US Government Supplying Up to $800K for Anti-Forgery Blockchain Alternatives

The U.S. Division of Homeland Safety is searching for to fund anti-counterfeiting alternatives from blockchain startups with grants of up to $800,000.

The DHS, as a result of its device Science and Know-how Directorate (S&T), declared the non-dilutive funding energy spread about 4 phases on Tuesday, under its Silicon Valley Innovation System (SVIP). Non-dilutive funding indicates an entity does not need to sell fairness to acquire funding.

The funding plan is relevant to the DHS’s November solicitation – “Preventing Forgery and Counterfeiting of Certificates and Licenses” – as a result of which the company is on the lookout to enrich its capabilities to prevent fake documentation using blockchain technological innovation.

“DHS has need of the improvements coming from this neighborhood to guarantee we are at minimum a step ahead of countrywide security threats,” said Melissa Oh, controlling director at SVIP.

To qualify for a grant, blockchain startups need to current proposed alternatives covering a variety of use scenarios, which include the issuing of electronic paperwork relevant to travel, citizenship, immigration and work authorization, as properly as cross-border oil and raw content actions and more.

The funding is open up to startups and small firms that have not had a federal government deal in the past year totaling $1 million or more and that have under 200 workforce at the time of application, the DHS indicates.

“The broad Homeland Safety mission incorporates the need to situation entitlements, licenses and certifications for a assortment of applications which include travel, citizenship, work eligibility, immigration status and supply chain security,” said Anil John, SVIP technical director.

He extra:

“Understanding the feasibility and utility of using blockchain and distributive ledger technological innovation for the electronic issuance of what are now paper-centered qualifications is vital to blocking their reduction, destruction, forgery and counterfeiting.”

The DHS has been intrigued in blockchain technological innovation as early as 2015 when it started accepting exploration proposals from small firms to improved fully grasp blockchain technological innovation. Most not long ago, the agency unveiled a pre-solicitation document that discusses the use of cryptocurrencies and if it is feasible to observe transactions carried out using privateness cash such as monero and zcash.

DHS vehicle impression by way of Shutterstock