US Air Force Allocates $1.5M to SIMBA Chain for Blockchain Supply Chain Integration
The U.S Department of Defense has allocated $1.5 million towards SIMBA Chain, a blockchain-oriented firm, to advance research in supply chain logistics. This blockchain-as-a-service (BaaS) startup has developed close ties with the U.S Air Force, hence the opportunity to embark on research and development in blockchain logistics for security forces.
According to an announcement on June 15, SIMBA Chain has since begun the second phase of its Small Business Innovation Research (SBIR) in collaboration with the U.S Air Force. This project aims to provide a value proposition based on blockchain tech to scale the efficiency of military supply chains.
Blockchain Supply Chain for the USAF
Joel Neidig, the CEO of SIMBA Chain, said that they would set up a Hyperledger Fabric node at the Tinker Air Force Base in Oklahoma. Notably, this is the U.S Air Force supply chain logistics hub.
Neidig went on to highlight that the initial focus will be on risk management within the $62 billion USAF procurement pool. The aim will be the identification of what, who, and where risk factors to single out a potential break down areas in the supply chain.
SIMBA Chain has partnered with Boeing to roll out this initiative and leverage stats from ‘real data'. However, Neidig did not specify which Boeing parts will be tracked in this second phase of the SBIR project. Other than supply chain logistics, the SIMBA Chain CEO was keen to note that blockchain could also streamline information sharing in the military:
“Within the military, they're also thinking about how people are sharing data, where it is coming from, where else it's connected to. They think out all the things that can go wrong, and that's where blockchain can come in.”
SIMBA Chain History in Blockchain
The BaaS is no newcomer to the game, having raised seed funding from the Department of Defense back in 2017. At the time, they were tasked with creating a crypto chat app for Advanced Research Projects within the military. The firm would later secure more SBIR contracts with the Air Force and Navy.
Following these developments, SIMBA Chain has positioned itself as the advocate for blockchain in military ecosystems. Interestingly, the company's tech has, in turn, received support from the Air Force according to sentiments by the director of Special Programs, Strategy, and Policy in USAF, Jeffrey Slayton:
“Emerging technologies like SIMBA Chain's blockchain platform have the potential to achieve the reliable exchange of information over an unreliable network where not all participants can be trusted, and in so doing, continue to advance the technological supremacy of America's air, space and cyber forces.”