Serial entrepreneur and CEO of SIMBA Chain (brief for Easy Blockchain Software), Dr. Bryan Ritchie, mentioned the US Authorities’s function as a frontrunner in blockchain adoption for a number of of its branches, together with the US Air Drive and the US Area Drive.
How SIMBA is Fixing Web3 Adoption Hurdles
Dr. Ritchie believes blockchain has the ability to unravel real-world issues throughout totally different fields, however the know-how is difficult to implement in present programs. Since blockchain, and by extension Web3, is a nascent know-how, there aren’t many builders with the correct ability set. Due to this fact discovering specialised expertise within the topic is troublesome, and the price is often excessive.
That is the place SIMBA Chain performs a key function —a Web3 developer platform primarily designed for non-blockchain consultants and builders, making it a extremely accessible answer for Web2 corporations and the private and non-private sectors.
The corporate’s main product is SIMBA Blocks, a Good contract as a Service (SaaS) answer that connects programs and purposes to the blockchain, leveraging this know-how’s energy throughout provide, healthcare, data administration, and extra.
“There are a ton of nice tasks on the market, however they’re usually designed for blockchain builders and consultants within the discipline. In the end that gained’t assist mass adoption – we need to make it possible for any firm, no matter their blockchain experience, can profit from the know-how.”
The US Authorities because the Chief in Blockchain Adoption
SIMBA has been working with a number of arms of the US Authorities since 2019. Dr. Ritchie has mentioned the federal government’s heavy inclination in direction of blockchain know-how is its upside potential on a number of branches and eliminating inefficiency inside present programs.
“The federal government has the sources to discover and to determine implement blockchain. They’re constructing numerous vital issues and it’s exhausting to know the place that half is amongst 400 plus suppliers.”
Tokenized knowledge is saved within the blockchain, which is clear, immutable and tamper-proof, decreasing the danger of fraud and making it simpler for the federal government to know the place every half is situated. “Something that the federal government needs to maintain monitor of, there’s an ideal alternative to make use of blockchain to do it.”
SIMBA Chain is at the moment working with the US Authorities to tokenize finances and financial flows and with the US Area Drive (USSF) to trace area particles. Additional, the US Air Drive (USAF) commissioned the platform to make use of blockchain to trace and monitor the USAF’s provide chain parts.
Dr. Ritchie additionally acknowledged that SIMBA was granted $250k from the Orbital Prime program to create an incentive program to take away area particles.
SIMBA can be serving to the US healthcare system by decentralising customers’ well being data, permitting them to have full management and anonymity until they consent to be recognized.
“Lower than 25% of well being programs can successfully share knowledge past their EMR occasion. So if you happen to go to a hospital, and your loved ones physician doesn’t work for that hospital, they’re very doubtless not in a position to attain your well being information with out it being emailed or faxed. Properly blockchain supplies actual time visibility to all events who’ve permission to entry it.”
Dr. Ritchie believes that SIMBA Chain is main the curve in Web3 adoption the identical method Web2 did within the early 2000s with the web growth. To this point, SIMBA has saved corporations as much as $1.3 million in upfront bills, creating confirmed options not just for the US authorities but in addition for large-scale enterprises equivalent to Boeing, CAT, and software program corporations equivalent to Atomic Labs and BSSI.