Factom + US dept homeland security5 May 2018 09:29
SEEN on REDDIT..... FACTOM relationships...
Hey guys, I know most of you have heard about Factom and DHS, but thought I would shed some more light on what exactly this program is, and what it entails.
The DHS Silicon Valley Innovation Program was launched in 2015, and one of it's primary goals is to find new technologies that improve national security in government. DHS has reached out to private industry, and have taken an open minded approach to all possible technologies that can help them fulfill their mission, and naturally stumbled upon blockchain. As of today, a total of 18 companies have been awarded contracts in the following areas:
-Internet of things security(IOT- Factom was awarded in this category) -Enhancing CBP Airport Passenger Processing -Financial Services Cyber Security -K9 Wearable Technologies -Small Unmanned Aircraft Systems
Cool, but how does the program work? I'm glad I asked.
There are 4 Phases:
Phase 1: Proof of Concept, Award between 50-200k USD, 3-6 Month Duration
Phase 2: Demo Pilot Ready Prototype, Award between 50-200k USD, 3-6 Month Duration
Phase 3: Pilot Test Prototype in Operation, Award between 50-200k USD, 3-6 Month Duration
Phase 4: Test in Various Operational Scenarios, Award between 50-200k USD, 3-6 Month Duration
OK cool, but stop wasting our time and tell us about Factom, I know I know, sorry, but I needed to paint the background to this initiative.
Factom was awarded their contract in June 2016, and was the second company awarded under this program, making them well ahead of the game. Factom was awarded to "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".
Sources: FPDS.GOV (Type in Factom to see the contracts)
https://www.ethnews.com/factom-receives-second-dhs-grant-for-blockchain-iot-project
https://www.dhs.gov/science-and-technology/news/2017/01/10/snapshot-blockchain-technology-explored-homeland-security
https://www.dhs.gov/science-and-technology/hsip