Sunday January 24, 2021
Bitcoin (BTC) $31,349.00   Ether (ETH) $1,329.60
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Vendor Technology

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

This is Factom's second DHS SVIP award. The first award was in 2016 focused on using the blockchain to secure data collected by the U.S. Border Patrol’s sensors and cameras against spoofing, deletion or tampering. Factom continues to work with partners to roll out the internet of things (IoT) security technology at production scale.

Published by CryptoNinjas.net
11/19/2019

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.

10
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

Health data-sharing platform HealthNet to launch on Factom blockchain

Health data-sharing platform HealthNet to launch on Factom blockchain

01/28/2020
Off-Blocks launches eSignature platform on the Factom blockchain

Off-Blocks launches eSignature platform on the Factom blockchain

01/13/2020
Avanta Risk Management integrates Factom blockchain for HOA document verification

Avanta Risk Management integrates Factom blockchain for HOA document verification

12/19/2019
Factom PRO

Factom launches new blockchain secure data storage service for business

09/18/2019
Factom blockchain TFA Labs

TFA Labs to explore use of Factom blockchain to secure energy grid

09/06/2019
Skaffolder partners with Factom for blockchain application development

Skaffolder partners with Factom to improve blockchain app development

08/22/2019
Load More

Discussion about this post

Recent Updates

Blockchain supply chain solution SUKU releases social impact DeFi protocol

Crypto wallet Cobo adds support for Binance Smart Chain

Prediction market platform Omen to integrate crypto data oracles from API3

Mirror Protocol brings synthetic stock asset exposure to Binance Smart Chain

Crypto exchange Upbit shows over 100% user fund capitalization in audit report

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

GateHub launches Wallet Protect to cover up to $100K for XRP ledger wallets

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version