SIMBA Chain: Secure Messaging on a Blockchain

SIMBA Chain Inc. (simbachain.org) is a Blockchain as a Service (BaaS) company headquartered in Plymouth, Indiana.

SIMBA Chain Inc. is a wholly owned entity of ITAMCO and was formed from a grant awarded by the Defense Advanced Research Projects Agency (DARPA) to Indiana Technology and Manufacturing Companies (ITAMCO) in order to develop a secure, unhackable messaging and transaction platform for the U.S. military.

ITAMCO was established in 1955 and is a large technology and manufacturing company that builds products for market sectors such as: Mining, Oil, Gas, Energy, Aerospace, and Defense.

SIMBA Chain partnered with the Center for Research Computing at University of Notre Dame to develop their SIMBA API which is a robust and efficient technology originally implemented for Defense Department communications. Its uses included communication between ground troops and their headquarters or between intelligence officers and the Pentagon.

Most recently, SIMBA Chain was awarded a contract by a Fortune 500 American multinational chemical company to integrate its SIMBA API with the company's SAP ERP system for the use of Blockchain in tracking and logistics. View Press Release.

To view SIMBA Chains Business Opportunity Overview, Click Here.

Meet the SIMBA Team

Joel Neidig, Interim CEO

• 13 Year manufacturing technology veteran
• Technical advisory group –MT Connect
• IMTS honored “Thought Leader”
• 2015 SME Outstanding Young Manufacturing Engineer of the Year
• Smart Manufacturing Magazine: 2015 Advanced Manufacturing Visionary (1 of 30)
VIEW JOEL'S BIO

Ian Taylor, CTO

• Globally acclaimed “big data” guru
• Naval Research Lab distributed computing contributor
• Web interaction and API Specialist
• Center for Research Computing Computational Scientist at Notre Dame
• Professor of Computer science at Notre Dame
VIEW IAN'S BIO

Jarek Nabrzyski,
VP of Product Development

• Director -Center for Research Computing at Notre Dame
VIEW JAREK'S BIO

What is a 'Blockchain'

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.

Originally developed as the accounting method for the virtual currency Bitcoin, blockchains – which use what's known as distributed ledger technology (DLT) – are appearing in a variety of commercial applications today. Currently, the technology is primarily used to verify transactions, within digital currencies though it is possible to digitize, code and insert practically any document into the blockchain. Doing so creates an indelible record that cannot be changed; furthermore, the record’s authenticity can be verified by the entire community using the blockchain instead of a single centralized authority.

Source: Blockchain Definition , CB Insights Research Portal

Blockchain as a Service (BaaS) Market Trends

As of February 2017, "blockchain" was the second most-searched term on Gartner.com, having increased in volume by 400% in the last 12 months. Between 2015 and 2016, the number of Gartner client inquiries grew by more than 600%, proving that the interest in this rapidly developing market is increasingly exponentially.

The Blockchain market is set to grow at a CAGR of 61.5% by 2021, with transparency and immutability as the driving factors behind the exponential growth of the blockchain market.

Tech giants have jumped on the bandwagon and are providing BaaS through their built-in platforms and collaborations.

BaaS is set to grow further and become the latest revolution in the fintech industry worldwide, which is why BaaS should be on your radar if you are looking to compete in this universal movement of crypto tech and the mass adoption of blockchain technology as a service.

Source: Business Insider

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