US Government Opts to Save Power Via Blockchain Technology

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An Internet- of- Things security startup, TFA Labs, joins one of the earliest blockchain adoption crusader company, Factom to participate in a trial funded by the US government to ensure that devices on the power grid are not infected with malware. This project involves securing these devices using cryptographically signing produced data, via blockchain devices.

Following a recent announcement, this experimental project is backed up with a grant fund of $200,000 from the United States Department of Energy (DOE), which will be used to improve the security of the devices on the grid.

In an interview with Coindesk, TFA Labs CEO, Dennis Bunfield said that it is okay to use the Internet-of-Things devices to validate the security of the grid. He went further to say that his company can store raw data and data hashes of data. The project will be in phases, with the first phase lasting until march, the setup framework will be applied in stage two. Thought this is capital intensive, the startup intends to work with device manufacturers to access up to $1 million in funding from the DOE.

 

More for Facom From the US Government

Facom is a Texas-based startup, working on the technology that connects information collected from sensors and cameras into the blockchain. Its product can be tested in an environment with limited internet access and different weather condition to check its performance.

It just secured an award from the US Department of Homeland Security (DHS) of a grant of $192,380 to participate in data testing to secure data from Border Patrol cameras and sensors.

The first stage of this project will involve integrating blockchain with existing technologies. 

This is done by releasing the technology in a certain field environment with Customs and Border Protection to understand its operation.

Besides Facom, twenty-three 

other companies are developing their solutions for DHS using its grant assistance. Some of the technologies being worked on are cybersecurity solutions for financial services, global travel assessment system, airport passenger processing and wearable technologies, unmanned aircraft system, and internet of things.

According to the Identity Management Research and Development Program Manager at DHS Science and Technology Directorate, Anil John, Facom technology devices are more in line. Its blockchain seems to be what is needed to make a change in the identity of the device.

 

Facom is presently working with organizations like Bill and Melinda Gates Foundation to see if the usefulness of this technology to track data of those who live in the remote part of the world.