February 8th, blockchain startup SIMBA Chain announced that it has received a US $ 9.5 million investment from the US Navy, which will deploy a blockchain-based secure information platform for the US Department of Defense (DoD), designed to meet the US military The goal is to improve the security of its internal information delivery system.
It is reported that this investment was completed by the US Navy Research Team Naval Air Combat Center, and the SIMBA Chain system currently runs on Microsoft's Azure, which will make it easier to share information between the US Navy and the Air Force to ensure that military information is not intercepted . The use of new contracts includes secure information transfer, supply chain and financial transactions.
According to the contents of the contract, the cooperation between the US Navy and SIMBA Chain will last for five years, and SIMBA Chain itself is a project of the University of Notre Dame Research and Computing Center and ITAMCO Corporation, which has received funding from the US Defense Advanced Research Projects Agency (DARPA).
SIMBA Chain CEO Joel Neidig said in a statement:
"This is not only a victory for SIMBA and our partners, but also a victory for the US Department of Defense. The Department of Defense has been committed to performing sensitive, mission-critical operations in an unchangeable and irrefutable manner. We plan to provide a 'Bulletproof' platform. "