It is very obvious at this point that many world governments are still on the fence on the issue of cryptocurrency and cryptocurrency-related regulations and some countries have completely banned the use of crypto and some are still trying to get regulatory issues settled as there is concern about the use of cryptocurrency undermining the local economy or its use for criminal activities. Blockchain, however, has seen favor from many governments, even those that are not particularly interested in cryptocurrency and this is because blockchain has a wide range of uses and can create greater efficiency in various systems.

On September 26, 2019, it was announced by United States DHS Science and Technology Directorate (S&T) that the US department of homeland security would be giving a grant to a Vienna-based tech firm for the development of blockchain solutions.

Help Granted 

The amount that was granted by the department was $143,478 to Vienna-based Danube Tech and it is going to be used by the firm for the fighting of forgery as well as the counterfeiting of certificates. The use of blockchain to combat certificate fraud has been a popular theme in the last few years as several institutions across the globe are implementing it for the issuing of their degree and educational certificates and this has been one of the most popular blockchain uses. This is because blockchain creates an irrefutable ledger of all transactions that take place across it and this means that fraud is practically impossible on a blockchain-based system.

These new services which are being developed to potentially be used by a number of governmental bodies within the United States such as U.S. Customs and Border Protection (CBP), the Transportation Security Administration, and Citizenship and Immigration Services. 

“Current issuance processes are often paper-based, do not facilitate data exchange, and use among systems and could be susceptible to loss, destruction, forgery and counterfeiting. S&T is exploring the application of blockchain and DLT to issue credentials digitally to enhance security, ensure interoperability, and prevent forgery and counterfeiting,” the release says. 

The ground in question is being funded by S&T’s Silicon Valley Innovation Program (SVIP) who regularly give funds to companies that are developing solutions that could potentially benefit the department of homeland security and clearly blockchain is on the agenda.

What's your reaction?
Leave a Comment