The RCMP’s Solution for Streamlining the Seizure and Storage of Cryptocurrencies and NFTs
The Royal Canadian Mounted Police (RCMP) is seeking a solution to streamline the process of seizing and storing cryptocurrencies and NFTs. The goal is to create a centralized repository that allows law enforcement to seize digital assets more efficiently while keeping them safe from theft.
Key Points:
- The desired system must be able to process transactions for the top 20 cryptocurrency blockchains by market capitalization.
- The system should be scalable to accommodate new blockchains as they emerge.
- An inclusive data-sharing approach will be implemented to provide authorized users access to the necessary information.
- The solution should be compatible with major NFT platforms, including Ethereum, Solana, and Polygon-based NFTs.
- Security measures, such as safeguarding private keys and daily automated checks, will be implemented.
- A dedicated native mobile application for Android devices will be developed for user convenience.
Developers have until September 21, 2023, to propose a solution to the RCMP and SSC for a contract to work on the repository.
Hot Take:
The RCMP’s initiative to streamline the seizure and storage of cryptocurrencies and NFTs reflects the increasing importance and adoption of digital assets. By creating a centralized repository and incorporating essential security measures, the RCMP aims to enhance law enforcement’s ability to handle these assets effectively. The compatibility with major NFT platforms demonstrates a comprehensive approach to asset inclusion. This development is a positive step towards regulating the crypto industry and bringing accountability to digital transactions.
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