Space Parts Supply Chain Services

Using cryptography — including digital signatures via public key infrastructure encryption — provides state-of-the-art security. And using smart contracts to automatically enforce business rules enables a greater level of automation and efficiency. Data security is top of mind for contractors, particularly those subject to DFARS 252.204-7012, the Defense Department’s safeguarding rule that requires a written system security plan and extensive security controls to ensure government data is properly protected. While the concept of blockchain as a technology with more actors to verify the authenticity of transactions may not seem to promote greater protection, use of private or consortium blockchains can promote security where the approved members control access to sensitive content and use encrypted keys to verify the authenticity of users. Further, broader use of internet-of-things devices by the government is likely to lead to the pursuit of more blockchain solutions to secure and monitor these devices.