US Authorities are Looking for Ways to De-Anonymize Zcash and Monero Crypto Transactions

The US Department of Homeland Security (DHS) has published a document describing the key areas of work for the Small Business Innovation Research (SBIR) Program related to national security. Topics covered include the need to create solutions for tracking anonymous cryptocurrency transactions like Zcash and Monero.

The document notes that the technology of distributed ledger and in particular, blockchain, find their implementation in a wide range of commercial and government applications. The US authorities have already achieved some success in analyzing the Bitcoin blockchain, as Lilita Infante, the representative of the US Drug Enforcement Administration, said earlier.

However, anonymous cryptocurrencies like Zcash and Monero are still too tough for crime fighters. Therefore, the Department turns to startups in the search for universal solutions that allow, in fact, to de-anonymize transactions in such currencies. The proposed solutions should pass three tests: analysis of suspicious transactions without external data; analysis with external data; analysis of another blockchain platform.

From November 30 to December 18, interested parties may ask questions of a technical nature that interest them, and specific proposals will later be accepted and considered.

Will the all-seeing eye of the state succeed in revealing the details of anonymous transactions? Maybe. Will new, even more powerful cryptography techniques be invented? For sure.

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