US Army Is Interested In Blockchain Experts To Trace BTC In Real-Time

The United States Army Contracting Command (ACC) of New Jersey is in the latest cryptocurrency news for its interest and issuance of a pre-solicitation notice for cryptocurrency investigation service providers. As the document outline, the US Army is interested to hire blockchain experts who know how to trace Bitcoin in real time.

The pre-solicitation was published on July 25 and shows that the notice and the ACC’s responses do not bind ACC to solicit or award a contract. As the ACC said, the cryptocurrency analytics solution is being sought for use by the US Army Criminal Investigation Command (USACIDC) for use in criminal investigations as well as other missions.

In the notice, we can also see that the contractor must provide a cloud-based and online service – which is not reliant on any hardware or software – and one which can assist law enforcement in the proper identification and pursuing of actors using cryptocurrencies for illicit purposes such as fraud, extortion as well as money laundering.

As many best cryptocurrency news sites posted, the contractor should provide the source of the cryptocurrency transactions with the capacity to offer multi-crypto analysis from Bitcoin (BTC) to other major cryptocurrencies.

The other requirements also include providing “real-time Bitcoin and other cryptocurrency transaction tracing,” which includes service attribution and identification and being able to identify transaction patterns and interactions with other entities.

Besides the US Army being interested in blockchain experts, a Diar report shared in the altcoin news last year revealed that the US government agencies have tripled their investments in blockchain intelligence firms this year.

In fact, the majority of the 2018 blockchain intelligence government deals were reportedly contracted to New York-based blockchain analytics firm Chainalysis, which as of that date had signed deals with many government agencies – totalling $5.3 million.

In August this year, the news showed that the US Air Force had secured new contracts with the smart contract startup Simba Chain and the blockchain data management firm Constellation – focusing on using the technology for supply chain and data management.

Now that the US Army is interested in blockchain experts, we can see that this technology is powering a lot of the needs of the US government.