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DARPA Partners With Crypto Firm Inca Digital for Digital Assessment

Cryptocurrency Sep 23, 2022 01:00PM ET
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DARPA Partners With Crypto Firm Inca Digital for Digital Assessment

  • DARPA partners with Inca Digital to develop tools to assess threats to national security.
  • The program manager of DARPA pledges to defend the state at any cost.
  • The CEO of Inca Digital said that their firm’s work for DARPA will be “fairly wide-ranging.

The Defense Advanced Research Projects Agency (DARPA) partnered with Inca Digital, a crypto intelligence firm, to assess whether or not the rising use of digital assets stood as a threat to national security and law enforcement.

According to a Washington Post article, Inca will develop tools that will give the Pentagon a granular view of crypto markets’ inner workings, in part to help authorities scrutinize illicit uses of digital assets.

Speaking about this project in an interview with the Washington Post, Mark Flood, DARPA’s program manager, said:

The program underway here involves mapping out the cryptocurrency universe in some detail.

While touching on the nitty-gritty of this project, Flood unveiled that by fighting illicit finance, the office aims to use the data for insights into dynamics shaping traditional financial markets, a place where detailed information is hard-coming.

Citing the Tornado Cash money laundering, where Korean government-affiliated hackers used the money to buy weaponry, and the Russian attack on the Ukrainian financial industry, Flood stated that the financial sector will be a component of modern warfare going forward.

Subsequently, he pledged that he would do anything to preserve, reinforce and protect the financial sectors of the U.S. and its allies.

Inca Digital CEO Adam Zarazinski said that his firm’s work for DARPA will be “fairly wide-ranging. Disclosing more details about the partnership, Zarazinski said:

Among other goals, the project aims to help the government understand how money flows in and out of blockchain systems, or public ledgers maintained on a distributed network of computers

The post DARPA Partners With Crypto Firm Inca Digital for Digital Assessment appeared first on Coin Edition.

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DARPA Partners With Crypto Firm Inca Digital for Digital Assessment
 

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