SIMBA CEO Bryan Ritchie on the US government’s adoption of blockchain
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Serial founder 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 Solves Web3 Adoption Barriers
Dr. Ritchie believes blockchain has the power to solve real-world problems across different fields, but the technology is difficult to implement in today’s systems. Since blockchain, and by extension Web3, is a new technology, there aren’t many developers with the right skills. Therefore, it is difficult to find specialized talent in the field, and the costs are 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 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, harnessing the power of this technology across supply, healthcare, information management and more.
“There are a ton of great projects out there, but they’re generally designed for blockchain developers and experts in the space. Ultimately, that won’t help mass adoption – we want to make sure any company, regardless of their blockchain expertise, can benefit of the technology.”
The US government leading the way in blockchain adoption
SIMBA has been working with several arms of the US government since 2019. Dr. Ritchie has said that the government’s strong inclination towards blockchain technology is the upside potential on several branches and the elimination of inefficiencies in current systems.
“The government has the resources to explore and figure out how to implement blockchain. They build a lot of important things, and it is difficult to know where that part is among over 400 suppliers.”
Tokenized data is stored on the blockchain, which is transparent, immutable and tamper-proof, reducing the risk of fraud and making it easier for authorities to know where each piece is located. “Anything the government wants to keep track of, there’s a great opportunity to use blockchain to do that.”
SIMBA Chain is currently working with the US government to tokenize budget and cash flows and with the US Space Force (USSF) to track space debris. Furthermore, the US Air Force (USAF) commissioned the platform to use blockchain to track and monitor USAF supply chain components.
Dr. Ritchie also stated that SIMBA was awarded $250k from the Orbital Prime program to create an incentive program for space debris removal.
SIMBA also helps the US healthcare system by decentralizing users’ health information, allowing them to have full control and anonymity unless they agree to be identified.
“Less than 25% of health systems can effectively share data beyond their EMR instance. So if you go to a hospital, and your GP doesn’t work for that hospital, they’re very likely not going to be able to get your health records without being sent by email or fax. Well, blockchain provides real-time visibility to any party authorized to access it.”
Dr. Ritchie believes that SIMBA Chain is leading the curve in Web3 adoption in the same way that Web2 did in the early 2000s with the Internet boom. So far, SIMBA has saved companies up to $1.3 million in upfront costs, 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.
