US Navy Signed $1.5M Contract With Consensus Networks

The United States Navy has signed a $1.5-million contract with Consensus Networks to develop a blockchain-enabled logistics system named HealthNet back in May.

It has been reported that the project, built on the Internet of Things-focused blockchain IoTeX, is halfway complete, counting the days for its pilot scheduled for early 2022.

However, Consensus Networks aims to provide real-time monitoring and logistics for nearly 700,000 sailors and marines via the HealthNet platform. The developer picked the IoTex blockchain to meet the security and scalability requirements of the Navy.

Nathan Miller, the CEO and founder of Consensus Networks, said that the project is 50% complete, and the US Navy is pleased with the progress so far. He added that the Navy would “participate along with other partners who are interested in the blockchain-powered HealthNet.”

The report said that Pilot programs to improve the outdated and inefficient systems include medical logistics, the demand for pharmaceuticals, prediction of blood product demand, and supply of prostheses and medical equipment.

Likewise, Miller predicted that the medical industry is poised to renew its systems with blockchain-based solutions.

He added:

“It is hard to believe that today automobile manufacturers, such as Ford, have a better network for ensuring the health of their vehicles in the shop or on the road than the medical sector has to monitor and safeguard the health of people.”

Miller further said:

“For example, it will be great for elderly homes by helping them with better care without driving or being driven to a healthcare facility. The system will help track their health and predict their needs and get them sorted, so they do not have to visit clinics.”

Thus, the US military has previously experimented with blockchain technology. The Air Force was one of the first branches to make a contract with a blockchain startup. The US Navy then granted Simba Chain $10 million to develop a secure messaging platform. Simba has received another $1.5 million in 2021 to create a blockchain-based solution to enable demand sensing for critical military weaponry parts.

Source: Cointelegraph