Simba Chain, a blockchain startup backed by the Defense Advanced Research Projects Agency (DARPA) will soon build a blockchain project for the U.S. Department of Defense (DoD).
A long-established favorite of the U.S. military authorities like the U.S. Air Force and the Navy, Simba Chain has won another contract from the United States government.
SIMBA Chain wins another #DoD Contract #Blockchain #SmartContracts https://t.co/lIUpGNbeFf@RSKsmart @Hyperledger @CoinDesk @ethereum @StellarOrg @goquorum @msft4startups @MSFTScaleUp #ConsensusDistributed #consensus2020 @quant_network — SIMBA Chain (@SimbaChain) May 12, 2020
The DoD has awarded Simba Chain a $200,000 contract to develop a proof-of-concept for a blockchain-based system for secure management of the authority’s research and development documentation.
The award is a Phase I contract within the Small Business Innovation Research (SBIR) program, encouraging small businesses to engage with federal research that has the potential for commercialization.
The firm announced on May 12 that according to the contract, Simba Chain will be developing a blockchain project known as ALAMEDA, which stands for “Authenticity Ledger for Auditable Military Enclaved Data Access.”
It is scheduled to launch on June 1, 2020, and run by Sept. 30, 2020. If the project succeeds, the Phase I would serve as a basis for a potential $1 million SBIR Phase II contract for further commercialization.
The firm said that the blockchain architecture would maintain the authenticity and provenance of an estimated 4.5 million documents for 4,000 users for the DoD’s Defense Technical Information Center.
Simba Chain CEO Joel Neidig highlighted that the new blockchain project seeks to:
“eliminate third-party bad actors, and otherwise allow secure direct connections between trusted sources.”
The Simba Chain platform supports a number of blockchains including:
Ethereum
JPMorgan’s Quorum
Bitcoin-powered RSK
Stellar
IBM’s Hyperledger
Additionally, Simba Chain employs Microsoft’s Azure cloud platform. Since establishment in 2017, Simba Chain has received multiple awards from the U.S. government so far.
Source: Cointelegraph | Image: Unsplash