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.”