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For security agencies, blockchain is now a potential solution

Bitcoin has since become the preferred currency not only of libertarians and speculators, but also of criminal hackers

Blockchain
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Image: ISTOCK

Jeremy Wagstaff & Byron Kaye | Reuters
Police and security agencies have so far only taken an interest in blockchain — the distributed ledger technology behind cryptocurrencies like bitcoin - for tracking criminals hiding illegal money from banks.

But that’s changing as some civilian, police and military agencies see blockchain as a potential solution to problems they have wrestled with for years: How to secure data, but also be able to share it in a way that lets the owner keep control.

Australia, for example, has recently hired HoustonKemp, a Singapore-based consultancy, to build a blockchain-based system to record intelligence created by investigators and others, and improve the way