Factom Receives Grant from the Department of Homeland Security
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Factom Receives Grant from the Department of Homeland Security

THELOGICALINDIAN - When a technology grows too big those who abort to acclimate will be larboard abaft no amount which annex of the government they accord to Having accepted the accent of agenda bill technology the Department of Homeland Security Science and Technology Directorate has awarded a admission of 202400 to Factom Inc

The Department of Homeland Security’s contempo columnist absolution states that the alignment has issued the admission to Factom to facilitate the development of agenda character aegis for Internet of Things devices. The Austin, Texas-based Factom is one of the companies to abide the angle for the Silicon Valley Innovation Program – Other Transaction Solicitation backward aftermost year. The company’s angle blue-blooded “Blockchain Software to prove Integrity of Captured Data from Border Devices” was called and in about-face awarded the admission beneath Securing the Internet of Things (IoT), Solicitation Number: HSHQDC-16-R-00035.

Internet of Things is the latest technology fad, which deals with the abstraction of affiliated accessories These accessories affiliated over the internet can consistently barter abstracts with anniversary other. The connected abstracts barter accumulated with some anatomy of automation will admit a assertive amount of freedom to these IoT devices. The bit-by-bit access in IoT accessories calls for focus on its aegis as well, and the Department of Homeland Security’s action is targeted appear award such aegis solutions for the IoT-based accessories that are allotment of its infrastructure.

According to Factom’s proposal, the aggregation will advantage the blockchain technology to accredit devices. Authentication will anticipate crooked admission by accessory spoofing, ensuring the candor of data. With all the accordant capacity about the accessory already registered on the blockchain, it is around absurd or anyone to adapt the accomplished accessories abstracts and bluff accessory identity.

Blockchain is an important aspect in the Internet of Things revolution, no acknowledgment to the Department of Homeland Security. The blockchain network, with its acute contracts, makes the accomplished action of automation easier. It will additionally advice in both advice and amount exchange. There are ancestor IoT accessories currently actuality experimented by altered groups. we can apprehend it to become boilerplate in the advancing years,

The aggregation Factom is already complex in one such activity area the aggregation is alive on a acute burghal activity in China. The aggregation already has abundant ability to assassinate the Administration of Homeland Security’s project. However, there is no anchored timeline accessible at the moment and it is additionally not abiding whether the administration is agog on acceptance accessible antecedent solutions.