Factom Receives Grant from the Department of Homeland Security
In recent news, the Department of Homeland Security's Science and Technology Directorate has issued a grant to Factom Inc., to work on blockchain based IoT security solution. When a technology grows too big, those who fail to adapt will be left behind, no matter which branch of the government they belong to. Having understood the importance of digital currency technology, the Department of Homeland Security, Science and Technology Directorate has awarded a grant of $199,000 to Factom Inc. The Department of Homeland Security’s recent press release states that the organization has issued the....
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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. Factom to Ensure Immutability for IoT Devices, In a press release sent to Bitcoin.com, DHS awarded Factom with some....
Blockchain-based company Factom has announced it will soon secure medical records on its platform. The firm received a grant from the Bill & Melinda Gates Foundation to provide immutable and easily accessible records. Gates Foundation Grant to Produce Distributed Medical Database. Factom, the blockchain as-a-service (BaaS) technology company, has....
The science and technology division of the US government department created in the wake of the 9/11 terrorist attacks is increasingly taking an interest in blockchain technology. First revealed in a December call for research, the US Department of Homeland Security (DHS) announced this June that it had awarded a $199,000 grant to blockchain startup Factom that finds the startup researching how the emerging technology could be used to ensure the security of cameras meant to monitor US borders. But while that project is specifically focused on Internet of Things and data security, DHS data....
Blockchain startup Factom has raised $4.2m in new funding to build a series of unnamed new products for its blockchain data network. The Austin, Texas-based company that lets users verify data using its Factom blockchain, fresh off winning a $200,000 grant from the US Department of Homeland Securities, now plans to scale with a series of hires to be announced over the coming months. Factom co-founder and CEO Peter Kirby said the Series A round, led by venture capitalist Tim Draper, will also be used to further develop its core technology and suite of products. Kirby told CoinDesk: "We....
Through a predominant public-private partnership program called Small Business Innovation Research (SBIR), the U. S. Department of Homeland Security (DHS) is looking to understand bitcoin's underlying technology, the blockchain. The U. S. Department of Homeland Security through the SBIR's Science and Technology Directorate (S&T) is now accepting proposals from small businesses comprising of fewer than 500 employees in at least 10 topic areas. Interestingly, the areas also cover the topics of "Applicability of Blockchain Technology to Privacy Respecting Identity Management" & "Blockchain....