Today blockchain startup SIMBA Chain said it won a $1.5 million Small Business Innovation Research (SBIR) Phase II contract awarded by the U.S. Office of Navy Research. The project will use blockchain to ensure that critical replacement parts for weapons don’t run short.
SIMBA says the first phase of the project was awarded in June 2020 for a U.S. Marines prototype to monitor inventory and the movement of physical assets at a particular depot. The latest project will extend that work and involves working with the Naval Enterprise Sustainment Technology Team (NESTT) at the Fleet Readiness Center Southeast (FRCSE) in Jacksonville, Florida.
“We are very honored to work with NESTT and the FRCSE on one of the most pressing issues facing the nation today, managing and securing military supply chains and ensuring readiness to thwart cyber and physical threats,” said SIMBA Chain CEO Joel Neidig.
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