The US Department of Homeland Security Science and Technology Directorate has awarded Factom a USD 192,380 grant and will possibly award up to a total of USD 800,000 as part of the Silicon Valley Innovation Program (SVIP) to integrate critical infrastructure such as cameras and sensors with blockchain technology.
This project began in 2016 when Factom was awarded an initial USD 200,000 and it has been working on integrating existing security technologies into the blockchain since then.
There will be a final phase of testing where there will be limited connectivity and varying weather conditions to demonstrate reliability under the conditions that US border patrol agents operate in. If the tests go successfully, Factom’s product will be deployed across the US border.
Using blockchain technology and its intrinsic cryptographic security, the technology aims to ensure that border sensors and cameras won’t be spoofed, manipulated, or disrupted. There are plenty of reasons people would want to hack border patrol technology, with the main concerns surrounding the smuggling of drugs or migrants across the border. Once the system is in place it would be extremely difficult to hack without being very obvious to the entire network.
Factom specializes in securing, storing, and sharing data with blockchain technology for governments and corporations. It has a native cryptocurrency for its platform, FCT, with a market cap of USD 97 million.
SVIP managing director Melissa Ho said the goal of SVIP is to partner with companies to produce the best homeland security technology. She says the testing phase in a realistic border patrol environment will greatly enhance the development of this blockchain technology.
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