called
a
clickable
prototype
where
we
effectively
recreated
the
application
in
kind
of
a
self-guided
tour.
This
is
kind
of
kind
of
walks
you
through,
so
it's
not
actually
tied
to
the
blockchain
application,
but
it
does
kind
of
give
you
a
feel
for
how
this
all
works,
and
this
is
effectively
the
flow
in
which
in
which
it
kind
of
walks
you
through,
where
we
take
that
grant
recipient.
B
We
convert
it
into.
We
tokenize
it
and
convert
it
into
a
digital
asset.
Internal
controls
is
very
important
from
the
federal
government
establishing
thresholds
and
key
dates,
and
things
like
that.
So
there's
a
step
where
you
can
incorporate
a
lot
of
those
internal
controls
into
the
token,
and
then
we
can,
while
the
application
will
show
you,
how
would
they
request
a
drawdown,
and
this
is
really
the
fundamental
change.
B
What
we
do
today
today
when
they
request
that
drawdown
they
receive
funds
through
the
ach
network
into
their
bank
account
under
this
scenario,
under
this
application,
when
they
request
a
drawdown,
they
will
be
receiving
a
blockchain
token,
and
then
you
can
do
one
or
two
things.
With
that
token,
you
could
either
redeem.
E
C
B
For
cash
or
you
can
transfer
that
token
to
another
party
who's
actually
still
carrying
out
the
the
terms
of
that
of
that
grant.
So,
and
all
of
this
again
leads
to
a
hopefully
a
lot
of
reduced
reporting
burden
from
the
from
the
from
the
grant
recipient
and
sub
recipients
perspective,
but
this
is
effectively
the
application
that
we
built
and
we're
going
to
show
you
in
just
a
second
and
let's
just
go
to
one
more
slide
here
and
then
we'll
get
to
the
actual
demonstration.
B
B
Okay,
it
looks
like
you
got,
you
have
to
get
off
of
the
we
can
do
that
in
a
second
but
but
effectively.
This
is
what
we
want
to
walk
you
through
a
couple
things.
Thank
you
laura.
I
see
you
just
did
that
a
couple
things
here,
just
to
point
out,
on
the
left
hand,
side
within
kind
of
that
screen.
It
kind
of
gives
you
where
you
are
within
this
process,
because
it
can
get
a
little
confusing,
because
there
are
a
lot
of
different
participants
in
this
this
blockchain
network.
B
So
thank
you,
tammy
yep,
right.
There
is,
where
kind
of
walks
you
through,
as
you
kind
of
take
the
self-guided
tour,
you
can
kind
of
know
where
you
are
whether
whether
you're,
creating
that
that's
token
or
whether
you're
setting
the
internal
controls
and
then
really
just
what
we
found
here,
is
that
you
know
we'll
get
to
this
a
little
bit
more.
At
the
end
of
the
presentation.
B
It's
just
really
the
what
we've
had
a
lot
more
transactional
transparency
than
what
we
have
before
it
does
that
additional
transparency
does
really
lead
to
less
reporting.
We
now
know
who
those
recipients
are.
It
does
improve
that
customer
experience
and
it's
a
much
more
efficient
oversight
because
of
those
internal
controls
that
we
can
now
bake
into
those
blockchain
tokens.
F
G
So
clickable
prototype
will
show
you
three
different
types
of
personas,
so
we
have
the
grant
officer
that
will
work
at
the
awarding
agency
and
we
have
the
prime
recipient,
which
would
represent
the
grant
tv
view,
and
then
we
have
the
agency
viewer,
which
is
more
like
that
oversight
role
on
each
of
the
screens.
You
will
see
like
a
little
bubble
and
that
really
explains
what
is
happening.
So
that's
how
you
get
that
self-guided
view
is
to
see
what
functions
are
being
simulated.
G
G
I
will
mention,
as
craig
mentioned
earlier,
we
have
the
process
flow,
so
you'll
see
here
that
this
is
highlighted
so
you'll
see
where
we
are
in
that
process
flow
that
we're
demonstrating
we'll
click
in
here
and
I,
as
the
grant
officer,
I
have
the
ability
to
see
the
grants
that
I
have.
