Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program

Blockchain solutions supplier SIMBA Chain has been selected for a $30 cardinal Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The inaugural is focused connected identifying and advancing technologies that could unafraid the aboriginal dominance of the U.S. Air Force. 

According to the announcement, the concern volition beryllium used to develop blockchain applications successful proviso concatenation absorption and programs that volition beryllium utilized by respective authorities organizations, including the Office of the Undersecretary of Defense for Research & Engineering, the USAF, the U.S. Navy, the U.S. Army and the Defense Logistics Agency.

SIMBA Chain has a long-standing narration with the Department of Defense, having developed assorted blockchain applications to amended captious USAF activities, specified arsenic fund tokenization for amended accounting and tracking of indispensable components for the aerial work branch. The STRATFI inaugural volition accelerate the improvement of SIMBA's blockchain platform, SIMBA Blocks, which supports USAF's strategical mission.

Bryan Ritchie, CEO of SIMBA Chain, views the STRATFI inaugural arsenic a beardown request awesome for blockchain exertion and an accidental to summation adoption wrong the commercialized industry. He said, "Given the interconnectedness of the DoD proviso chain, it besides signals an accidental to collaborate and summation adoption wrong the commercialized industry."

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As antecedently noted, this is not the archetypal clip the U.S. Air Force has experimented with blockchain technology. In June 2022, Cointelegraph reported that the U.S. Air Force tapped SIMBA Chain to make a budgeting and accounting strategy for tracking and monitoring the military's currency travel and proviso concatenation prime and management. 

The extremity of the project, dubbed Digital Blockchain Budgeting Accountability and Tracking (DiBaT), was to tokenize each dollars wrong the U.S. Air Force proviso concatenation fund and way money question crossed billing centers, purchasing teams and suppliers.