USAF Invests $30M in SIMBA Chain for Blockchain Supply Chain Solutions

• SIMBA Chain has been awarded a $30M STRATFI with the U.S. Air Force
• The investment will focus on the development and deployment of blockchain applications in supply chain management
• SIMBA Chain has previously developed various blockchain applications to improve crucial USAF activities

SIMBA Chain, a leading enterprise blockchain solutions provider, is pleased to announce that it has been selected to receive a $30M STRATFI with the U.S. Air Force (USAF). This investment is a significant budget increase compared to previous blockchain initiatives, and will be used to develop and deploy blockchain applications in supply chain management to be used by the Office of the Under Secretary of Defense for Research & Engineering, the USAF, U.S. Navy, U.S. Army, and the Defense Logistics Agency.

Stacy Betlej-Amodeo, Vice President of Government Operations at SIMBA Chain, commented on the new partnership, saying “Our new project for the USAF will pave the way to more efficient and comprehensive management of assets within the Department of Defense supply chain. SIMBA is thrilled to build upon our existing partnership with the DoD to scale blockchain technology across the enterprise.”

The STRATFI will accelerate development of the SIMBA Blocks platform while delivering in-transit visibility that supports the USAF strategic mission. The company has previously developed various blockchain applications to improve crucial USAF activities, such as the tokenization of the organization’s budget to enhance accounting, as well as the tracking of critical components.

This new $30M investment will provide the USAF with the capability to securely manage and track its data in a way that improves operational efficiency and enhances the overall security of the supply chain. This will help the USAF to maintain its dominance in the future by utilizing the latest in cutting-edge technology.

SIMBA Chain is proud to be chosen by the USAF to provide this service and looks forward to continuing to work with the Department of Defense to enhance their operations and secure their future.

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