Wednesday, July 28, 2021
Home Crypto News Market SIMBA Chain Got A $1.5 Million Contract From The U.S. Office Of...

SIMBA Chain Got A $1.5 Million Contract From The U.S. Office Of Naval Research To Develop Blockchain-Based Solution For Critical Military Weaponry Parts

- Advertisement -

SIMBA Chain, a blockchain-based company, has been received a contract of $1.5 million to create a system for predicting demand for critical parts of military equipment from the US Navy.

Read: Another Cryptocurrency Exchange Backed XRP: “We Will Continue Listing XRP”

The Office of Naval Research of the United States has signed a contract for $1.5 million to create a system on the blockchain, which will help ensure uninterrupted supply of military equipment’s.

Read: Reasons Behind Polkadot (DOT) Price Making New Highs

SIMBA Chain said it was awarded a contract to implement the second phase of the Small Business Innovation Research Program (SBIR) to create a demand-sensing system that would anticipate the need for “critical” parts of military equipment.

The blockchain solution will be created for the US Department of Defense Logistics Agency that aims to reduce disruption problems and threats to design and maintenance operations.

Read: Declining Ethereum Reserves On Exchanges-You Know What Happen Next?

The contract for the development of the ALAMEDA project began on January 6. The project will be implemented at the Fleet Training Center at the Naval Air Station in Jacksonville. SIMBA will also continue to work on the first phase of the project to develop a blockchain for tracking supply chains.

“Blockchain is well suited to solving complex problems of the supply chain, as it provides a decentralized mechanism for recording irreversible transactions, making data immutable, verifiable and protected from unauthorized access after recording,” said Joel Neidig, CEO of SIMBA Chain.

Recall that SINBA Chain began work on the ALAMEDA project in May last year after signing a contract with the US Department of Defense.

Read Story on Global News Wire:

- Advertisement -
I am the editor-in-chief of The Crypto Basic. Love to get involved in cryptocurrencies. I am in crypto since 2014. I like the way blockchain is progression, being adopted by large firms and in most parts of our lives. We are early adopters and followers of blockchain, and time will surely come when our success factor will be blockchain.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Graph to use Polygon for its billing system

Singapore, Singapore, 28th July, 2021, Polygon proof-of-stake (PoS) is an Ethereum scaling solution whose ecosystem attracts the brightest developers from all over the world....

Coca-Cola To Launch First-Ever NFT Collectibles

Coca-Cola and Tafi became partners as Tafi is designing virtual wearables for Coca-Cola's first-ever non-fungible token (NFT) collectibles to celebrate International Friendship Day on...

Binance CEO Aims To Make Binance Regulated Worldwide, Also Daily Withdrawal Limit For Binance Unverified Accounts Reduced And Binance Leverage Trading Limit Reduced

Changpeng Zhao, Binance CEO and Founder, stated that Binance will work with local regulators in order to establish Binance regional headquarters.

Utah Resident, A Dogecoin Fan Selling His Home For Crypto Offers a Generous 10% Discount only If He Is Paid In Doge

According to local TV station KUTV (Video Below), an American citizen from Utah joined the ranks of those selling their property for cryptocurrencies. Utah Resident,...

Panther Protocol Partners with Vegaswap

Midtown, Gibraltar, 27th July, 2021, Panther Protocol, the privacy protocol, has partnered with Vegaswap, the automated market maker (AMM) protocol with multichain support. Vegaswap is...

European Digital Identity: Talao Announces Professional Credential Solution

Paris, France, 27th July, 2021, Talao, a blockchain-based Digital Identity specialist for the Human Resource industry, today announced a professional credential application to transform...

Vechain CEO, Sunny Lu Interview By Fenbushi Capital, Sunny Lu Talks About Partners, Investors And The Three Historic Choices

VeChain CEO, Sunny Lu, was interviewed by Fenbushi Capital for their Distributed Entrepreneurship Column. Sunny talks partners (DNV, PwC), investors (Fenbushi, Fenchain), and the three...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly