DARPA to Investigate Crypto National Security Threats in Partnership with Inca Digital

The Defense Advanced Research Projects Agency (DARPA) has engaged in digital asset verification with provider Inca Digital to assess the national security risks posed by cryptocurrency.

DARPA, the research and development agency of the US Department of Defense, plans to evaluate projects related to distributed ledger financial applications. The company awarded Inca Digital Small Business Innovation Research (SBIR) Phase II to conduct this research as part of a project called “Mapping the Impact of Digital Financial Assets.”

Inca will create a crypto ecosystem mapping tool to analyze financial realities and crypto risks. Its focus will be to help the US government and private sector understand how crypto can be linked to money laundering, terrorist financing, and evasion, and to explore how cryptocurrency can affect traditional and informal financial systems. again. “Given the proliferation of digital assets, the Department of Defense and other federal agencies need better tools to understand how digital assets work and how to apply their copyrights to digital asset markets worldwide. ,” said Adam Zarazinski, CEO of Inca. .

The DARPA contract also reflects government agencies’ concerns about the use of crypto to support crime, terrorism, rogue states, and other nefarious actors, and their desire to be proactive in preventing them.