SIMBA Chain, a cloud-based smart contract platform, has been commissioned to revamp the US military’s supply chain after receiving a $ 1.5 million grant from the US Office of Navy Research.
The project will be responsible for the development of a blockchain-based solution to enable demand sensing for critical components of military weapons. Question detection is a forecasting technique used in supply chain logistics that processes information in real time to accurately predict demand in advance.
Work will reportedly focus on constructing a use case focused on the Boeing F / A-18 Hornet – a fighter plane whose first variant was introduced in the 1980s and which still forms the backbone of the United States Navy today.
SIMBA Chain began operations on January 6 at a naval air base in Jacksonville, Florida, where it will partner with the Naval Enterprise Sustainment Technology Team (NESTT).
Project lead for NESTT Steve McKee said the Navy’s Small Business Innovation Research (SBIR) program was awarded $ 30 million by 2020 to develop technology innovations that improve military readiness:
“In 2020, the Department of the Navy’s SBIR program allocated more than $ 30 million to advance innovations to improve preparedness. This blockchain project with SIMBA Chain illustrates the role of technology in revitalizing not only our military facilities, but also our systems. Pilot projects like this one with the Fleet Readiness Center in Jacksonville are driving innovation as well as ultimately positive results, “
SIMBA Chain CEO Joel Neidig said blockchain was tasked with forming the backbone of an effective military supply chain, thanks to its irreversibility of transactions, its tamper-proof nature and its ability to be closely monitored.
“Blockchain is well suited to solve complex supply chain pain points because it allows for a decentralized mechanism for recording non-objectionable transactions, making data immutable as well as verifiable, and finally, fraud-resistant once written,” said Neidig .
SIMBA Chain was developed by Indiana Technology and Manufacturing Companies and the University of Notre Dame in 2017, as a result of a research grant awarded by the Defense Advanced Research Projects Agency (DARPA). Since then, the project has garnered multiple contracts for DARPA, the US Department of Energy and the US Department of Defense.
In October 2020, SIMBA Chain won first prize in a scenario for war games hosted by the United States Department of Defense. SIMBA took home $ 100,000 to deploy a secure, blockchain-based communications network, beating competitors to Boeing.