{"id":42955,"date":"2023-02-01T00:57:12","date_gmt":"2023-02-01T00:57:12","guid":{"rendered":"http:\/\/egrowonline.com\/?p=42955"},"modified":"2023-02-01T00:57:12","modified_gmt":"2023-02-01T00:57:12","slug":"blockchain-provider-simba-chain-awarded-30m-by-us-air-force-stratfi-program","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=42955","title":{"rendered":"Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program"},"content":{"rendered":"


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Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF)<\/a>. The initiative is focused on identifying and advancing technologies that could secure the future dominance of the U.S. Air Force.\u00a0<\/p>\n

According to the announcement, the investment will be used<\/a> to develop\u00a0blockchain applications in supply chain management and programs that will be used by several government organizations, including the Office of the Undersecretary of Defense for Research & Engineering, the USAF, the U.S. Navy, the U.S. Army and the Defense Logistics Agency.<\/p>\n

SIMBA Chain has a long-standing relationship with the Department of Defense, having developed various blockchain applications<\/a> to improve critical USAF activities, such as budget tokenization for better accounting and tracking of essential components for the air service branch. The STRATFI initiative will accelerate the development of SIMBA\u2019s blockchain platform, SIMBA Blocks, which supports the USAF\u2019s strategic mission.<\/p>\n

Bryan Ritchie, CEO of SIMBA Chain, views the STRATFI initiative as a strong demand signal for blockchain technology and an opportunity to increase adoption within the commercial industry. He said, \u201cGiven the interconnectedness of the DoD supply chain, it also signals an opportunity to collaborate and increase adoption within the commercial industry.\u201d<\/p>\n

Related:\u00a0US Air Force files trademark application for ‘SpaceVerse’ initiative<\/a><\/em><\/strong><\/p>\n

As previously noted, this is not the first time the U.S. Air Force has experimented with blockchain technology. In June, Cointelegraph reported that the U.S. Air Force had tapped SIMBA Chain<\/a> to develop a budgeting and accounting system for tracking and monitoring the military\u2019s cash flow and supply chain quality and management.\u00a0<\/p>\n

The goal of the project, dubbed Digital Blockchain Budgeting Accountability and Tracking (DiBaT), was to tokenize all dollars within the U.S. Air Force supply chain budget and track fund movement across billing centers, purchasing teams and suppliers.<\/p>\n<\/div>\n


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Blockchain solutions provider SIMBA Chain has been selected for a $30 million Strategic Technology Focus Initiative (STRATFI) by the United States Air Force (USAF). The initiative is focused on identifying and advancing technologies that could secure the future dominance of the U.S. Air Force.\u00a0 According to the announcement, the investment will be used to develop\u00a0blockchain […]<\/p>\n","protected":false},"author":1,"featured_media":42956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[6587,3230,10477,73,365,377,995,4857,9254,13649],"class_list":["post-42955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-30m","tag-air","tag-awarded","tag-blockchain","tag-chain","tag-force","tag-program","tag-provider","tag-simba","tag-stratfi"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/02\/a3c07724-756c-4d44-a7d9-4740f2ffd47b.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42955"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42955\/revisions"}],"predecessor-version":[{"id":42957,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/42955\/revisions\/42957"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/42956"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42955"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}