Thea Loise Woodward
Simba Chain has received a $200K grant from the Department of Defense to create a proof-of-concept system for securing exchange of research, development and scientific information.
The company said Tuesday it will design and develop a blockchain architecture for the DoD's Authenticity Ledger for Auditable Military Enclaved Data Access initiative with the Phase I Small Business Innovation Research funds.
The ALMEDA project's goal is to augment current repositories through the use of a distributed ledger technology to build an integrated data protection system. The initiative calls for access controls and verification, document delivery, validation and search functions, as well as a standard process for information hubs and providers to integrate records into a single platform.
Simba Chain noted its smart-contract-as-a-service platform has the potential to support the requirements. The cloud-based SCaaS offering is designed to help users build decentralized applications to secure direct user-provider connections.
“The DOD, defense contractors, and enterprise level businesses have benefited from mobile devices and how easy it has become to access and exchange date. However, the enhanced flow of information represents a significant security risk," said Simba Chain CEO Joel Neidig.
Neidig added that a sophisticated blockchain technology is a key to verify users, connect trusted sources and thwart malicious actors.
Project work is scheduled to begin June 1 and will continue until Sept. 30. Results from the initial phase will serve as basis for the department to award up to $1M in funds to move a technology into the next phase.
