• SIMBA Chain has been awarded a $30M US Air Force STRATFI.
• The investment will focus on the development and deployment of blockchain applications in supply chain management.
• Their programs are designed to be used by the Office of the Undersecretary of Defense for Research & Engineering, the USAF, and U.S.
South Bend, Indiana, 31st January 2023 – SIMBA Chain, a leading enterprise blockchain solutions provider, has been selected for a $30 million STRATFI (Strategic Technology Investment) with the U.S. Air Force (USAF). This follows up on multiple projects the company has completed for the military branch in recent years.
The USAF STRATFI is focused on identifying and advancing technologies that have the potential to secure its future dominance. This $30 million investment reflects a significant budget increase compared to previous blockchain initiatives, and will be allocated to the development and deployment of blockchain applications in supply chain management.
The programs developed by SIMBA Chain are designed to be used by the Office of the Undersecretary of Defense for Research & Engineering, the USAF, U.S. Department of Defense, and other stakeholders. The application of blockchain technology in supply chain management has the potential to revolutionize the way the USAF and other defense organizations procure and manage resources.
The use of blockchain technology in the military is expected to bring a wide range of benefits including improved security, greater transparency, and enhanced operational efficiency. With the addition of blockchain applications, the USAF will be better positioned to track and manage their assets more effectively, while also reducing the cost of acquisition and eliminating fraudulent activities.
SIMBA Chain’s CEO, Joel Neidig, expressed his appreciation for the USAF’s investment and the trust they’ve placed in the company. “We are honored to be selected for the USAF STRATFI. We are deeply committed to developing innovative solutions that will help the USAF operate more efficiently and securely,” said Neidig.
The $30 million investment from the USAF is a testament to the confidence the military branch has placed in SIMBA Chain and the promise of blockchain technology. With the help of this new funding, SIMBA Chain is well-equipped to continue developing innovative solutions that will help the USAF stay ahead of the curve in the rapidly-evolving world of technology.