US Air Force School Looking to Tap Blockchain Tech to Boost Supply ChainDec 06, 2018 at 20:56
The United States Air Force Institute of Technology (AFIT) is promoting the learning of blockchain technology.
The Ohio-based graduate school for the United States Armed Forces has developed a free tool to help professionals learn about blockchain and published a live blockchain application along with tutorial videos.
The tutorial videos are planned to be used classroom lectures or business meetings, according to a report by the Modern Materials Handling.
The blockchain technology is seen capable of improving transparency and trust across all levels in the supply chain of the military’s used equipment, from tracking the original destination of the parts sourced and their assemblage into an equipment.
The current system grants the Air Force program manager the sole authority to have visibility over all tiers in the supply chain, wherein information can still be modified can somehow contrary to a distributed ledger system wherein every transaction details are permanently recorded.
The move also draws a broader discussion on allowing blockchain to power the entire US Air Force supply chain including the incentive structure, and activities involved, among others.
Aside from transparency, the solution allows savings for the Defense budget and to the US taxpayer in the long run.
AFIT has partnered with private supply chain security firm SecureMarking and the University of South Dakota Beacom School of Business so as to create a multi-echelon supply chain scenario where the blockchain technology is possibly applicable to resolve.
The scenario involves an Air Force program manager issuing virtual tokens which are task to components and then transferred from one company to the next in the blockchain.