SIMBA Chain, a leader in blockchain solutions for companies, was the winner of the financing program called STRATFI. The firm will receive 30 million dollars from the United States Air Force, in order to improve the efficiency and management of assets within the supply chain of the Department of Defense.
"Our new project for the USAF will pave the way for more efficient and comprehensive asset management within the Department of Defense supply chain," said Stacy Betlej-Amodeo, Vice President of Government Operations at SIMBA Chain.
The STRATFI project aims to identify and promote technologies that will have the potential to secure their future dominance, with a focus on the development and implementation of blockchain applications in supply chain management. These programs will be used by different branches of the military, including the Office of the Assistant Secretary of Defense for Research and Engineering, the US Air Force, the US Navy, the US Army, and the Defense Logistics Agency.
Why SIMBA Chain?
SIMBA Chain has previously developed several blockchain applications to enhance crucial Air Force activities, including budget tokenization and tracking of critical components. The STRATFI will significantly accelerate the development of the SIMBA Blocks platform, providing in-transit visibility that supports the Air Force's strategic mission.
Bryan Ritchie, CEO of SIMBA Chain, states: "Through the STRATFI, our government partners are sending a strong signal of demand for blockchain technology. Given the interconnectedness of the DoD supply chain, it also signals an opportunity to collaborate and increase adoption within the commercial industry.
SIMBA Chain, incubated at the University of Notre Dame in 2017, is a fully integrated development platform that government agencies use to plug and connect to Web3. The platform addresses the unique challenges of governments by implementing blockchain-based solutions into their internal processes, ensuring information security and transparency.
With the STRATFI project, SIMBA Chain continues to strengthen its position as a leader in blockchain solutions for the government sector. The US Air Force recognizes the importance and potential of blockchain technology and its ability to improve supply chain asset management. The collaboration with SIMBA Chain will allow the Air Force to advance its strategic mission more efficiently and safely.
The Army and the Metaverse
In an exciting turn of events in the technology sector, the US Army made clear that the metaverse was a great ambition of theirs this past September. At that time, it planned to create its own virtual space, and for this, the authorities applied for 17 trademarks, thus guaranteeing its ownership in its metaverse plans. With these brands, the Army seeks to establish itself as a dominant presence in metaverse usage, including the creation of toys, clothing, and utensils specific to its use in these spaces.
The US Department of Defense has also pursued similar proposals. The agency partnered with Microsoft Azure to create a virtual environment where soldiers can perform immersive training, thus increasing their combat capability and minimizing the chances of mortality. With an estimated budget of $20 billion, the military plans to develop its metaverse over the next ten years, accessible through Microsoft's Hololens.
This initiative demonstrates a strong commitment on the part of the US Department of Defense to adopt the metaverse as a training tool and, with their licenses on file, they are ready to carry out their vision of a technologically advanced future for the military. Now, with this investment in SIMBA, it seeks to improve its infrastructure.
It is clear that the US military has not stopped betting on technology. The army is training the metaverse and, now, the blockchain has reached the Air Forces.
What will this American defense organization bet on next?