The U.S. Department of Homeland Security (DHS) awarded $198,642 to Texas-based blockchain firm Transmute Industries for a proof of concept for using distributed ledger technology (DLT) for raw materials imported in the country.
The blockchain project will be developed for the Customs and Border Protection (CBP) using Transmute’s blockchain identity solution for transparency, automation and security of steel, timber and diamonds entering the U.S.
The grant was
issued by the Science and Technology Directorate of DHS to prevent forgery and counterfeiting of raw materials. The Transmute ID will provide “Verifiable Provenance, Traceability, and Regulatory Compliance for Raw Material Imports”. Primarily, the project will enable digital credentialing of shippers, brokers, carriers, drivers, vehicles and devices to curtail unethical practices and ensure compliance with trade treaties with different countries.
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