Market Cap: $132.96B

|

Vol24: $28.63B

|

dominance: 52.04%

U.S. Navy intends to use blockchain for improving of tracking system

U.S. Navy is to use block chain for improving of tracking system

The command of the naval forces of the United States is considering the use of blockchain technology for tracking the supply of aviation parts.

On Friday, the command of U.S. Navyaviation systems(NAVAIR), which provides aircraft and airborne weapons materiel, reported a study of the blockchain technology to increase efficiency and reduce costs while tracking supplies of aircraftparts.

The NAVAIR representative said:

"Obtaining information about the origin and history of the most important aircraft parts is an expensive process that increases the cost of the military aviation maintenance".

To date, all information on the supplied parts firstly recorded on paper and only after that goes to the database. Therefore, the naval forcescommand of the United States decided to prepare a translation of this process into the blockchain with limited access.

NAVAIR has partnered with a group of technological and industrial companies of Indiana state in order to use SIMBA Chain. It is a platform of "blockchain as a service" type, created with participation of The Defense Advanced Research Projects Agency.

Command of the United States Navy showed a particular interest in quick and safe storing of large amount of data, which SIMBA Chain provides. The ultimate goal of the whole project is to create a conceptual framework for logistics system via the blockchain, which will be characterized by transparency and security.

According to NAVAIR, a blockchain with limited access will be createdfor proof of concept, a consensusmechanism of which will be less demanding on computing resources than Proof-of-Work used in Bitcoin.

The press release also says, that developers are in process of solving some problems. For example, a distributed logistic system can be susceptible to external attacks, so the cybersecurity is perhaps the main task for developers.

According to team, working on the system, various opportunities for viewing and tracking, characteristic for the blockchain technology, will help NAVAIR to perform the task of improving safety and reducing maintenance costs of naval forces.


TOP 20 coins by Market Cap

Bitcoin

Bitcoin | BTC

$3939.44122345 $69.14B
-1.05
Ethereum

Ethereum | ETH

$144.787821792 $15.2B
-1.5
Ripple

Ripple | XRP

$0.3206630248 $13.25B
-3.17
EOS

EOS | EOS

$3.7378867714 $3.39B
-3.21
Litecoin

Litecoin | LTC

$48.8230991238 $2.96B
-3.87
Bitcoin Cash

Bitcoin Cash | BCH

$141.318826531 $2.49B
-3.49
Tether

Tether | USDT

$1.0045898054 $2.03B
-0.18
Stellar

Stellar | XLM

$0.088313766 $1.69B
-2.39
TRON

TRON | TRX

$0.0247248809 $1.65B
-1.94
Binance Coin

Binance Coin | BNB

$10.2755722131 $1.45B
-7.29
Cardano

Cardano | ADA

$0.0449285641 $1.16B
-4.54
Monero

Monero | XMR

$50.6808318843 $0.85B
-2.99
IOTA

IOTA | MIOTA

$0.3020213902 $0.84B
-2.93
Dash

Dash | DASH

$84.9048506984 $0.73B
-2.29
Maker

Maker | MKR

$644.113289322 $0.64B
-0.35
NEO

NEO | NEO

$8.7233118186 $0.57B
-4
Ethereum Classic

Ethereum Classic | ETC

$4.4773630669 $0.49B
-4.05
NEM

NEM | XEM

$0.0434866187 $0.39B
-0.51
Zcash

Zcash | ZEC

$53.7619429915 $0.32B
-2.43
Waves

Waves | WAVES

$2.7819926299 $0.28B
-1
Все монеты