Digital asset data analytics company Inca Digital will study the implications of digital assets for national security under a year-long contract with the Defense Advanced Research Projects Agency (DARPA), the company announced on Friday.
DARPA is the R&D branch of the United States Department of Defense. Inca Digital will work on a project called "Mapping the Impact of Digital Financial Assets," which will aim to create a “cryptocurrency ecosystem mapping tool” to provide information to the U.S.
government and commercial businesses. Besides looking at possible money laundering and sanctions evasions, the project will contribute to the understanding of the interaction between traditional and digital financial systems, money flows into and out of blockchain systems and other uses of cryptocurrency in areas of concern to the U.S.
government. Inca Digital CEO Adam Zarazinsky said in the announcement:DARPA program manager Mark Flood told The Washington Post, “DARPA is not engaged in surveillance.Read more on cointelegraph.com