The U.S. Department of Homeland Security is to support the development of anti-counterfeiting solutions by granting up to $800,000. The agency is focusing on the prevention of fake documentation with the integration of the blockchain under the initiative called ‘Preventing Forgery and Counterfeiting of Certificates and Licenses.’ The blockchain companies would have to present proposals for the grant.
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A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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