U.S. Department of Homeland Security to Monitor Blockchain Transactions
The U.S. Department of Homeland Security(DHS) is seeking to analyze blockchains and to develop a framework to track ZCash and Monero effectively using "a product to support the implementation of blockchain based forensics, data analysis, and information sharing."
A proposal has been proposed by DHS to invite interested parties to develop applications that would help the DHS to effectively track and analyze Blockchains with respect to the emergence of cryptocurrencies.
Though researches have been conducted on the operations of cryptocurrencies like Bitcoin(BTC) they have covered "limited scope in the realm of cryptocurrencies". The proposal is focused on applications for analyzing private blockchains which are privacy-oriented like ZCash and Monero.
The document says,
"A key feature underlying these newer blockchain platforms that are frequently emphasized is the capability for anonymity and privacy protection. 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. To that end, this proposal calls for solutions that enable law enforcement investigations to perform forensic analysis on blockchain transactions."
The DHS notes that traits like anonymity are "desirable" but also believes that "a compelling interest in tracing and understanding transactions and actions on the blockchain of an illegal nature."
DHS also stated that the solution can also be applied in other cases,
"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."
In late February, the U.S. Defense Advanced Research Projects Agency (DARPA) will host a two-day workshop on Blockchain.
The notice is currently a pre-solicitation one. In this period of notice, the DHS will receive technical questions and consultation but will not entertain the formal application of businesses and experts to provide solutions.
The release of the final solicitation is scheduled for December 19th, 2018.
In late February, the U.S. Defense Advanced Research Projects Agency (DARPA) will host a two-day workshop on Blockchain. DARPA is the research arm of the department of defence.
The agency is mostly interested in "several, less-explored avenues of permissionless distributed consensus protocols," including large-scale consensus protocols that cannot be traced and economy-driven security models.