Transmute Industries has secured $198,642 in funds from the Department of Homeland Security’s science and technology directorateÂ to create a blockchain application to automate the process of trackingÂ raw material imports.
The Austin, Texas-based company will develop aÂ proof-of-concept app for the Customs and Border Protection to monitorÂ goods entering the country as part of theÂ Verifiable Provenance, TraceabilityÂ and Regulatory Compliance for Raw Material Imports project, DHS said Friday.
Under the phase 1 award,Â Transmute will also adapt its identity management technology to help increase CBP’s visibility into the importation process. DHS S&TÂ is examining the potential of blockchain technologyÂ to facilitate digital credentials issuance as part of fraud and counterfeitÂ prevention efforts.
The directorate issued the award after anÂ other transaction solicitation under itsÂ Silicon Valley Innovation Program.