SIMBA Chain secures $1.5 million Navy contract for blockchain demand sensing

James has a passion for how technologies influence business and has several Mobile World Congress events under his belt. James has interviewed a variety of leading figures in his career, from former Mafia boss Michael Franzese, to Steve Wozniak, and Jean Michel Jarre. James can be found tweeting at @James_T_Bourne.

SIMBA Chain, an Indiana-based blockchain technology provider, has been awarded a $1.5 million contract from the US Office of Navy Research to ‘design and build a blockchain solution to enable demand sensing.’

The contract, which falls under the Small Business Innovation Research (SBIR) Phase II branch, will see SIMBA Chain develop a demand sensing solution for the Defense Logistics Agency. Demand sensing is used by the US military to ensure critical replacement parts for weaponry is available when required.

This is not the first contract handed out to the company, whose offering enables organisations to develop and deploy dApps across various blockchain platforms. The SBIR Phase I project, which was awarded in June, involved working with the US Marine Corp to build a use case for blockchain-based prototype monitoring inventory and movement of physical assets at its Georgia depot.

In February, SIMBA Chain was awarded a $9.5m contract by the Naval Air Warfare Center to build a secure blockchain-based messaging and transaction platform.

“Our goal with this pilot program is to use blockchain to dramatically improve vital supply chain interactions between FRCSE (Fleet Readiness Center Southeast) and the Defense Logistics Agency to mitigate against disruption, issues, and threats to engineering and maintenance operations,” said Joel Nedig, SIMBA Chain CEO, in a statement.

“Our hope is it becomes a model across the Navy and other branches of the US military,” Nedig added.

In September, SIMBA Chain joined Hyperledger in the latest tranche of companies to sign up for the organisation.

Photo by IIONA VIRGIN on Unsplash

Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

View Comments
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *