THELOGICALINDIAN - Governmentsare assuming accretion absorption in cryptocurrencies and blockchain technology A contempo columnist absolution capacity that this anniversary the US Department of Homeland Security DHS affairs on allotment 600000 in grants to governmentrelated broadcast balance startups
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DHS Funds Blockchain Research for ID Services
A brace of years ago no cryptocurrency enthusiast would apprehend government and nearly every bequest bank in the apple to be invested in the technology that supports the Bitcoin network. However, today is a altered adventure with ample banking institutions, and government organizations assuming they are action big on blockchain technology. This accomplished anniversary on June 7, DHS appear it will be application grants to six companies that are alive with these types of protocols.
Each business will be accustomed $100,000 out of $3.1 actor disconnected by 29 companies focused on science and technology. The money comes from the Small Business Innovation Research (SBIR) charter, a affairs created in 1982. The six startups abide of the Respect Network Corporation, Celerity Government Solutions LLC, Digital Bazaar, Inc., RAM Laboratories LLC, Narf Industries LLC, and BlockCypher. The DHS address states the projects are meant for “blockchain applications for Homeland Security analytics, and the account of blockchain technology to character administration and aloofness protection.”
One of the admission winners BlockCypher has been accepted for adopting $3.5 actor from firms such as Blockchain Capital, Boost VC, Jesse Draper, AME Cloud Ventures, and is additionally alive with the bunch banking academy Deloitte. The activity consists of an “infrastructure bolt for blockchain applications” which additionally supports Ethereum.
Projects like BlockCypher address to Homeland Security because the API basically crawls assorted blockchains providing “queries to accepted information, notifications arrangement for a advanced array of contest on blockchains, and queries advice about addresses” amid abounding added resources. As able-bodied as afresh abacus Ethereum’s blockchain, the account supports Bitcoin Testnet3, Litecoin, and Dogecoin networks as well.
Governments See Future in Distributed Ledgers
Governments are attractive anon at Bitcoin and blockchain technology these days, and the bulletin is bright they are interested. On June 1st, broadcast balance advocates explained cryptocurrency solutions and blockchains to an admirers of axial bankers from 90 altered countries. The Chamber of Digital Commerce assembly including Founder and President, Perianne Boring, met with Federal Reserve Chairwoman Janet Yellen as well. According to the press release and assorted account publications, Yellen and her colleagues are actual absorbed in banking technologies.
Internationally the aforementioned affair is accident as government agencies are additionally entering the race. Back in February the blockchain-based close Chainalysis signed a memorandum with Europol. Chainalysis additionally crawls the Bitcoin blockchain award addresses, clusters, and different patterns amid them all. The aggregation has additionally helped Tokyo board and Kraken with the Mt. Gox scandal.
Government organizations are actual absorbed in the abounding solutions blockchain technology has to action to advice them action crime, break character and budgetary dilemmas bureaucrats face daily.
What do you anticipate about Government accepting in the blubbery of the blockchain technology industry? Let us apperceive in the comments below.
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