US Energy Department Funds Trial of Factom Blockchain to ...

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Factom, one of the earliest firms to pitch blockchains to businesses, is participating in a U.S.-funded trial of the tech to protect the power grid. Factom, one of the earliest companies to pitch blockchains to enterprises, is participating in a U.S. government-funded trial of the technology to protect the national … US Energy Department Funds Trial of Factom Blockchain to Secure Power Grid – CoinDesk Read More » Factom, one of the earliest companies to pitch blockchains to enterprises, is participating in a U.S. government-funded trial of the technology to protect the national power grid. Announced Thursday, TFA Labs, an internet-of-things (IoT) security startup, is experimenting with Factom’s protocol to validate that devices on the grid aren’t infected with malware. “We can store raw data or data hashes of the data,” Dennis Bunfield, CEO of TFA Labs, told CoinDesk. “It’s ideal for IoT device use.” The first phase will last until March when TFA aims to have a prototype for the use case. If the experiment gets to phase two, TFA Labs will collaborate with device manufacturers and could get close to $1 million in funding from the DOE. Factotum ... Factom, one of the earliest companies to pitch blockchains to enterprises, is participating in a U.S. government-funded trial of the technology to protect the national power grid. Announced Thursday, TFA Labs, an internet-of-things (IoT) security startup, is experimenting with Factom’s protocol to validate that devices on the grid aren’t infected with malware. Backed by a...

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Cryptocurrency News - Goldman Sachs Says No Bitcoin Trading Desk, Coinbase Made $1 Billion

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