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

Interpretation of the new SFC regulation: How to operate a licensed virtual asset exchange in Hong Kong?

Author: According to Health Source: Zero Finance On the evening of November 6, the Hong Kong Securities Regulatory Co...

Market

Encryption exchange "moving tide": US SEC "strongly pushed away", Middle East and Hong Kong "welcoming with a smile"

Due to the recent pressure from the SEC, several major exchanges around the world are preparing to flee, with the UAE...

Opinion

Unveiling SBF's Defense Draft of up to 250 pages I did what I believed was right.

In the draft, SBF traced his development history, from his childhood in Palo Alto to the penthouse apartment he purch...

Blockchain

Weekly data on the BTC chain: data on the chain began to fall, and the exchange traded frequently

In the past week (10.28-11.03), from the main chain data, the total amount of transactions has increased compared wit...

Blockchain

BiClub realizes full automation of OTC platform and helps build a large-scale digital asset financial service system

In the early hours of Beijing time yesterday, BiClub ( www.biclub.io , WeChat biclubcom) team has completed a key ste...

Market

Three days after listing, trading volume is lackluster. The first-ever leveraged BTC ETF in the US did not have a good start.

First leveraged cryptocurrency ETF in the US underperforms expectations three days after listing.