A crypto data analytics firm is investigating the potential impact of digital assets on national security under a new contract with an agency of the US Department of Defense.
Inca Digital says it will work on a project called “Digital Financial Asset Impact Mapping” for the Defense Advanced Research Projects Agency (DARPA).
According to Adam Zarazinski, CEO of Inca Digital,
“Digital asset markets hold tremendous promise, but they also face money laundering, market manipulation, and state actors that can pose national security risks to the United States. Given the growing prevalence digital assets, the Department of Defense and other federal agencies need better tools to understand how digital assets work and how to leverage their jurisdictional authority in digital asset markets globally.
The company intends to develop a “first-of-its-kind” cryptocurrency mapping tool to “analyze cross-market crypto-financial data and risk.”
Data analysis will help government and commercial businesses understand the impacts cryptocurrency may have on traditional financial systems, as well as provide insight into the use of blockchain-based technology linked to money laundering. of money, the financing of terrorism or the evasion of sanctions. The project will also analyze how money enters and leaves different blockchains, according to the company.
DARPA has previously studied blockchain technology, including how it could improve the security of transmitted messages.
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