I
have
the
ability
to
create
new
grants.
You'll
see
functionality
up
here
and
when
we
go
to
other
views,
the
functionality
will
be
slightly
different
based
on
their
roles
and
responsibilities.
G
I'm
going
to
go
ahead
and
create
a
grant
and
I'm
going
to
simulate
this
information.
We
have
worked
with
many
stakeholders
to
listen
and
hear
what
their
needs
are.
So
we
had
a
prototype.
We've
had
lots
of
meetings,
we've
built
a
clickable
prototype
to
get
feedback
so
that
we
could
really
understand
what
are
those
needs?
Does
this
really
address
those
pain
points?
Does
it
create
other
pain
points
and
by
listening?
G
We're
able
to
you
know,
make
some
changes
to
this,
so
this
is
simulating
actually
inputting
the
the
grant
by
an
individual
grant,
but
we
also
recognize
that
we
will
build
an
upload
feature
from
the
award
systems
so
that,
if
say
20
grants
are
being
awarded
in
a
day
they
can
be
uploaded
that
that
will
reduce
problems
with
keep.
You
know
key
punch
errors.
It
will
also
streamline
that
process,
so
we're
listening
all
the
time
to
what's
working
well.
G
What's
not
so
I'm
going
to
simulate
this
by
clicking
in
here
and
you'll,
see
that
it
just
populates
basic
information
from
that
grant
award,
so
craig
showed
how
we
were
tokenizing
that
and
then
in
essence,
this
is
what
is
shown
on
the
screen.
You'll
see
these
dollar
amounts
here,
and
those
are
the
parameters
that
were
in
the
grant.
Letter
and
you'll
see
those
numbers
as
we
go
through
and
I'll
point
those
out
several
times
to
you.
G
G
So,
as
I
I
mentioned,
we
created
that
grant.
So
it
was
for
two
hundred
and
twenty
thousand
four
hundred
eleven
dollars,
I'm
going
to
click
in
here
and
I'm
going
to
show
you
just
a
few
things
on
the
screen.
So
if
you
look
here,
these
are
the
amounts
that
were
shown
on
the
last
screen
and
and
there's
several
functions
that
we
can
do
here,
but
we
awarded
this
grant
for
hundred
and
twenty
dollars
and
four
hundred
two
hundred
and
twenty
thousand
four
hundred
eleven
dollars
now
in
that
original
grant.
G
G
So
I'm
going
to
sign
in
and
as
I
mentioned
before,
we
have
a
few
more
things
here,
a
few
more
functions
so
the
send
in
request
for
tokens
and
also
the
wallet
right
now,
I'm
going
to
go
in
and
I'm
going
to
select
the
grant
feature
and
you'll
see.
I
have
two
grants
that
are
available
to
this
particular
college
and
I'm
going
to
click
into
the
one
we
created
now,
if
you'll
notice
on
this
screen,
I
have
some
additional
features
also
on
the
screen
in
blue.
G
These
are
functions
that
are
available
to
the
grant
making
agencies.
We
mentioned
internal
controls.
The
government
also
has
internal
controls,
but
there
are
times
when
a
grantee
may
want
to
make
some
internal
controls.
They
may
want
to
have
a
maximum
reimbursement
amount.
So
if
a
researcher
wants
to
come
in
and
request
a
hundred
thousand
dollars,
you
know
they
might
say:
no,
we
don't
want
them
to
request
that
much
up
front.
They
can
only
do
fifty
thousand
whatever
that
control
is
or
if
there's
certain
reports
or
approvals
that
are
required.
G
We
can
add
those
internal
controls.
We
can
do
that
both
on
the
government
side,
as
well
as
the
grantee
side.
So
I'm
going
to
go
ahead
and
select
twenty
thousand
dollars.
So
anything
that's
over
twenty
thousand
dollars.
It's
not
going
to
process
without
additional
approvals,
so
I'm
going
to
confirm
those
and
it
posts
the
blockchain,
and
so
those
internal
controls
will
take
effect
as
soon
as
it's
posted
on
the
blockchain
for
anything
going
forward.
If
we've
already
processed
transactions
on
the
particular
grant,
those
internal
controls
would
not
be
in
in
place
for
that.
