~$200,000 to be granted to TFA Labs by the U.S. Department of Energy
|- TFA Labs is a cutting-edge technology company primarily focused on IoT-security solutions.
- The Factom Protocol is an open-source, enterprise-grade, developer-friendly and ready-to-use platform which helps in the efficient creation of blockchain solutions.
TFA Labs will use the Factom protocol to explore a solution to secure the Energy Grid as part of a US government-funded project. Earlier, a $199,660 Small Business Innovation Research (SBIR) grant was made to TFA Labs by the United States Department of Energy. TFA Labs CEO Dennis Bunfield said:
“Attacks on electric grids in Ukraine and elsewhere have highlighted vulnerabilities that blockchains are positioned to solve now. Using the TFA Labs Signed at Source™ solution we can implement secure device access and ensure data integrity is maintained from the source of each device and at any point in transit. This opportunity gives us the authority to investigate the benefits blockchain can bring to securing the US energy grid as part of phase one of this government-funded project.”
The Factom Protocol is an open-source, enterprise-grade, developer-friendly and ready-to-use platform which helps in the efficient creation of blockchain solutions. It is utilized by the U.S. Department of Homeland Security, the Bill and Melinda Gates Foundation, and other leading enterprises. TFA Labs is a cutting-edge technology company primarily focused on IoT-security solutions.
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