Texas-based Facom receives funds to develop data protection solution for US DHS

Posted 18 June, 2018

The US blockchain company Factom has received $192,380 grant from the US Department of Homeland Security. The funds will be spent for beta-testing of the platform for protection of the data from security cams and sensors of the US Border Patrol.

The company originating from Texas is said to develop the technology that transfers all the information received from the cams and sensors to the blockchain, leaving no chance for changes, disruption or modification. As the media reported, the project's trial may be carried out with "limited internet connectivity" and under the different weather in an attempt to bring it to the real conditions of Border Patrol performance as closely as possible.

As said the company expert, the Stage 4 of the project will take place in real time already: 

"In Phase IV, Factom will deploy this technology in a realistic field environment with Customs and Border Protection (CBP) to understand its operational impacts." 

Notably, the company has received four grants in total from the Department, with the first one ($199,000) being awarded in summer 2016. This financing became possible after the authority launched  Silicon Valley Innovation Program under which the companies can compete for funding exceeding $800,000 within 2 years. In particular, the Department of Homeland Security also finances 22 companies along with Facom. The developments include unmanned aviation complexes, cybersecurity solutions for the financial sector, etc. 

"The early phases of Factom's work has informed architecture choices and design decisions inherent in integrating blockchain with existing technologies," noted Anil John, Identity Management Research and Development Program Manager at the DHS Science and Technology Directorate, in the authority press release.

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18 June, 2018 16:58

← Binance keeps expanding – airdrops support and Coin of the Month

The major trading platform for bitcoin – Binance – reportedly announced that it would support airdrop companies and resume Coin of the Month voting. The exchange will support three EOS-based projects IQ, DAC and EON. Notably, the company stated that like other coins, all these EOS projects are to pass the strict check for listing and trading on the platform.

Binance keeps expanding – airdrops support and Coin of the Month

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South Korea to launch Crypto Beach project following Swiss Crypto Valley
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