G
So
now
I'm
going
to
go
down
here
and
I'm
going
to
update
the
grant
options.
So
again,
as
we
were
listening
to
our
stakeholders,
they
said
there
are
times
when
they
want
to
go
straight
to
redeeming
funds,
so
they
would
have
a
request
for
funds
and
they
will
want
to
go
ahead
and
do
an
auto
redemption.
G
So
I'm
going
to
click
this
on,
and
what
this
will
do
is
do
that
request
and
redemption
all
in
one
transaction.
So
I'm
going
to
confirm
that
option
and
again
it's
posted
to
the
blockchain
so
from
for
this
particular
grant
going
forward.
Every
time
I
request
the
transfer
of
tokens,
it's
automatically
going
to
do
a
redemption
as
well.
G
G
Meaning
balances
already
so
that
we
don't
we
can't
overspend.
So
it's
another
internal
control
and
we
always
know,
what's
still
available,
so
we're
going
to
submit
that
and
again
we've
got
the
confirmation.
That's
on
the
blockchain,
so
we'll
go
to
the
wallet
and
you'll
see
we
had
the
one
transaction,
so
we
needed
to
actually
redeem
it
or
return
the
tokens,
because
this
was
not
on
auto
redeem.
G
G
G
G
So
I
need
to
go
in
here
and
look
at
this
transaction,
which
is
you
know
they
want
to
request
11
000
tokens
and
I
can
either
re
approve
or
reject
the
request,
and
in
this
case
I'm
going
to
go
ahead
and
approve
it,
and
I
have
my
confirmation
that
it's
posted
on
the
blockchain
and
then
I
can
always
look
at
my
completed
requests.
So
that
was
the
one
that
I
just
approved
and
I'm
going
to
log
out
and
I'm
going
to
go
back
in
as
the
prime
recipient.
G
G
So
that's
what
we're
going
to
do
here
now
is
we're
going
to
create
that
particular
grant,
and
so
it's
the
same.
It's
a
sub
grant
for
the
grant.
We
we
already
created-
and
these
are
the
parameters
you
know
certain
salary,
travel
and
so
forth,
and
then
it
will
work.
The
functionality
will
work
very
similar
to
what
I've
shown
you
for
the
prime
grants.
The
only
difference
would
be
because
that
relationship
is
with
a
prime
and
a
subgrantee.
G
G
So
I'm
going
to
go
back
to
my
grant
list
and
we
talked
a
little
bit
about
the
reporting
burden,
and
so
I'm
going
to
click
in
here
and
there's
the
federal
financial
report
for
grants.
And
it's
a
common
report
and
by
having
everything
on
the
blockchain
related
to
the
financial
aspect
of
this
particular
grant.
We
can
actually
create
this
federal
financial
report,
which
saves
an
inordinate
amount
of
info
or
time
for
the
grantees
and
then
there'll
be
other
reporting
that
we'll
be
able
to
do,
because
we
have
that
full
end-to-end
transparency.
G
So
we
can
look
at
things
like
usa
spending
and
the
sub-recipient
reports
that
are
required
by
the
federal
government.
So
so
all
of
that
will
be
more
streamlined
using
this,
I'm
going
to
click
out
of
that
and
I'm
going
to
log
out
and
rather
than
spend
additional
time
doing.
The
agency
viewer
is
very
similar
to
the
views
that
I've
already
shown
you
looking
at
the
reports,
the
transaction
history
and
so
forth.
G
A
F
A
H
B
B
We
did
recently
kind
of
go
over
to
hyperledger
base
two,
but
one
of
the
one
of
the
issues
with
using
ethereum
that
we
found
is
that
it
uses
a
hashing
algorithm.
That's
not
nist
doesn't
need
a
fip
standard
for
for
nist,
so
it
uses
a
ketchup
256
which,
which
is
not
one
of
the
the
approved
hashing
algorithm
so
from
a
like
sort
of
a
regulatory.
D
B
To
actually
sort
of
delve
into
that
a
bit
more
just
to
see
what
some
of
the
options
are,
then
we're
going
to
get
it
looking
at
this
into
a
second.
