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.
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.