UTSA NSCC awarded $300,000 NSF Decentralized Autonomous Organization Collaboration Hub Grant
For Immediate Release August 3, 2023
The Decentralized Autonomous Organization Collaboration Hub (DACH) is a groundbreaking national collaboration initiative to foster continuous innovation in the digital asset ecosystem. In an era where digital assets, such as cryptocurrencies, have attained over a trillion dollars in market value, the need for public and private collaboration is not just important, but essential. Recognizing the dynamic nature of the digital asset market, the DACH project aims to create a robust framework that can adapt to market fluctuations and maintain relevance. The DACH project's impact extends beyond the financial and cryptocurrency sectors, reaching into vital areas like healthcare, advanced manufacturing, supply chain management, energy, transportation, dynamic contracting/autonomy and Web3.0 related products and services. Additionally, DACH presents an opportunity for public and private sector innovators to work together to mitigate and deal with a range of risks, frauds, and scams in this space. By fostering a public/private partnership with extensive participation, the DACH project aims to create an inclusive environment that caters to the diverse needs and interests of society, thereby democratizing financial systems and reducing inequalities.