But
one
of
the
other
regulatory
things
that
we
did
find
through
our
work
is
that
in
order
for,
as
you
can
kind
of
see
from
the
application,
the
bottom
line
here
is
that
what
the
the
the
way
we
get
that
additional
transparency
is
that
we
use
the
blockchain
to
sort
of
help
us
pass
that
information
between
participants.
B
But
we
in
order
for
us
to
get
that
that
additional
transparency,
the
federal
government
is
going
to
have
to
pay
those
sub
recipients.
That's
how
we
know
who
they
are
currently
in
the
realm
of
grants,
that
there
is
no
authority
that
the
federal
government
government
has
to
allow
the
federal
government
to
pay
the
subs.
It
has
to
be
done
from
the
primes
to
the
subs.
So
that's
one
of
the
things
that
we're
exploring
is
this
to
better
understand
that
regulation
is
to
see.
B
D
G
So
the
only
other
thing
I
was
going
to
say
is:
we
are
transferring
tokens
on
the
blockchain,
but
when
it
is
redeemed
for
funds,
we
are
actually
redeeming
out
to
our
normal
ach
payment
process
to
actually
pay
in
dollars,
so
we're
not
paying
in
tokens
or
any
cryptocurrency
we.
This
will
connect
to
the
financial
system
and
we'll
kick
off
a
payment
process
in
dollars.
So
I
I
don't
think
we
covered
that,
and
I
just
want
to
make
sure
that
everyone
was
clear
on
that.
A
B
So
I
mean
again
we
the
the
app
that
you're
seeing
right
now
is
bill.
That's
going
to
show
that
it
is
in
envision
was
the
app
that
we
used
to
create
this.
We
are
using.
You
know,
like
I
said
we
built
this
on
ethereum
recently
went
over
to
hyperledger
base
sue.
We
are
in
aws
cloud
environment
right
now
for
the
hosting
nodes.
B
We
are
using
proof
of
authority
for
the
consensus
algorithm,
there's
a
lot
of
other
things,
mongodb,
there's
a
lot
of
other
sort
of
like
components
in
here
that
I
I
don't
have
in
my
my
memory
and
then
in
terms
of
alternatives.
I
think-
and
I
I
am
just
kind
of
seeing
just
a
couple
things
from
the
chat.
First
and
foremost,
we
are
not
there's
a
couple
of
mentions
about
cardano
and
some
other
sort
of
platforms.
We
are
not.
We
are
platform
agnostic.
B
I
think
we're
just
trying
to
understand
the
advantages
and
disadvantages
of
using
blockchain
technology.
Again,
I
think,
get
to
look
at
this
from
tammy's
in
mind
vantage
point:
we
are
an
innovation
shop,
so
we
are
sort
of
exploring
and
asking
these
questions
around
is
blockchain
a
better
solution
than
what
we
do
currently.
B
So
there
is
a,
I
think,
a
question
in
the
chat
about
why
not
just
use
a
relational
database,
great
question,
I
think
that's
from
from
from
that's
where
I
hope
I
think
tim
and
I
are
trying
to
add
more
value
to
this.
This
is
a
again
proof
of
concept.
This
is
something
that
we
have
now
decided
that
this
is
definitely
something
that
we're
going
to
do,
but
we're
still
exploring
whether
or
not
this
makes
sense
and
then
give
our
recommendations
to
that
so
platform.
B
B
B
This
might
start
to
help
folks
get
a
sense
of
kind
of
where
we're
going
and
put
a
little
bit
more
of
this
in
contact.
So
while
I'm
letting
tammy
find
those
slides,
I
just
wanted
to
kind
of
mention.
You
know
one
of
the
things
that
we
are
sort
of
learning
from
a
sort
of
a
prototype
working
with
a
lot
of
end
users
is
that,
while
blockchain
is
very,
you
know
which
we
want
to
understand.
B
If
the
actual
technology
is
adding
any
potentially
value,
we
are
having
to
incorporate
a
lot
of
the
things
that
our
grant
recipients
want.
So
there's
a
lot
of
non-blockchain
things
as
well
that
we're
having
to
incorporate
into
this
prototype
to
really
scratch
the
edge
to
really
helping
them,
improve
the
way
that
they
actually
report
and
the
way
that
they
actually
carry
out
their
business.
