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U.S Naval Air Systems Command will explore blockchain to cut costs

The United States Naval Air Systems Command will explore blockchain to cut costs incurred during tracking of aviation parts.

In a press release, the Naval Air Systems Command (NAVAIR), expressed that they are optimistic that the distributed ledger technology is the key to their long-suffering in the hands of paper records and manual entry of information into a centralized database. The process is not only less accurate but consumes a bigger chunk of the U.S navy’s budget.

The NAVAIR is responsible for aviation parts “throughout the parts life-cycle. Knowing the origin and history of flight-critical parts is a resource-consuming process that drives up the cost to operate military aircraft,” noted the press release.

Currently, the “parts are tracked with pen and paper.” To change this, NAVAIR hopes to switch the pen and paper method to a permissioned blockchain.

To move towards the realization of this cost-cutting journey, NAVAIR, through the Fleet Readiness Center Southwest (FRCSW) Advance Technologies Team, has partnered with “Indiana Technology and Manufacturing Companies (ITAMCO), developers of SIMBA Chain.” Simba Chain was developed by DARPA, a project which uses the distributed ledger technology to track messages.

Part of the reason why NAVAIR is preferring Simba Chain is because the chain uses innovative protocols ‘that can quickly and securely recall large data sets.’

With the security issues that come with a distributed system, NAVAIR is bringing cybersecurity professionals together during the initial stages of the development of preferred architectures.

George Blackwood, Logistics Management Specialist, Fleet Support Team, expressed his excitement during the partnership between ITAMCO and the Navy saying that it will enhance data transparency, anti-tampering, traceability, and visibility in the NAVAIR supply chain.

NAVAIR is also keen on evading a Proof of Work consensus mechanism which is known to utilize massive computing power and seeks the possibility of a consensus method that uses less computing power.

Since the U.S Naval Air Systems Command will explore blockchain to cut costs, do you think critical security departments will use blockchain for more specialized functions?

Let us know your thoughts in the comments section below.

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coinmag

Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.

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