The U.S. Division of Homeland Safety (DHS) desires to know if monitoring transactions performed utilizing privateness cash is possible.
A brand new pre-solicitation document printed by the DHS Small Enterprise Innovation Analysis Program discusses using cryptocurrencies comparable to bitcoin for transactions. Whereas the doc notes that there are each industrial and authorities makes use of for crypto, the subject particularly focuses on discovering a strategy to conduct forensic evaluation on privacy-focused cash if they’re used for legal exercise.
Within the doc, DHS highlights that platforms comparable to zcash and monero emphasize privateness and anonymity as key options, making it tough to find out the place a transaction originates or how a lot is distributed.
“Whereas these options are fascinating, there’s equally a compelling curiosity in tracing and understanding transactions and actions on the blockchain of an unlawful nature,” it reads.
From the doc:
“This proposal requires options that allow regulation enforcement investigations to carry out forensic evaluation on blockchain transactions. This evaluation may be approached in any variety of methods and should think about completely different knowledge state of affairs use circumstances relying on whether or not further knowledge from off-chain sources can be found.”
Whereas the doc cites zcash and monero as two examples of privacy-focused cryptocurrencies, it additionally notes that new platforms may be developed with comparable options. As such, any proposed answer must both be relevant extra typically or “present working approaches to treating newer blockchain implementations.”
The file outlines three phases such a proposal would observe.
The doc notes that it’s neither a solicitation nor a Request for Proposals, which means the company isn’t on the lookout for particular options right now. Relatively, events can contact subject authors till Dec. 18 to both present a remark or ask technical questions. The precise solicitation is anticipated to be launched round Dec. 19.
DHS didn’t instantly reply to a request for remark.
Learn the complete doc under:
FY 19 SBIR Pre-Solicitation… by on Scribd
Department of Homeland Security picture by way of g0d4ather / Shutterstock