B
We
haven't
even
the
way
that
we
think
about
this
as
a
proof
of
concept,
then
a
pilot
and
then
production,
so
we
are
still
sort
of
in
that
proof
of
concept
we
are
seeing,
and
what
we've
learned
in
using
our
end
users
and
using
more
of
a
human-centered
design,
is
that
there
is
value
we're
seeing
value
in
using
blockchain
to
reduce
some
of
that
reporting
burden,
but
getting
to
our
step
one
here.
We
really
need
to
understand
the
pros
and
cons
the
alternatives.
B
Analysis
looking
at
the
return
on
investment,
doing
a
much
more
deeper
dive
into
a
business
case.
Analysis
just
to
really
help
us
understand
if
this
is
something
that
has
the
the
benefits
over
the
cost,
if
this
was
something
to
be
going
into
production.
So
that's
a
big
big
point
of
this,
and
this
someone's,
you
know,
I
often
think
about
blockchain
when
I
go
buy
something
off
of
amazon,
and
I
see
the
product
that
I
want.
It
offers
me
like
three
or
four
other
products
that
are
just
like
it.
B
We
also
want
to
do
the
same
thing
with
this
like.
Maybe
there
is
a
couple
other
approaches
to
doing
what
we're
doing
to
reduce
the
burden
that
could
do
it
easier
than
what
blockchain
did
we
want
to
explore
that
we
want
to
understand
that.
So
when
that
kind
of
addressed,
I
think
one
of
the
questions
about
well.
Why
are
you
doing
this?
B
So
one
of
the
things
that
we
are
working
doing
is
working
with
nist
to
help
us
figure
out
like
what
would
across
agency
node
infrastructure
look
like
and
how
those
of
those
atos
those
authority
to
operate.
How
would
that
actually
work,
because
those
are
typically
done
from
an
agency
by
agency
perspective,
but
now
we
have
to
be
coordinated
and
sync
up
with
other
agencies
to
do
that.
This
is
a
lot
more
exploration
of
what
a
node
infrastructure
would
look
like.
B
Is
this
something
that
we
would
buy?
Is
this
something
that
we
would
build
our
own?
So
we
do
have
a
lot
of
questions
around
that
digital
walls
is
another
area
where
I
think,
especially
considering
that
the
fiscal
service
does
payments
understanding
just
a
little
bit
more
about
digital
wallets
and
some
of
the
pros
and
cons
and
just
getting
more
knowledgeable
knowledgeable
about
that
is
another
area.
B
Number
three
is
sort
of
expanding
our
ecosystem,
so
I
mentioned
before
how
we've
been
largely
working
with
the
national
science
foundation
and
sort
of
their
grant
recipients
in
helping
us
to
better
understand
that
this
is
something
that
again
scratches
an
itch
from
their
perspective.
We
want
to
expand
it
out.
You
know,
hhs.
Does
a
lot
of
grants.
B
Department
of
education
does
a
lot
of
grants,
there's
a
lot
of
state
and
local
grants
that
that
you
know
we
give
funding
to
so
we
want
to
sort
of
get
and
capture
their
feedback
as
well,
just
to
understand
that
this
application
adds
value
to
them
and
to
their
customers,
and
then,
lastly,
is
really
just
establishing
connectivity
with
the
blockchain
application
to
an
agency's
financial
system.
So
the
analogy
that
I
like
to
use
is
effectively.
You
know
we've
effectively
for
lack
of
a
better
example.
B
You
think
about
a
casino
when
you
go
to
a
casino
you
trade
money
in
for
tokens
and
then
at
the
end
of
the
night
you
go
and
you
cash
those
tokens
out
for
cash
again.
Well,
we've
built
everything
except
for
that
ability
to
cash
those
tokens
and
turn
them
into
cash
again.
So
one
of
the
things
that
we
want
to
do
is
explore
the
api
connectivity
that
you
would
have
to
have
back
into
a
fine
agency's
financial
system
to
make
that
happen.
B
A
F
There
you
go,
take
it
away.
Chris,
hello,
how's,
everybody.
