US Air Force Gives Blockchain Firm $1.5M to Build Supply Chain Network

SIMBA Chain, a blockchain-as-a-service company with deep ties to the Department of Defense, has two years and $1.5 million to research and develop a blockchain for supply chain logistics for the U.S. Air Force. The South Bend, Ind., firm said on Monday it has entered Phase II of its Small Business Innovation Research (SBIR) USAF project with a renewed mandate to investigate blockchain’s military supply chain value propositions. It has also gained a new partner: Boeing. SIMBA CEO Joel Neidig said his firm will “stand up” a node running Hyperledger Fabric at Oklahoma’s Tinker Air Force Base – a hub for Air Force supply chain logistics – with a special focus on risk management: knowing the what, where, who and how of parts that may one day go through the USAF’s $62 billion procurement machine. That means anticipating and identifying areas in the supply chain that could one day break down. Neidig declined to state what Boeing parts the USAF will track in Phase II but did reiterate that it will use “real data.” A Boeing spokesperson did not respond to a request for comment. Read More...

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