Blockchain company SIMBA Chain receives US $ 9.5 million investment from US Navy, will build a secure information platform

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.

SIMBA Chain

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. "

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

The original market maker is not "Zhuang"? What is the significance of the coin safety ball recruitment market?

On September 30th, the company announced that it has launched the Global Markets Program and will recruit Market Make...

Blockchain

Inside story How FTX stays up all night to prevent a $1 billion cryptocurrency theft case

On the same day FTX announced bankruptcy, someone began stealing hundreds of millions of dollars from its vault. An i...

Blockchain

Viewpoint | Exchange is the public chain platform

If 2019 is almost a stand-alone platform currency, let me think about " What is value capture? " and "...

Opinion

What do legal experts think of the SBF trial?

If SBF is convicted of one or more charges he is facing, the length of time he will spend in prison will largely depe...

DeFi

LK Venture Research Report | Telegram vs Twitter Who will dominate the super application race in the Web3 era?

Original author LeoDengSummary X and Telegram are globally renowned social media platforms that are exploring in the ...

Policy

Crypto Exchange FTX to Sell Trust Assets: Debtors Making a Desperate Cash Grab!

The debtors have suggested forming a pricing committee that includes representation from all stakeholders in addition...