DARPA Works On A Project With Inca Digital
Inca Digital, a digital asset data analytics business, stated on Friday that it will examine the implications of digital assets for national security as part of a year-long contract with the Defense Advanced Research Projects Agency (DARPA). DARPA is the United States Department of Defense’s research and development arm.
Inca Digital will engage in a project named “Mapping the Impact of Digital Financial Assets,” with the goal of developing a cryptocurrency ecosystem mapping tool to deliver information to the US government and commercial organizations.
In addition to investigating potential money laundering and sanctions evasion, the project will help to understand interactions between traditional and digital financial systems, money flows into and out of blockchain systems, and other uses of cryptocurrency in areas of concern to the US government.
In the release, Inca Digital CEO Adam Zarazinsky stated:
“Given the increasing prevalence of digital assets, the Department of Defense and other federal agencies need to have better tools to understand how digital assets operate and how to leverage their jurisdictional authority over digital asset markets globally.”
DARPA program manager Mark Flood told The Washington Post:
“DARPA is not engaged in surveillance. I’ll emphasize that we are careful in this research that we do not get involved in personally identifiable information.”
For some years, DARPA has been researching blockchain technology, both for its security implications and as a possible tool for its own goals. It collaborated with Trail of Bits in June to assess the degree to which blockchains are decentralized and identify potential risks.
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