SIMBA’s CEO Bryan Ritchie on US Government’s Adoption of Blockchain
Serial entrepreneur and CEO of SIMBA Chain (short for Simple Blockchain Application), Dr. Bryan Ritchie, discussed the US Government's role as a leader in blockchain adoption for several of its branches, including the US Air Force and the US Space Force.
How SIMBA is Solving Web3 Adoption Hurdles
Dr. Ritchie believes blockchain has the power to solve real-world problems across different fields, but the technology is hard to implement in current systems. Since blockchain, and by extension Web3, is a nascent technology, there aren’t many developers with the proper skill set. Therefore finding specialized talent in the subject is difficult, and the cost is usually high.
This is where SIMBA Chain plays a key role —a Web3 developer platform primarily designed for non-blockchain experts and developers, making it a highly accessible solution for Web2 companies and the public and private sectors.
The company’s primary product is SIMBA Blocks, a Smart contract as a Service (SaaS) solution that connects systems and applications to the blockchain, leveraging this technology's power across supply, healthcare, information management, and more.
“There are a ton of great projects out there, but they are generally designed for blockchain developers and experts in the field. Ultimately that won’t help mass adoption – we want to make sure that any company, regardless of their blockchain expertise, can benefit from the technology.”
The US Government as the Leader in Blockchain Adoption
SIMBA has been working with several arms of the US Government since 2019. Dr. Ritchie has said the government’s heavy inclination towards blockchain technology is its upside potential on multiple branches and eliminating inefficiency within current systems.
“The government has the resources to explore and to figure out how to implement blockchain. They are building a lot of important things and it’s hard to know where that part is among 400 plus suppliers.”
Tokenized data is stored in the blockchain, which is transparent, immutable and tamper-proof, reducing the risk of fraud and making it easier for the government to know where each part is located. “Anything that the government wants to keep track of, there’s a great opportunity to use blockchain to do it.”
SIMBA Chain is currently working with the US Government to tokenize budget and monetary flows and with the US Space Force (USSF) to track space debris. Further, the US Air Force (USAF) commissioned the platform to use blockchain to track and monitor the USAF’s supply chain components.
Dr. Ritchie also stated that SIMBA was granted $250k from the Orbital Prime program to create an incentive program to remove space debris.
SIMBA is also helping the US healthcare system by decentralising users’ health information, allowing them to have complete control and anonymity unless they consent to be identified.
“There are just so many exciting use cases for blockchain within the government sector - well beyond CBDCs. For instance, when you're working with companies like Boeing that have hundreds of suppliers to build out an FA-18, with thousands of parts, maintenance and management of your fighter jets can become a challenge. Blockchain helps ensure visibility so that both Boeing and the NavAir can find exactly where each part is, at any point in time. We're currently doing that for FA-18 wing parts. Expanding these benefits could save the military billions in supply chain, purchasing and man-hours - not to mention ensuring they have the ability to remain mission critical at all times.”
Dr. Ritchie believes that SIMBA Chain is leading the curve in Web3 adoption the same way Web2 did in the early 2000s with the internet boom. So far, SIMBA has saved companies up to $1.3 million in upfront expenses, creating proven solutions not only for the US government but also for large-scale enterprises such as Boeing, CAT, and software companies such as Atomic Labs and BSSI.