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SIMBA Chain Lands $1.5 Million Blockchain Development Contract from U.S. Navy

SIMBA Chain Lands $1.5 Million Blockchain Development Contract from U.S. Navy

The U.S. Navy has awarded the SIMBA Chain blockchain firm with a Small Business Innovation Research (SBIR) contract to develop a supply chain management tool for its logistics arm.

The $1.5 million contract will go towards designing and building a demand-sensing service that utilizes blockchain technology. 

The Defense Logistics Agency (DLA), the body that manages the U.S. military’s supply chain, says the service is critical to ensuring that its personnel is fully-equipped when carrying out their duties. 

The contract named ALAMEDA (Authenticity Ledger for Auditable Military Enclaved Data Access) came into effect on Jan. 6, 2021.

SIMBA Chain is a blockchain-based app-developer. Its cloud-based enterprise platform enables governments, industry, and academia to develop Web 3.0 distributed apps (dApps) across several blockchain platforms.

It also provides enterprise solutions that allow business and blockchain to “seamlessly” integrate. The company has partnered with 3,505 organizations and has developed over 1,700 dApps as a result.

Battleground Blockchains

SIMBA Chain already has a history with the U.S. military. In June of last year, the company designed a blockchain-based prototype to monitor inventory at a U.S. Marine Corp depot in Georgia.

The joint effort resulted in a proof of concept for an immutable ledger to monitor military inventory.

Moreover, over the past few years, the blockchain app-developer successfully completed several developments with DARPA, the U.S. Department of Energy and U.S. Department of Defense.

This contract sees SIMBA Chain working with the Naval Enterprise Sustainment Technology Team (NESTT) at the Fleet Readiness Center Southeast (FRCSE) in Florida. The project focuses on the Boeing F/A-18 Hornet’s supply chain .

Speaking about the contract, SIMBA Chain CEO, Joel Neidig, says his company is;

“Honored to work with NESTT and the FRCSE on one of the most pressing issues facing the nation today, managing and securing military supply chains and ensuring readiness to thwart cyber and physical threats.”

The CEO will serve alongside members of the NESTT technical team as a principal investigator on the project.

Governments Take Interest

Many experts tout blockchain for military use. In an article , National Defence Magazine explores the technology’s potential for aerospace defense, citing how it can be used to track parts for satellite equipment.

Moreover, the U.S.’s General Service Administration says “agencies are eager to better evaluate and adopt distributed ledger technologies (like blockchain) that use encryption and coding to improve transparency, efficiency, and trust in information sharing.”

At the moment, there is a focus in the crypto-world on government interest in Central Bank Digital Currencies as well as legislative action such as the STABLE Act .

However, it seems governments are also actively researching the space’s potential impact elsewhere.

In the next few years, blockchain technology might cross into a new frontier of applications. 
The post SIMBA Chain Lands $1.5 Million Blockchain Development Contract from U.S. Navy appeared first on BeInCrypto . shares this Contents always with License.

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