Factom wins DHS award to develop blockchain-based anti-fraud system

The Department of Homeland Security (DHS) Science and Technology Directorate (S&T), today announced it has awarded $197,292.00 to Factom, Inc. based in Austin, Texas, to develop a blockchain security system that agencies can use to create and verify identities and help detect fraud involving imports, such as raw materials.

S&T is exploring the application of blockchain and distributed ledger technology (DLT) to issue credentials digitally to enhance security, ensure interoperability, and prevent forgery and counterfeiting.

Factom Technology

Factom’s Phase 1 award project “Applying Cross-Blockchain Technology to Help Prevent Forgeries or Counterfeiting of Certificates and Licenses” proposes a platform that enables organizations to manage certificates and licenses associated with tracking raw material imports via an open system that ensures the provenance of issued credentials.

This approach will provide mechanisms to ensure that any relevant business constraints are not violated, allowing for the selective disclosure of process-relevant information and improving audibility, accountability, transparency, and efficiency.

“Data-centric blockchains that can work with any type of data are useful in enterprise contexts such as those of U.S. Customs and Border Protection for understanding the origin of raw material imports. Factom is addressing this business and technical problem in a manner that supports global interoperability by adapting their existing Harmony products to support emerging World Wide Web Consortium global standards such as decentralized identifiers and verifiable credentials.”
– Anil John, S&T’s Silicon Valley Innovation Program (SVIP) Technical Director

The Phase 1 award was made under S&T’s SVIP Other Transaction Solicitation Preventing Forgery & Counterfeiting of Certificates and Licenses seeking blockchain and DLT solutions to fulfill a common need across DHS missions.

SVIP is one of S&T’s programs and tools to fund innovation and work with private sector partners to advance homeland security solutions. Companies participating in SVIP are eligible for up to $800,000 of non-dilutive funding over four phases to develop and adapt commercial technologies for homeland security use cases.