First
of
all,
craig
thanks
for
an
awesome
presentation
on
tammy
and
laura
and
all
the
gang
there
at
cold
blockchain
summit.
My
first
question
was
around
and
you
briefly
touched
on
it,
craig
about
the
the
tying
in
the
payment
rails
for
token
redemption.
I
said:
do
you
anticipate
tying
that
back
into
the
ach
swift?
Maybe
not
swift,
if
you're
only
doing
inside
the
us,
but
if
some
of
the
sub
grant
people
were
outside
the
us,
you
might
have
to
do
that.
So
yeah.
B
F
B
Yeah,
so
the
idea
today
is
like,
even
when
those
drawdowns
happen
today
in
our
current
system.
It
will
that
information
is
all
within
the
agency's
financial
system,
and
then
the
agency
will
send
over
a
payment
file
to
the
to
the
department
of
treasury.
That
says,
pay
all
of
these
entities
and
then
we
will
on
on
their
behalf.
B
So
the
idea
is
that
the
blockchain
kind
of
comes
in
between
that
process,
where
we
will
facilitate
that
information
flow
to
have
a
much
more
transparent
view
of
who's
getting
that
funding.
But
when
those
redemptions
occur,
whether
it
be
a
prime
or
a
sub,
that
information
would
flow
back
up
to
that.
That
agency
that
granted
that
that
funding
they
would
approve
that
and
then
it
would
sort
of
like
fall
back
into
line
with
how
we
actually
make
those
ach
payments.
D
B
F
Yeah,
that's
that's
been
the
challenge
to
date.
So
far,
and
actually
we
found
that
to
be
pretty
good
on
hyperledger
fabric
networks,
where
you
don't
have
crypto
or
mining.
It
ties
back
pretty
nicely
to
that,
but
one
quick
follow-up
question
I'll
give
it
back
to
the
others.
I
was
at
the
houston
tech
rodeo
virtually
yesterday,
where
the
sba
did
an
actual
seminar
on
grant
applications
for
small
business
and
tech
startups
and
or
or
any
startup,
and
they
their
part
was
the
application
process.
F
So
I'm
curious
as
to
why
you
guys
didn't
integrate,
and
maybe
it
was
just
too
big
for
your
poc
or
if
you
plan
on
integrating
the
actual
application
process
by
standardizing
the
application
api
so
that
the
first
part
of
it
is
already
taken
care
of
and
then
the
grant
reviewer
when
they
get
in
there.
It's
mostly
done
for
them.
B
Yeah,
it's
a
really
good
point.
I
mean,
I
think
we
get
a
lot
of
questions
like
that,
and
my
my
answer
right
now
is
that
we're
we
went
into
this
trying
to
understand
the
payment
aspect
of
this
and
if
the
payment
aspect
of
this
you
know
just
given
the
bureau's
mission,
get
the
payment
aspect
of
this
makes
sense,
then
I
think
we
can
sort
of
like
back
it
out
into
some
of
these
other
areas
if
it
makes
sense.
But
again,
our
philosophy
is
kind
of
like
to
start
small
start
simple.
B
A
D
Thank
you,
craig.
That
was
a
wonderful
presentation
and
tammy
as
well
for
the
walk
through
on
the
prototype.
My
question
is:
is
nist
able
to
provide
you
guidance
on
the
security
standards
for
implementation
of
these
dlt
platforms?
Are
you,
and
also
a
follow-up
on
that
is?
Are
you
getting
any
guidance
on
the
security
assessments
of
these
implementations.
B
So
I
don't
probably
know
as
much
about
the
second
part
of
that
question,
but
in
terms
of
the
the
first
part
I
feel
our
approach
has
been.
You
know,
nist
sort
of
lays
out
their
different
fips
modules
for
how
you
have
to
and
how
you
have
to
so
so
for
the
most
part
we're
just
looking
at
if
we
sort
of
uncouple
unpack
the
technology
itself,
using
the
theorem
or
using
whatever
we're
using
and
so
like,
apply
it
against
those
flips.
Does
it
does
it?
B
You
know
marry
up
well,
the
only
thing
right
now
that
we
found
and
again
it's
because
we
used
ethereum,
is
that
it
uses
that
ketchup
256
as
opposed
to
a
shot
two
or
a
shaw,
three
hashing
algorithm.
