SIMBA Chain, a cloud-based smart contract platform, is tasked with modernizing the US military’s supply chain after receiving a $ 1.5 million grant from the US Naval Research Administration.

The project will be responsible for developing a blockchain-based solution to determine the demand for critical parts of military weapons. Demand determination is a forecasting technique used in supply chain logistics that processes information in real time to forecast accurate demand in advance.

The work will reportedly focus on making a service portfolio centered around the Boeing F / A-18 Hornet, a fighter jet that was first introduced in the 1980s and still forms the backbone of the US Navy.

SIMBA Chain began operations on January 6 at the Naval Air Force Base in Jacksonville, Florida, where it will work with the Naval Projects Support Group (NESTT).

Steve Mackie, NESTT Project Manager, said the Navy ‘s Small Business Innovation Research (SBIR) Program had secured $ 30 million by 2020 to develop technological innovations that increase operational readiness:

In 2020, the Marine Department’s SBIR program committed more than $ 30 million to foster innovation to improve preparedness. This blockchain project with the SIMBA chain demonstrates the role of technology in revitalizing not only our military facilities, but also our systems. Pilot projects like these with the Jacksonville Fleet Readiness Center drive both innovation and ultimately positive results. ”
SIMBA Chain CEO Joel Nage said the blockchain is up to the task of shaping the backbone of an effective military equipment supply chain with irreversible transactions, accurate auditing capabilities and tamper-resistant.

“Blockchain is well suited to solve complex supply chain problems because it provides a decentralized mechanism for recording irreversible transactions, making data immutable and controllable, and ultimately protecting against unauthorized access after it is written,” Neidig said.

The SIMBA series was developed by technology and manufacturing companies in Indiana and the University of Notre Dame in 2017 as a result of a research grant from the US Department of Defense Advanced Research Projects Agency (DARPA). Since then, the project has been awarded several contracts with DARPA, the US Department of Energy and the US Department of Defense.

In October 2020, the SIMBA series won first prize in a war game scenario organized by the US Department of Defense. SIMBA received $ 100,000 to build a secure, blockchain-based communications network, beating Boeing’s competitors in the process.

Source: CoinTelegraph