US Navy Looks to Improve Tracking Systems with Blockchain Technology
Blockchain technology is being embraced in many different industries, and the US Navy is also involved with it. A U.S. Navy command is working with distributed ledger technology (DLT) in order to track aircraft parts. The information has been announced on Thursday in a press release.
The NAVAIR is known as the Naval Air Systems Command and will be researching whether blockchain technology is able to trace plane parts in an efficient and cost-effective ways. Current methods are not capable of handling that effectively, this has created several issues, including high costs. This drives-up the cost to operate military aircrafts.
At the moment, when the parts are delivered to the user, they are tracked with pen and paper on a Scheduled Removal Component Card and entered into a database. NAVAIR might start to use a permissioned blockchain.
NAVAIR’s Fleet Readiness Center Southwest (FRCSW) Advance Technologies Team has decided to sign a partnership with the developers of SIMBA Chain. The company is known as Indiana Technology and Manufacturing Companies (ITAMCO). With this agreement, the NAVY will have access to cutting-edge chain code and also to innovative protocols. This would help NAVAIR securely recall large data sets.
Moreover, after the agreement, the company will be developing a conceptual architecture for a connected and visible supply chain. The main intention behind it is to understand how it would work and which would be the benefits for the industry.
The press release reads as follows:
“The Navy already has a trusted network so the blockchain would only loosely resemble public blockchains. Public blockchains start with zero trust and rely on computational power in the ‘proof of work’ consensus methods. The Navy model will be a permissioned chain with a consensus mechanism requiring less computing power.”
The military industry is starting to use blockchain technology to become even more efficient. This is clearly going to play an important role in the future. China and United States are the two most powerful countries in the world in economic and military terms. However, China is a leader in the blockchain market registering more patents than the US.
It is in US national interest to have a strong blockchain community that would help its military, one of the main sources of power of the country, to be relevant in the future.
NAVAIR is just doing one of the first steps towards embracing blockchain technology. The country should be closely following the results of this pilot and analyse the costs if applied to other sectors of the military.