Factom Startup to Win US DHS Grant

A grant of will help to test the platform for the protection of data from surveillance cameras and sensors of the US Border Service
18 June 2018   741

The amount of received grant is almost $200k. This is reported by Coindesk.

The early phases of Factom's work has informed architecture choices and design decisions inherent in integrating blockchain with existing technologies. In Phase IV, Factom will deploy this technology in a realistic field environment with Customs and Border Protection (CBP) to understand its operational impacts.

Anil John

Identity Management Research and Development Program Manager, DHS Science and Technology Directorate

Based in Texas, Factom is working on a technology that allows to integrate data from cameras and sensors into the blockchain, ensuring their security and eliminating the possibility of third-party interference or their modification. The solution will be tested on a platform with limited access to the Internet and the possibility of changing weather conditions, which will allow testing it under different scenarios.

This is the fourth grant received by Factom from DHS within the framework of the Silicon Valley Innovation Program launched by the agency, which gives technology companies the opportunity to apply for funding in excess of $ 800,000 over a 2-year period.

In addition to Factom, another 22 companies are currently developing solutions for DHS. Their field of activity includes work on products in the field of the Internet of things, unmanned aerial complexes, cybersecurity for financial services, systems for assessing passenger flows and wearable technologies.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   108

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.