• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Bitcoin price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

    developer

    Best Blockchain Jobs in 2021 and You Are NOT a Developer

    Dogecoin price

    Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

    online gambling

    How Cryptocurrency Is Changing Online Gambling

    Cryptocurrency Price Prediction

    Top 10 Cryptocurrency Price Prediction Platforms to Follow Now

    Buy Bitcoin on Cash App

    How to Buy and Sell Bitcoin (BTC) on Cash App

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

The US Navy Is Looking to Implement Blockchain Technology

Joshua T. by Joshua T.
September 24, 2018
in Finance & Blockchain, Latest News

The USA government is showing further support towards blockchain technology. This is as a result of the US Navy teaming up with a tech company, ITAMCO. The collaboration between the two is going to explore the use of blockchain technology for the purpose of keeping track of aircrafts’ structural parts throughout its lifecycle.

Similar Incidents of Blockchain Technology Use, By The US Government

This is not the US Government’s first time of considering the use case of blockchain technology. Similar development finds NATO (North Atlantic Treaty Organization) exploring the use of blockchain technology, in regards to procurement and logistics of military gadgets. There are also ongoing studies made by the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense.

When it comes to implementing and exploitation of blockchain technology, the U.S.A, Russia and Chinese governments, seem to be expressing their interest the most.

ITAMCO News Release

According to the reports released, The Naval Air Systems Command (NAVAIR) plans to track aviation parts using blockchain technology. This implementation is expected to further reduce the cost of running an operation. It is also going to further reduce the amount of resource consumed during the course of an operation.

The release states:
“Knowing the origin and history of flight-critical aircraft parts is a resource-consuming process that drives up the cost to operate military aircraft. The Navy hopes to change the way it tracks the lineage of parts.”

Furthermore, the Logistics Management Specialist George Blackwood from ISSC North Island Fleet Support Team said:

“The Navy is very excited to work with ITAMCO (Indiana Technology and Manufacturing Companies) on this cutting-edge technology to improve visibility, anti-tampering, traceability and data transparency in the NAVAIR supply chain.”

The Purported Benefits of The Collaboration

As a result of this collaboration, the Navy’s new blockchain aviation parts tracking model is going to uphold a permissioned protocol.
This permissioned protocol will make good use of a consensus algorithm with a requirement for a lower computing power.

Conclusively, this collaboration between the USA government and a tech company toward the development and implementation of a blockchain based technology is an indication of a brighter future for the entire blockchain community.

Tags: BlockchainitamconavyUS
Previous Post

Coil Enables XRP Payments on Wikipedia, Twitch, and YouTube

Next Post

The winners of the 3rd EOS Hackathon in London have been Announced

Joshua T.

Joshua T.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

Blockchain stocks

Top 5 Blockchain Stocks to Buy at the End of 2020

by Lavinia C.
November 12, 2020

Blockchain technology is widely adopted in major sectors of the world. The technology’s first application was in cryptocurrencies, which are...

teenager

In One Day A 15 Years Old Teenager Earned 0.7 BTC!

by Ionela C.
May 14, 2020

In the USA (Miami, Florida), a 15 years old teenager earned 0.7 BTC in one day. The teen’s name is...

algorithm

How to Get Guaranteed +1095% to A Crypto Portfolio per Year?

by Ionela C.
April 29, 2020

Today, our reporter Ethan A. spoke via video link with the man who changed the world of financial analysis. Our...

hard drive mining

All About Hard Drive Mining and How It Works

by Anca F.
March 18, 2020

Today, we will be looking into what hard drive mining is and how it works. Find out if this mining...

Polehin

Polehin.com: The First Cryptowallet Available on Apple Watch

by Ionela C.
March 17, 2020

There are a myriad of Bitcoin wallets on the market, so the competition is harsh. The quickly developing Polehin.com app,...

Bitcoin, Ethereum, and Ripple Price Prediction in February 2020

by Anca F.
January 31, 2020

In today’s article, we will be analyzing some of the past price trends and market opinions in order to come...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Investment Projects
Trust Capital LTD
Top Rated Exchanges
Binance Exchange
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

Bitcoin price prediction

Bitcoin, Ethereum, and Ripple Price Prediction in January 2021

January 6, 2021
developer

Best Blockchain Jobs in 2021 and You Are NOT a Developer

December 22, 2020
Dogecoin price

Will Dogecoin Price Go Up? | Here Are Some Predictions for 2021

December 18, 2020
online gambling

How Cryptocurrency Is Changing Online Gambling

December 18, 2020
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.