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
фото показано с : beincrypto.com

2021-1-15 14:43

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.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Cryptsy Mining Contract (MN) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MN

contract million blockchain defense technology service utilizes

contract million → Результатов: 126


SIMBA Chain receives $1.5M contract from the U.S. Office of Naval Research

Today, it was announced that the  U. S. Office of Navy Research has awarded a $1. 5 million Small Business Innovation Research (SBIR) Phase II contract (N68335-21-C-0178) to SIMBA Chain to design and build a blockchain solution to enable demand sensing for the Defense Logistics Agency, the combat support and supply chain agency of the United States Department […] CryptoNinjas » SIMBA Chain receives $1.

2021-1-13 19:14


Ethereum Classic Price Analysis - On-chain activity drops despite recent protocol upgrade

Ethereum Classic (ETC) is a distributed ledger and decentralized computing platform with smart contract capabilities, created in 2016 by forking the original Ethereum (ETH) project. The crypto asset is currently 21st on the Brave New Coin market cap table, with a market cap of US$765 million and US$110 million in trade volume over the past 24 hours.

2020-6-23 15:01


Controversial Bitcoin Contract Leads To Heated Debate: Could It Kill The Cryptocurrency?

Because of Bitcoin‘s speculative nature, the asset potentially reaching prices of $1 million per BTC is just as feasible as the cryptocurrency falling to zero. And while Bitcoin has shown resiliency in the past against all odds, a new controversial contract has lead to a heated debate on if it could lead to the untimely...

2020-5-22 20:30


Bityard Has Now Officially Launched! Register now and earn 258 USDT for Free!

You’ve heard it first here, Bityard, the world’s leading digital contract trading platform, has officially launched. According to industry authoritative sources, Bityard has received a strategic investment from a US hedge fund worth 10 million dollars, creating a precedent in the industry for complex contracts and simple transactions.

2020-4-13 15:28


ASX Exchange Backed Digital Asset Co. Raises $35M To Expand DAML Smart Contract Use Cases

Formerly given as a failing company, marred by the CEO abruptly leaving his position and a follow-through of over 25% of its employees leaving their positions, Digital Asset (DA), a company offering an open-source smart contract language, is back on track after raising $35 million USD in a Series C funding round. The round sees […]

2019-12-11 19:20


Second State raises $3 million to grow its enterprise smart contract platform

Second State raises $3 million to grow its enterprise smart contract platform » CryptoNinjas Second State, a developer of an open-source blockchain smart contract platform for enterprises, announced it has raised $3 million in Series A funding from a number of top venture capitalists and angel investors, led by Susquehanna International Group (SIG).

2019-7-24 20:15


Фото:

Federal judge refuses to dismiss $224M lawsuit against AT&T for SIM-swap bungle

A US federal judge has rejected AT&T‘s request to dismiss a $224 million lawsuit over a devastating SIM-swapping incident that led to $24 million in stolen cryptocurrency. A press release confirms the communications giant will face court over allegations it violated the Federal Communications Act, a consumer contract, as well as several other laws, when hackers assumed the identity (and telephone account) of cryptocurrency investor Michael Terpin in 2017.

2019-7-23 13:05


Ethereum recorded over 1 million transactions owing to smart contract creation, reveals SOOHO report

Technologists including Ethereum’s Vitalik Buterin and Cardano’s Charles Hoskinson have shifted their focus into developing individual ecosystems and improving market adoption. This drive is complimented by these technologists uploading informative videos that trace their company and coins’ future roadmap.

2019-7-2 20:30


Clause Blockchain Contract Project Gets $5.5 Million in Funding Led by DocuSign, Galaxy Digital

There are many interesting blockchain projects that are getting much more attention as the technology becomes more widely used as well as more from them which aids adoption the long-term. One of such projects is Clause, which is a digital contract management startup that has raised $5.5 million in a series A round of funding […]

2019-6-28 22:04


Samaritan developer returns $500,000 worth of Ethereum to rightful owner

Drew Stone, a developer working on Edgeware, returned 2000 ETH ($500,000) to its rightful owner after the funds were mistakenly sent to the wrong smart contract on the Ethereum Mainnet. Almost half a million dollars lost their way on the Ethereum Mainnet The crypto industry has had a reputation problem since its inception, and the […] The post Samaritan developer returns $500,000 worth of Ethereum to rightful owner appeared first on CryptoSlate.

2019-6-6 09:10


Фото:

Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30