An announcement from the Department of Homeland Security (DHS) has revealed that the Austin-based firm Factom will receive a grant for $199,000 USD to procure a system of security of digital identity for Internet of Things (IoT) devices.
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Factom to Ensure Immutability for IoT Devices
In a press release sent to Bitcoin.com, DHS awarded Factom with some funding from the Science and Technology Directorate (ST).
The plan for the capital is for a project entitled, “Blockchain Software to Prove Integrity of Captured Data From Border Devices.”
The funds were awarded to the Factom team through securing the Internet of Things (IoT), Solicitation Number: HSHQDC-16-R-00035. This is the first proposal under the newly created Silicon Valley Innovation Program.
DHS Under-Secretary for Science and Technology Dr. Reginald Brothers stated in the announcement:
“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. ST is excited to engage our nation’s innovators, helping us to develop novel solutions for the Homeland Security Enterprise.”
Internet of Things technology uses microchips within everyday devices and
Read more ... source: TheBitcoinNews
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