Copy link
Increase text size
Decrease text size
Link copied

U.S. Department of Homeland Security interested in tracking privacy-focused cryptocurrencies

Image: Glassdoor

Tue, 04 Dec 2018, 06:35 am UTC

The U.S. Department of Homeland Security (DHS) is interested in applications of blockchain forensic analytics, a new pre-solicitation notice has revealed.

The pre-solicitation notice has been published by the DHS Small Business Innovation Research Program. It noted that the previous efforts that addressed Bitcoin analytics covered only a “limited scope” within the crypto space. The document states:

“This proposal seeks applications of blockchain forensic analytics for newer cryptocurrencies, such as Zcash and Monero. And, ongoing research within the field also contributes to new technological implementations and techniques that continue to multiply the specific types of consensus, privacy, security, and proof mechanisms.”

It said that these new blockchain platforms, with their key features of anonymity and privacy protection, make it difficult to trace transactions. This is a key area of concern for financial authorities around the world as it becomes difficult to track the details in case of illegal transactions.

“While these features are desirable, there is similarly a compelling interest in tracing and understanding transactions and actions on the blockchain of an illegal nature,” the notice reads.

On these lines, the proposal is seeking solutions that enable law enforcement investigations to perform forensic analysis on blockchain transactions.

“This analysis can be approached in any number of ways and may consider different data situation use cases depending on whether additional data from off-chain sources are available. Furthermore, with the proliferation of new blockchain variants, the desired solution should either attempt to show generality or extensibility, or at least provide working approaches to treating newer blockchain implementations,” it added.

The pre-solicitation period, which will run until December 18, 2018, will give an opportunity to interested parties to comment on or request information about the topic areas attached in the notice. The final solicitation is expected to be released around December 19, 2018.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,423.00 (-2.84%)
  • Ethereum (ETH) $163.24 (-2.94%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $326.23 (-5.45%)
  • Bitcoin SV (BSV) $261.59 (-14.45%)
  • Bitcoin (BTC) $8,423.00 (-2.84%)
Jan 23, 2020 (Thursday)
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
World Economic Forum creates framework to help central banks design and deploy CBDC
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Four Belgian banks including BNP Paribas, ING to share corporate KYC data using blockchain
Crypto Technicals: XRP/USD dives over 4%, more weakness on break below 21-EMA support (0.2231)
Dubai's government-owned utility company and Siemens organize blockchain lectures and seminars
SportsCastr to reward viewers with own cryptocurrency 'FanChain'
Hacker Noon deploys first blockchain feature after leaving Medium
Hyperledger launches community group to leverage blockchain to meet climate goals
Crypto Technicals: ETH/USD extends weakness below 200H MA, eyes 110-EMA support at 159.52
Deloitte sees Facebook's Libra as “bold new proposition” to create global financial infrastructure
Square receives U.S. patent for cryptocurrency payment network
Crypto Market - Asian Session Wrap - 23rd January 2020
Kik technical advisor to appear for deposition in ongoing Kin ICO case with SEC
Grayscale continues to support ethereum classic developers
Crypto Technicals: BTC/USD turns bearish near-term, eyes 21-EMA support at 8318
Central banks of Hong Kong and Thailand complete DLT trial for cross-border funds transfer
Jan 22, 2020 (Wednesday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.