Tech 5 December 2018

Ed Drake

Homeland Security wants a look at activities on private blockchains

The U.S. Department of Homeland Security (DHS) has become the latest arm of government to take an interest in blockchain, this time with a view to develop forensic analysis tools for analysing blockchain transactions.

The department is seeking submissions from blockchain experts as part of a consultation exercise, inviting design applications as well as commentary from interested parties. The process is aimed at exploring solutions that would allow Homeland Security investigators to conduct detailed analysis of blockchain transactions, including privacy coins, which have until now eluded existing analytics technologies.

Interestingly, the Department of Homeland Security specifies that while previous analysis work has been conducted on Bitcoin Core (BTC) blockchain, it is interested in new options for analysis on privacy coins such as Monero and Zcash, which exist within private blockchains.

This is relevant given the association of privacy coins along with BTC in alleged criminal use cases for these digital currencies, with criminals turning to the anonymity afforded by transacting on these blockchains.

According to the solicitation document, the technology should “provide working approaches to treating newer blockchain implementations,” as well as having applicability in other administrative use cases. It noted, “Because of the significant impact in areas such as governance, data sharing agreement enforcement, and encrypted analytics interchanges, there are a wide variety of applications in government and the commercial marketplace that can benefit from successful product development.”

The pre-solicitation notice will be finalised on December 19, at which point formal applications will be welcomed, as part of the initial stages of a process that could offer greater access for the authorities to these closed blockchain networks.

In launching the pre-solicitation notice, the Department of Homeland Security becomes the latest government agency to increase its focus on blockchain technology.

Recently the U.S. Defense Advanced Research Projects Agency announced plans for a two day research event, as part of its interest in “several, less-explored avenues of permissionless distributed consensus protocols.”

It comes at a time of increasing awareness of the value of blockchain technologies in public administration across different sectors, with government agencies exploring a number of use cases for blockchain systems.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

COMMENT

latest news

bComm Association Founding President Jimmy Nguyen on Metanet project

Tech 13 hours ago

bComm Association Founding President Jimmy Nguyen on Metanet project

At the beginning of December, nChain, a company dedicated to blockchain research and development, unveiled its Metanet project.

Read More
A closer look at Dr. Craig Wright’s peer-to-peer web payments series

Tech 13 hours ago

A closer look at Dr. Craig Wright’s peer-to-peer web payments series

Dr. Craig Wright has been running a series of posts through his Medium account that give great detail on new applications and uses for Bitcoin. A closer look at that plan through a blog post on nChain’s website gives even more clarity on how it could be implemented.

Read More
6 breakthroughs in 6 days for Bitcoin SV dev Unwriter

Tech 21 January 2019

6 breakthroughs in 6 days for Bitcoin SV dev Unwriter

Unwriter has had a truly big week. From January 14 to 20, the developer released six innovations in six days for the Bitcoin SV (BSV) blockchain on BitDB.

Read More