The Science and Technology Directorate (S&T) of the U.S. Department of Homeland Security (DHS) has awarded $182,700 to Toronto-based Mavennet Systems to integrate its blockchain solution for cross-border oil imports.
The blockchain technology will primarily be used for tracking the oil and gas flow into the U.S. from Canada by the Customs Border Protection (CBP).
The contract to Mavennet was awarded under S&T’s Silicon Valley Innovation Program (SVIP) for ‘Preventing Forgery & Counterfeiting of Certificates and Licenses’.
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