Blockchain technology is known to open up a wide range of possibilities for monitoring and controlling products and supply chains. This makes it interesting not only for the private sector. Security authorities are also increasingly discovering the benefits of the technology. This also applies to the US Department of Homeland Security. The US Department of Homeland Security (DHS) has invested in a new blockchain system. The Department of Science and Technology (S&T) awarded 182,700 US dollars to the Canadian company Mavennet Systems.
The company’s blockchain solution from Toronto will be used to monitor oil and gas imports from Canada to the USA. It will be used by the Customs and Border Protection (CBP). It reports to the Department of Homeland Security.
US security authorities rely on new technologies
According to an accompanying press release, DHS awarded the funds within the framework of the Sillicion Valley Innovation Program, which is intended to promote cooperation with the private sector. The aim is to improve internal security through technical innovations such as blockchain technology. As a result, Mavennet Systems secured the award in the category “Prevention of counterfeiting and falsification of certificates and licenses”. Anil John, Technical Director of the Sillicion Valley Innovation Program, explained the new cooperation as follows:
“The accurate tracking of oil flow through pipelines and refinement between the U.S. and Canada, as well as the correlation of oil imports with exact composition and country of origin, are of great interest to the U.S. Customs and Border Protection (CBP). Mavennet’s platform could provide this digital auditability while ensuring broad interoperability by supporting new World Wide Web Consortium standards such as distributed identifiers and verifiable credentials.”
Blockchain solution could also be used beyond oil imports
The solution developed by Mavennet involves the construction of a blockchain platform which, in addition to various automation measures, will also include the possibility of physical measurements. The platform should be able to be connected to existing customs systems. In a further step, it could also be used for other goods.
Mavennet had previously developed a system for real-time monitoring of gas markets in Canada. The company’s technological solutions are based on the AION Blockchain. The two founders of the company are former employees of the consulting giant Deloitte. Previously, they were also involved in the development of AION.