It's
been
the
only
area
right
now,
but
I
do
think
you
know
given
blockchain
is
more
of
a
decentralized
application
where
again,
it's
not
sort
of
you're,
just
not
just
hosting
something.
Necessarily
within
your
agency,
it's
gonna
be
cross
agency.
B
B
Security,
I'm
not
knowledgeable
enough
about
the
security
stuff.
I
will
say
that
we
are
working
with
them
on
this
next,
this
next
project,
where
we
are
looking
to
sort
of
understand
that
that
cross-agency
authority
to
operate
just
to
understand
like
what
does
that
even
look
like?
How
do
we
even
do
this
as
a
government,
so
hopefully
we'll
unpack
a
lot
more
of
the
things
with
that
effort.
A
D
All
right
sure,
thank
you
thanks.
So
thanks
greg,
the
team
is
impressive.
Poc.
I
work
in
a
concert
for
government
agencies.
So
a
few
questions,
so
you
mentioned
the
aptm
native
compliance
and
he
pointed
out
that
fifth,
two,
the
guys,
had
any
communication
with
the
ethereum
or
unleashed
current
effort
to
debate
that
issue.
B
If
you
actually
looked
at
tam,
if
you
have
we
sort
of
looked
at
four
different
components
from
from
nist,
the
hashing
algorithm
was
one
the
the
key
management
there's
another
fips
module
related
to
that
there's
two
others
that
I'm
that
I'm
missing,
but
again
the
only
thing
that
we
sort
of
like
having
from
a
nist
or
the
standards
perspective
right
now
is
just
the
hashing
algorithm
to
date.
Anyway,.
A
B
John
yeah,
I
missed
that
so
yeah
we
are
so
this
is
was
has
been
a
part
of
this
entire
project.
I
should
have
mentioned
that
earlier.
So
with
us,
working
with
nsf
they've
been
pressure
testing,
this
application
with
us
from
the
very
start
and
again
this
is
more
of
like
a
getting
them
aware
of
what
we're
doing,
seeing
things
we're
not
going
to
be
seeing
from
their
perspective,
so
they've
been
they've,
been
along
the
entire
time
and
then
we'll
continue
to
be
along
with
us.
B
C
D
E
E
And
it
was
supposed
to
be
a
story
of
hope
and
what
ended
up
happening
was,
after
a
week
and
a
half
they
had
to
stop,
because
every
piece
of
follow-up
information
they
did
was
a
bridge
to.
Nowhere
was
a
road
that
was
not
built
was
a
project
where
the
money
just
simply
disappeared
and
it
didn't
create
the
jobs
or
and.
A
E
I
think
what
I'm
seeing
what
you
guys
have
just
built
this.
This
pilot
you
have
built
is,
in
your
token,
you
have
tied
to
internal
controls
to
a
date,
and
you
have
the
total
ability
to
tie
your
internal
controls
to
releasing
milestones
and
dispersing
payments
if
contra
in
the
case
of
an
infrastructure
deployment.
A
E
B
A
B
C
B
B
Not
that
that's
a
you
know,
I'm
not
taking
a
a
take
on
the
the
question
it's
just
more
of
like
that
probably
falls
a
little
bit
outside
of
what
we
do
within
the
bureau
of
the
fiscal
service
from
a
financial
management
perspective.
So
we're
right
now
we're
just
going
to
just
slowly
focus
on
the
the
the
payment
aspect
and
its
impact
on
on
reporting.
C
D
B
B
We
don't
have
we
didn't,
we
don't
have
any
precise
numbers
at
this
point.
That's
kind
of
one
of
the
things
that
we
want
to
look
at
in
the
next
phase
of
this
is
to
get
to
start
to
quantify
what
that
burden
reduction
would
actually
look
like.
We
have
identified
a
couple
of
burdensome
reports
that
we
think
that
we
could
largely
eliminate
if,
if
we
use
blockchain
to
facilitate
those
payments,
but
at
this
point
we
probably
don't
have
a
really
good
understanding
of
and.
