Treasury Seeks Info on Online Blockchain Transaction Tracking Tools

The Department of the Treasury’s office of foreign assets control has asked information on potential sources of commercial online tools that could be used to track transactions involving Bitcoins and other virtual currencies, Nextgov reported Friday.

Tracing blockchain-based transactions will help OFAC’s office of global targeting collect attribution data on involved entities that are under consideration for inclusion in the Specially Designated Nationals List, which includes organizations and individuals that pose a national security risk.

OFAC will use the tools to support the implementation of cyber sanctions and is seeking more than one platform to help verify attribution of threat actors to satisfy “legal requirements for use as evidence in OFAC designations determinations.”

“OFAC needs one to two tools that provide access to five users each, either as individual licenses or one concurrent license,” according to the sources sought notice posted Tuesday.

The office is seeking tools that address clustering, analyze user behavior and facilitate transaction flow mapping and graphing and include a wallet explorer and exchange rate, market and trade data.

Capability statements are due May 25.

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