US Department of Homeland Security Funds Funds Factom for IoT Border Data on Blockchain

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The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) today awarded $199,000 to Factom  to advance the security of digital identity for Internet of Things (IoT) devices. 

The project titled “Blockchain Software to Prove Integrity of Captured Data From Border Devices” was awarded through the first call for proposals under the Silicon Valley Innovation Program (SVIP)  which launched in December 2015 to encourage non-traditional performers to offer solutions to some of the toughest threats facing DHS and the homeland security mission. 

“IoT devices are embedded within our daily lives – from the vehicle we drive to devices we wear – it’s critical to safeguard these devices from adversaries, said DHS Under Secretary for Science and Technology Dr. Reginald Brothers. “S&T is excited to engage our nation’s innovators, helping us to develop novel solutions for the Homeland Security Enterprise.”

The Internet of Things is a convergence of mobile devices, information technology networks, connected sensors and devices. The DHS OTS call for security solutions seeks novel ideas and technologies to improve situational awareness and security for protecting these domains, including the 16 critical infrastructure sectors monitored by DHS.

“The start-up community is already developing innovative commercial solutions for IoT, so why not take advantage of that?” said Melissa Ho, Managing Director, S&T’s Silicon Valley Innovation Program. “DHS is engaging this community to gain access to products that will have a large impact to our enterprise, and we’re excited by the diversity of solutions this solicitation is able to bring to the Department.”    

The Factom team proposes to authenticate devices to prevent spoofing and ensure data integrity by leveraging one of the most secure networks – the Blockchain. Factom will create an identity log that captures the identification of a device, who manufactured it, lists of available updates, known security issues and granted authorities while adding the dimension of time for added security. The goal is to limit would-be hackers’ abilities to corrupt the past records for a device, making it more difficult to spoof.

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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