US defense contractor Simba Chain raises $25 million to boost NFT efforts
The $25 million funding round, led by Valley Capital Partners, would enable Simba Chain to dedicate resources to new trends in the blockchain space. The United States-based blockchain startup Simba Chain, which provides technology for several U.S. defense organizations, raised fresh funds to scale the business and tap new opportunities like nonfungible tokens (NFTs).The $25 million Series A funding round was led by Valley Capital Partners with the participation of Notre Dame Pit Road Fund, Elevate Ventures and Stanford Law School Venture Fund, according to an official announcement. Simba....
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Simba aims to lower the barrier of entry into Web3 for Web2 firms with the help of a decentralized platform that provides necessary developer tools. Ethereum (ETH) layer-2 solution Polygon (MATIC) is integrating the Simba Chain to scale and build new infrastructure for Web3, according to a new announcement.While Polygon is known to be a scaling solution provider, the new partnership aims to build the next chapter for Web3 and expand the scope of services offered by the Polygon network. The first significant development between the two firms will be the launch of a white-label NFT....
SIMBA Chain beat competitors such as Boeing by using blockchain to underpin a war games solution for the U.S. Department of Defense. One often hears blockchain in the same breath as security and supply chains. This week, a winning entry to a competition organized by the United States Department of Defense cast both these aspects in a new light.To keep pace with the ever-more technologized battlelines of contemporary warfare, the DoD continues to explore ways to innovate the manufacturing process and supply chain for weaponry and infrastructure in use by the Air Force and avy. The Advanced....
SIMBA Chain has been tapped to beef up the supply chain of the United States Navy after receiving a $1.5 million research grant. SIMBA Chain, a cloud-based smart contract platform, has been tasked with revamping the supply chain of the United States military after it received a $1.5 million grant from the U.S. Office of Navy Research. The project will be responsible for developing a blockchain-based solution to enable demand sensing for critical military weaponry parts. Demand sensing is a forecasting technique used in supply chain logistics that processes information in real-time to....
We've seen all sorts of bitcoin fundraisers going on in the community recently, but did you know there existed a fundraiser to help with the legal defense of Edward Snowden? There apparently is, and the amount of money its raised so far is nothing to scoff at. As of this writing, the address [Blockchain.info link] has collected just about 150 bitcoins, or $87,195 at the present exchange rate. Snowden defense fund has raised $90,341.66 in #Bitcoin https://t.co/cKda45taX1 donate: http://t.co/GEHJ0hK5YS info: https://t.co/SdNf8MpTa1. - WikiLeaks (@wikileaks) June 24, 2014. The news comes from....
They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens and monitor fund movement across billing centers, purchasing centers and suppliers. For many years, the United States Military has been experimenting with blockchain in a number of settings to enhance its operations. Now, the U.S. Air Force (USAF) is adopting blockchain into its budgeting and accounting processes.According to a Thursday press release, the USAF has enlisted SIMBA Chain, a blockchain-as-a-service platform, to develop a blockchain-based system for tracking and monitoring the....