The Department of homeland security (DHS) will allocate funds for the development of blockchain-solutions to combat counterfeit documents. Each startup may receive a grant in the amount of 800 thousand dollars.
The Ministry announced about this on Tuesday via its own unit Science and Technology Directorate. In the framework of the Silicon Valley Innovation Program (SVIP) funding will be divided into four stages. It is noteworthy that startups will not have to sell their shares to receive financing.
Program funding is a direct result of the November petition DHS on the need to prevent the forgery of licenses and certificates. With this initiative and the blockchain technology, Agency plans to expand its capabilities in the fight against fake documentation.
Melissa Oh, managing Director at SVIP, said:
"The Ministry needs innovation that will give a guarantee that we will be able to stay ahead of various threats to national security for even one step."
Blockchain startups wishing to receive funding must demonstrate solutions that can be used for different purposes ― for example, for issuing digital documents related to travel, citizenship, immigration and work permits, and international shipments of oil, raw materials, etc.
The grants may be awarded to startups and small businesses that not signed contracts with the state totaling more than one million dollars in 2017. In addition, the staff of a company should consist of at least 200 people.
Anil John, SVIP technical director, said:
"National security involves the issuance of certificates, licenses and permits for various needs. For example, for travel, citizenship, right to work and immigration status, as well as security of the supply chain. And thanks to the blockchain and a distributed ledger technology, we will produce digital copies of documents that currently exist only in paper form. Thus it will be possible to prevent their loss, destruction and falsification".
The U.S. Department of Homeland Security has been interested in blockchain technology in 2015. Most Recently, the Agency has prepared a motion about the need to keep track of the transactions of cryptocurrencies like Monero and Zcash, which provide own users with maximum level of privacy.