The U.S. Office of Navy Research has awarded a $1.5 million Small Business Innovation Research (SBIR) Phase II contract to SIMBA Chain to design and build a blockchain solution to enable demand sensing for the Defense Logistics Agency, the combat support and supply chain agency of the U.S. Department of Defense (DoD). SIMBA Chain is a cloud-based, blockchain-as-a-service (BaaS) platform.
Covalent, a fashion brand recently launched by biotechnology company Newlight Technologies, is using IBM Blockchain to help track the carbon impact of its AirCarbon-based fashion accessories, from eyewear to handbags. Newlight developed AirCarbon, which is a regenerative material made by natural ocean microorganisms that is being used to replace synthetic plastic and fibers.
Content services provider Hyland and enterprise-grade public ledger Hedera Hashgraph have presented a proof of concept (PoC) to the Texas Secretary of State to evaluate blockchain technology for the purpose of securing and verifying government-issued records. This is the first proof of concept spearheaded by the newly-formed Texas Blockchain Council.
Ukrainian professional soccer team Dynamo Kyiv is partnering U.S.-based blockchain startup Moonwalk to help the team drive increased revenue and fan engagement with a branded digital fan token while the global pandemic has left stadiums virtually empty. Moonwalk will help create the teams own digital economy by building the first-of-its-kind sports ecosystem centered around the fan community.
After recently allowing them to offer cryptocurrency custody services for customers and engage in certain stablecoin activities, the Office of the Comptroller of the Currency (OCC) has now clarified in a letter that federally chartered banks and thrifts may "participate in independent node verification networks (INVN) and use stablecoins to conduct payment activities."