More

    US Navy Awards $9.5M To SIMBA Chain To Secure Messages On Blockchain Tech For The DoD

    • SIMBA Chain awarded a $10 million contract to develop a secure decentralized messaging solution for the U.S. Navy.
    • This is the first and largest SBIR phase III fully dedicated to Blockchain Solutions.

    SIMBA Chain was awarded a 5 year Small Business Innovation Research (SBIR) Phase III contract, at close to $10 million, by the Naval Air Warfare Center. The SBIR phase III contract is non-competitive and carries a non-compete clause, as announced by the U.S. Navy Blockchain solutions firm.

    Secure Decentralized messaging solution

    They have been tasked to develop a secure decentralized messaging solution for the Naval Forces. The platform is to be used to service the Navy’s crucial communication capabilities over its land and sea assets. The project is set to improve communications among its stakeholders while providing a secure environment under which they would share confidential materials.

    To be developed on the Microsoft Azure cloud platform as Simba chain CEO, Joel Neidig, stated;

    “We plan to deliver a ‘bulletproof’ platform that meets all objectives.”

    He also expressed his excitement at the opportunity to work with the DOD who he congratulated for prioritizing the platform that would be essential for their operations. He also promised that the platform would be deployed this year with a series of updates over the course of the next 4 years.

    “This is a win not just for SIMBA and our partners, but also for the DoD, which has pursued with single-minded focus, a solution to conduct sensitive, mission-critical operations in a manner that is immutable and non-refutable. We plan to deliver a ‘bulletproof’ platform that meets all objectives.”

    Previous DOD partnerships

    This is notably not the first time that Simba Chain has worked with the DoD. In August last year, they were contracted by United States Air Force (USAF) to secure their supply chain. They set out to develop a tamper-proof Blockchain prototype for tracking additive manufacturing components over the course of their lifecycle. Last September they also worked with the US Navy on tracking Aircraft parts using blockchain technology. They’ve also worked on the current platform DOD is using during the building and testing phase in an earlier SBIR contract.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Lujan Odera
    Lujan Odera
    Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,366FansLike
    2,782FollowersFollow
    4,137FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Galaxy Digital's Mike Novogratz: This Is The Year For BTC Or I Might ‘Hang Up My Spurs'

    Bitcoin proponent, Mike Novogratz is still “most excited” about the world's leading cryptocurrency but “if it doesn't go all out by the end of...

    National Internet Finance Association of China Warns Against Manipulative Crypto Exchanges

    The National Internet Finance Association of China(NIFA) has issued a warning for investors who have been associated with the crypto-verse about the growing risks...

    Cash is King in Coronavirus Ravaged Economy But Bitcoin is “Next in Line to the Throne”: Hedge Fund Manager

    Mark Yusko, the CEO at Morgan Creek Capital Management says coronavirus is unleashing a once in a lifetime downturn. Yusko appeared on CNBC’s “Trading Nation”...

    Bitcoin’s is Gold 2.0; Billionaire Chamath Palihapitiya Lays Out BTC’s Path Forward in Macro Backdrop

    In the latest episode of The Pomp Podcast, host Anthony "Pomp" Pompliano had Chamath Palihapitiya, the CEO of Social Capital as a guest who...

    Binance ‘Leak' Signals Possible Bitcoin Options Trading Launch On The Exchange

    The competition across cryptocurrency exchanges in the crypto derivatives markets is heating up to a boiling point as yet another big player hints at...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.