PARANOID, short for Powerful Authentication Regime Applicable to Naval Operational Flight Program Integrated Development, will likely become accessible to the private sector. The US Navy has sought a partnership from firms for CRADA, a cooperative research & development agreement. The objective is to advance the proprietary technology of the US Navy.
PARANOID blockchain essentially helps safeguard software during development and protects it from potential cyberattacks. The blockchain-based system verifies files across the nodes by examining developers’ actions. Attempts to hijack or wrongfully modify the software get blocked as they do not go through the verification on the PARANOID system.
Developed by NAWCAD, The Naval Air Warfare Center’s Aircraft Division, PARANOID is now being seen as a tool that can help any software developer concerned about the safety aspect of development and deployment.
However, the partnership comes with a string. The private sector must commit to suggesting feedback for improvements. This would constitute a part of research & development for the system. Nida Sheikh, a Senior Technology Manager at TechLink, has said that an ideal partner would be a company interested in developing a solution for securing software supply chains. Nida added that it would include companies willing to install and test the blockchain system for scalability and feedback.
The move comes at a time when Joe Biden is facing criticism for missing a chance to correct position on crypto. He is believed to have doubled down on the administration’s failed policies. US Senator Cynthia Lummins said the administration had the opportunity to correct its position; however, it got dumped when Biden overruled the US SEC Staff Accounting Bulletin (SAB) 121.
PARANOID seeking interest from the private sector is a step ahead, especially for the blockchain segment. It states that blockchain has wider utility, the one that goes beyond cryptocurrencies.
The deployment of blockchain to secure software development and deployment will help developers. Simultaneously, it will assist the US Navy in gathering reliable feedback and working on improvements. There is no update from the private sector or the US Navy about who is willing to step forward. This could come to light by the end of this month, that is, June 2024.
That said, the crypto market in the US is attempting to gain momentum. That looks difficult as it has been time for BTC and ETH to consolidate within a limited range. Their future predictions are optimistic, but the current sentiments could shift to neutral if the trend continues. Ether, for one, is waiting for a call from the SEC on Spot Ether ETF. Applicants await a green light on the registration form, which will effectively allow exchange platforms to launch ETFs.
A word of development on the collaboration between the US Navy and the private sector is awaited.
