US Navy to pilot blockchain-based project to improve medical supply lines

Consensus Networks uses the IoTeX blockchain to monitor the health of 700,000 U.S. Navy sailors and marines in real-time. Read the full article by: Erhan Kahraman

Key Points:

• Blockchain can be used for everyday things without the need for a token that people can trade. The most common example of this private businesses such as J.P. Morgan using blockchain to automate daily functions. It is still currently hard for a lot of companies to make the changes

• The US Navy is now heavily exploring blockchain tech in a $1.5 million contract with Consensus. This partnership will help advance the Navy’s blockchain logistics system that will be built using IoTeX and scheduled to release in 2022.

• Consensus is aiming to be able to provide real-time health monitoring for 700,000 sailors. “It is hard to believe that today automobile manufacturers, such as Ford, have a better network for ensuring the health of their vehicles in the shop or on the road than the medical sector has to monitor and safeguard the health of people.”

• This is not the first time that the military has explored blockchain as the Air Force was the first branch to experiment. The Navy has also given Simba chain $10 million to develop a secure messaging platform. The military can benefit greatly from blockchain and they will continue to grow and most likely one of the first in the country, as well as financial institutions, to make significant moves into blockchain.