- The Science and Technology Directorate (S&T) division of the US Department of Homeland Security has allocated up to $25,000 in prizes as an incentive for designing a digital wallet user interface.
- Prospective applicants will be required to create a user interface compatible with DHS projects in the blockchain niche.
- Notably, the DHS has been quite active in this area and previously supported innovations focusing on the decentralization of identity records.
According to the technical director of S&T’s Silicon Valley Innovation Program (SVIP), Anil John, participants who get to the final stage are expected to demonstrate ‘ease of use and visual consistency, while supporting interoperability, security, and privacy.’ Digital wallets that stand out might ultimately increase the value proposition of the DHS blockchain projects once integrated.
John highlighted that one DHS client is already leveraging blockchain to build a decentralized credential network for the issuance of digital green cards. Despite its active involvement in funding blockchain projects, this is the first time the DHS is taking a design challenge to the public, according to S&T’s program manager, Kathleen Kenyon.
She was keen to highlight that they are trying to get that ‘freelance designer’ given that their foothold in this space is less significant than corporate contacts; this was the main reason for a low budget digital wallet crowdsource. As for the prizes, three finalists will be allocated $5,000 each while the winner gets an extra $10,000. Applications are still open, with the first stage finalists announced on October 27 via an online SVIP event. Overall winners will be announced later in the year.
This incentive by the DHS is not the first of its kind; just recently, the IRS issued a bounty of up to $625,000 to developers who will crack Monero’s anonymity and the lightning network. In similar efforts to boost compliance and oversight, the U.S Financial Crimes Enforcement Network (FinCEN) has floated an Advanced Notice of Proposed Rulemaking (ANPR) targeting the amendment of AML policies.