The new contract is dubbed ALAMEDA, and it commenced on January 6 this year.
SIMBA Chain will work on developing a use case centered on the Boeing F/A-18 Hornet.
Per SIMBA Chain’s CEO, the blockchain can form the backbone of an effective supply chain.
Cloud-based smart contract platform SIMBA Chain has received a £1.1 million research grant from the US Office of Navy Research. A press release unveiled this news on January 13, noting that the US Navy selected the project to help improve its supply chain.
Reportedly, this contract is dubbed the Authenticity Ledger for Auditable Military Enclaved Data Access (ALAMEDA) project. This initiative will see SIMBA Chain take on the task of developing a blockchain-based solution that enables demand sensing for key military weaponry parts. Through this move, the US Navy seeks to process important information in real-time to predict demand with precision.