On Wednesday, Indiana blockchain startup SIMBA Chain announced that it has received a $1.5 million Phase II contract from the U.S. Office of Navy Research (under the Small Business Innovation Research program to stimulate federal R&D projects with commercial potential). SIMBA Chain has been tasked to design and build a blockchain-based demand sensing solution for the Defense Logistics Agency, which provides combat support and supply chain management for the U.S. Department of Defense.
Demand sensing is a forecasting technology used across industry verticals, but which in the U.S. military context is used to ensure availability of replacement parts for weapons.