C
B
The
nature
of
proofs
of
concept,
as
you
sort
of
do
it,
you
sort
of
say,
does
this
offer
any
value,
maybe
sort
of
look
at
a
couple
of
those
reports
that
are
that
are
causing
some
of
the
burden,
but
the
but
the
breadth
of
which
you
know.
I
think
it's
still
a
little
too
early
for
us
to
to
to
know
to
tell,
but
we're
hoping
you
know
as
we
as
we
sort
of
advance
this,
then
we're
gonna
have
a
little
bit
more
a
little
more
information
around
that.
A
Okay
and
then
a
follow-on
question
to
that
is,
it
looks
like
you've
really
been
listening
to
your
stakeholders
here
and
one
of
the
things
I
caught
when
you're
going
through
the
presentation
was
the
ability
to
return
grant
funds
and
it
sounded
like
that
was
really
a
big
win
for
a
lot
of
the
stakeholders
here.
So
maybe
can
you
walk
me
through
some
of
the
challenges
that
you're
facing
today
that
that
really
addresses
and
makes
it
much
easier
to
almost
kind
of
reconcile
the
books.
G
Yeah,
so
people
can
return
grant
funds
through
checks
back
to
the
agencies
or
sometimes
their
return
through
treasury
and
sometimes
they're
not
tagged
with
exactly
what
grant
that
they
are
returning
the
funds
on.
So
then
it's
a
challenge
to
figure
out
which
grant
it
actually
ties
back
to,
and
sometimes
it
takes
extra
steps
because
it
doesn't
go
back
like
to
the
program
office.
It
goes
to
the
financial
office
and
it
starts
there
so
that
tracking
doesn't
track
back
to
the
individual
grant
and
it
takes
a
bit
of
time
to
figure
out.
G
So
that's
you
know
kind
of
the
challenges
you
know
when
when
funds
are
sent
back
in
that
you
know
they
don't
always
have
the
right
tracking
numbers
on
them
or
they
you
know
it
could
get
separated
from
the
right.
You
know
tracking
numbers
and
and
by
doing
it
on
the
blockchain,
we'll
have
all
of
that
transparency.
A
B
Well,
we
do
want
to
you,
know,
capture
the
thoughts
and
feedback
from
some
of
the
other
grant,
making
agencies
and
those
recipients
as
well.
So
we
know
like
hhs,
is
a
big
one.
Somebody
said
usaid,
they
also
give
grants
out
department
of
education.
There
are
some
that
give
them
just
to
stay
local,
so
we
do
want
to
kind
of
capture.
You
know
if
you
look
at
if
you
look
at
all
of
the
use
cases
that,
where
we
pay
grant
recipients
across
the
federal
government,
we
would
like
to
try
to
you
know
capture.
B
You
know
60
70,
80
of
that
this
next
go
around
just
to
get
those
stakeholders
in
just
to
give
us
more
of
those
those
those
insights
into
what
would
work,
what
wouldn't
work
so,
but
I
think
you
know,
for
example,
right
now:
the
hhs
is
a
big
one
for
us,
I
think
some
of
the
state
local
for
us
is
good,
would
be
good
feedback
and
insights
as
well.
But
you
know,
I
think,
tammy
is
there
any
that
we
all
have
targeted
for
this
next
round.
G
A
B
A
F
A
B
A
B
Everybody
through
the
insights
and
things
like
that
that
we're
getting
that
we
would
like
to
do.
Presentations
like
this
is
to
get
the
some
of
the
feedback,
but
the
important
thing
to
know
is
that
you
know
from
our
perspective.
This
clearly
is
still
a
proof
of
concept.
It's
still
sort
of
clearly
in
the
innovation
exploration
phase,
we
are
seeing
some
places
where
it
could
add
value,
but
we're
also
seeing
some
hurdles
and
some
challenges
as
well.
B
A
B
D
A
Okay,
perfect,
okay,
craig
tammy.
I
really
appreciate
your
wonderful
time
this
morning
and
thanks
for
the
great
presentation
looks
like
some
innovative
work
going
on
there
and
I
look
forward
to
you
know
a
future
presentation
where
you
come
back
and
we
go
through
this
again
and
just
kind
of
say:
you
know:
here's
the
wins
from
what
we
did
with
our
poc
and
it'll
be
a.