US Navy awards $1.5M jet fighter contract to blockchain project
Cointelegraph
Published Jan 13, 2021 05:21AM ET
Updated Jan 13, 2021 07:00AM ET
SIMBA Chain, a cloud-based smart contract platform, has been tasked with revamping the supply chain of the United States military after it received a $1.5 million grant from the U.S. Office of Navy Research.
The project will be responsible for developing a blockchain-based solution to enable demand sensing for critical military weaponry parts. Demand sensing is a forecasting technique used in supply chain logistics that processes information in real-time to accurately predict demand ahead of time.
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Written By: Cointelegraph
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