To keep messaging secret, the US Navy has made a $9.5 million bet on blockchain.
Simba Chain has received nearly $10 million from the Naval Air Warfare Center, which is a California-based research group of the U.S. Navy. They are calling on Simba Chain to put together a secure messaging platform.
Simba Chain CEO Joel Neidig told Cointelegraph, “The platform will be up this year, with on going updates over the next 4 years”, in a Feb. 6 email.
“This is the first of many contracts,” Neidig said regarding upcoming phases after the current mentioned stage. “We will be announcing the next contracts later in the spring,” he added.
According to Cointelegraph, Simba Chain began building a blockchain-based supply chain solution for the U.S. Air Force in August 2019.
As part of a former SBIR contract, Simba Chain worked on the current DoD platform, building and testing the blockchain-based communication system, the press release said. This third phase targets the solution’s complete deployment.
Built using Microsoft’s Azure cloud platform, the communication platform applies to land and water operations, allowing for safe data exchange.
This article is not intended to be financial advice. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Crypto Block does not provide investment, tax, legal, or accounting advice.
As always, do your due diligence before investing, and never invest more than you can afford to lose.