US Government Is Interested in Tracking Privacy Coins, New Document Shows
The Department of Homeland Security (DHS) wants to know if it is possible to use tracking coins with privacy coins.
A new pre-release document, released by the DHS Small Business Innovation Research Program, discusses the use of cryptocurrencies, such as bitcoins for transactions. This document mentions that encryption has both commercial and governmental uses, but it focuses specifically on finding ways to perform forensic analysis of personal information-centric coins when the subject is used in criminal activity.
In this document, DHS is emphasizing privacy and anonymity as key features of platforms such as zcash and monero, making it difficult to determine where to start and how much to transfer.
"These functions are desirable, but they are interested in tracking and understanding transactions and behaviors in an illegal block chain.
In the document:
"This proposal requires a law enforcement investigation to be able to perform a forensic analysis of block-chain transactions. This analysis can be accessed in a number of ways, depending on whether additional data from off-chain sources is available You can consider data case use cases. "
This document refers to zcash and monero as two examples of privacy-oriented cryptocurrencies, but you can develop new platforms with similar functionality. Therefore, the proposed solution is more generally applicable or "must provide a way of working to handle the new block chain implementation."
This file outlines the three steps that the proposal follows.
This document is not a request and is not a request for proposal, which means that the agency has not yet found a specific solution. Rather, stakeholders can contact the topic writer for comment or technical questions by December 18. Actual listening will be announced around December 19.
DHS did not respond immediately to the request for comment.
Please read the complete document below:
FY 19 SBIR Senior Request … Scribd
Homeland Security image through G0d4ather / Shutterstock
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