BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

US Air Force Invests $30 Million into SIMBA Blockchain for Supply Chain Management Support

by BlockNews Team
February 2, 2023
in Breaking News, Business, Crypto, Media
A A
US Air Force Invests $30 Million into SIMBA Blockchain for Supply Chain Management Support
13
SHARES
Share on TwitterShare on Reddit
  • The US Air Force has recently invested in SIMBA Chain to help with their Additive Manufacturing efforts both on the battlefield and at home.
  • SIMBA Chain will play a crucial role in securing the complex supply chain used by the Air Force.
  • SIMBA Chain was established in 2017 through a grant from the Defense Advanced Research Projects Agency (DARPA) to develop a secure messaging and transaction platform for the military.

The US Air Force has recently invested in the blockchain technology company SIMBA Chain. The Air Force will be working with SIMBA Chain to help secure their supply chain and support their additive manufacturing efforts both on the battlefield and at home.

The Blockchain Approach for Supply Chain Additive Manufacturing Parts (BASECAMP) project will demonstrate the partnership. The BASECAMP project will use the SIMBA Chain platform to create a prototype that showcases a blockchain approach for registering and tracking additive manufacturing (AM) components during their entire lifecycle.

How SIMBA will help the US Air Force

The Air Force’s supply chain is complex and requires a secure system to manage the movement of materials and equipment to its forward-deployed forces. Blockchain technology has become crucial with the increasing demand for the integration of advanced technologies into military operations.

Using SIMBA Chain, the Air Force can decentralize its additive manufacturing efforts while maintaining data integrity. The decentralized nature of blockchain is an ideal application for the management of supply chains. This allows for real-time secure, and transparent tracking of materials, equipment, and other assets.

The SIMBA Chain platform, which uses Microsoft Azure for trust and reliability, will allow the Air Force to transmit top-secret 3D printing plans to forward forces without unwanted surveillance. The decentralized nature of the platform ensures that vehicle repairs cannot be tampered with by a third party.

Previous Collaborations between SIMBA and US Air Force

This is not the first time that the US Air Force has invested in SIMBA Chain. In 2017, SIMBA Chain was established because of a grant awarded by the Defense Advanced Research Projects Agency (DARPA) to the University of Notre Dame Center for Research Computing and ITAMCO. The assignment’s goal was to develop a secure, unhackable messaging and transaction platform for the US military.

The cloud-based, Smart Contract-as-a-service (SCaaS) platform offered by SIMBA Chain enables governments and enterprises to develop and deploy blockchain dapps quickly. The platform currently supports Ethereum, Quorum, Stellar, and RSK. The development team is on the verge of adding more blockchain protocols, such as Quant Overledger, Hyperledger, Ripple, and R3 Cord, to their cutting-edge platform.

It is worth noting that SIMBA Chain has received recognition for its innovative technology and contributions to the industry. In 2019, SIMBA Chain won the Venture Club Indy InnoShowcase19, sponsored by Elevate Ventures. Additionally, the company received TechPoint’s 2019 Mira Award for New Product of the Year and 1st Source Bank’s Commercialization Award.

The investment made by the US Air Force in SIMBA Chain highlights the importance of blockchain technology in managing supply chains and integrating advanced technologies into military operations. Using the SIMBA Chain, the Air Force can decentralize its additive manufacturing efforts while ensuring data integrity and securing its supply chain. The history of collaboration between the Air Force and SIMBA Chain highlights the effectiveness of the technology and its ability to meet the needs of the military.

Tags: Blockchaincrypto adoptionMilitarySIMBAUS
Tweet3ShareShare5

DON'T MISS THESE! HOT OFF THE PRESS

Michael Saylor’s Strategy Acquires $1.34B in Bitcoin, Total Holdings Near $59B
Bitcoin

Michael Saylor’s Strategy Acquires $1.34B in Bitcoin, Total Holdings Near $59B

May 12, 2025
Pump.fun Launches 50% Revenue Sharing for Meme Coin Creators: Here is How You Make Money
Crypto

Pump.fun Launches 50% Revenue Sharing for Meme Coin Creators: Here is How You Make Money

May 12, 2025
DeGods Undergo Major Leadership Change: Frank DeGods Stepping Down as CEO
Crypto

DeGods Undergo Major Leadership Change: Frank DeGods Stepping Down as CEO

May 12, 2025
Crypto Market Holds Steady Amid US-China Trade Talks — What’s Next?
Crypto

Crypto Market Holds Steady Amid US-China Trade Talks — What’s Next?

May 12, 2025
Chainlink (LINK) Eyes $20 as Bullish Momentum Builds
Chainlink

Chainlink (LINK) Eyes $20 as Bullish Momentum Builds

May 12, 2025
SUI Price Pushes Higher, Eyes $4.17 Target
Crypto

SUI Price Pushes Higher, Eyes $4.17 Target

May 12, 2025
Load More

Related News

Michael Saylor’s Strategy Acquires $1.34B in Bitcoin, Total Holdings Near $59B

Michael Saylor’s Strategy Acquires $1.34B in Bitcoin, Total Holdings Near $59B

May 12, 2025
Everything You Need to Know About the New US-China Tariff Trade Pause

Everything You Need to Know About the New US-China Tariff Trade Pause

May 12, 2025
Pump.fun Launches 50% Revenue Sharing for Meme Coin Creators: Here is How You Make Money

Pump.fun Launches 50% Revenue Sharing for Meme Coin Creators: Here is How You Make Money

May 12, 2025
DeGods Undergo Major Leadership Change: Frank DeGods Stepping Down as CEO

DeGods Undergo Major Leadership Change: Frank DeGods Stepping Down as CEO

May 12, 2025
Trump Announces 90-Day Trade Truce with China, Slashes Tariffs, But What Now?

Trump Announces 90-Day Trade Truce with China, Slashes Tariffs, But What Now?

May 12, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.