$ 96,144.9
BTC
-0.45 %
$ 2,792.21
ETH
2.17 %
$ 0.7731
ADA
0.53 %
$ 660.92
BNB
0.73 %
$ 170.33
SOL
-1.86 %
Jyoti Singh
Feb 8, 2020

Fluree To Develop Blockchain Technology For US Air Force

Fluree
The US Air Force (USAF) has been planning to test blockchain-based communication platforms, therefore in collaboration with the Department of Defense awarded a contract to a blockchain firm Fluree. The firm has been working with AFWERX, a technology innovation program of the Air Force to introduce distributed ledger technology’s (DLT) proof of concept.

Fluree Expands Partnership

Regarding the contract, the co-CEO of Fluree, Brian Platz has said,

“Fluree is uniquely suited to provide a distributed communication network that supports the interoperability and scalability requirements of both legacy and evolving government systems.”

Fluree, which was founded in the year 2016 by Platz and Flip Filipowski. In the year 2018, the firm released its blockchain database and by June 2019, during the seed funding, it received USD $4.7 million.

According to the reports, Fluree’s partnership with the US Air Force was considered to be its most notable and impressive achievement. The report further stated that as Fluree wanted to grow, therefore, it has been working with a consulting firm, Deloitte, so that it could open doors for many more partnerships.

Presently, Fluree was planning to conduct an event, Voice of the Customer  (VOC), where it could hold discussions with the customers to identify their needs and develop a plan for prototype deployment of its data management.

US Government Agencies Trusts Blockchain

The reports suggested that apart from the USAF, there were many other government agencies that were supporting blockchain. Avivah Litan, a vice president of research at Gartner, has stated that the USAF’s partner DoD was earlier testing the blockchain for logistics management and supply chain. Litan also mentioned that another government agency, Federal Reserve was also considering to use blockchain for real-time payment services.

Litan said that more than any other sector in the US, its government was very much interested in testing blockchain. She said, “I’ve seen a few use cases. “They’re not the slowest sector.”

Fluree To Develop Blockchain Technology For US Air Force
Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.

Related News

Bybit Hack: $1.4B in Ethereum Drained
NEWS

Bybit Hack: $1.4B in Ethereum Drained

In a major incident, hackers have exploited Bybit, draining approximately $1.4 billion worth of Ethereum from the exchange. Analysts point to the infamous Lazarus Gr ...
Sujit Kumara day ago
XRP Trading Volume Surges Amid Bybit Hack Fallout
NEWS

XRP Trading Volume Surges Amid Bybit Hack Fallout

Recent on-chain data from CoinMarketCap reveals that XRP, the Ripple-associated cryptocurrency, has experienced a 54.05% spike in trading volume, reaching $5.76 bill ...
Sujit Kumara day ago
Buterin Rejects Casino Trend, Ethereum Focuses on DeFi Funding
NEWS

Buterin Rejects Casino Trend, Ethereum Focuses on DeFi Funding

During a recent AMA on February 20, Ethereum co-founder Vitalik Buterin addressed the debate on whether the network should embrace blockchain casinos. Amid criticism ...
Sujit KumarFeb 22, 2025
SEC Drops OpenSea Lawsuit, Boosting NFT Innovation
NEWS

SEC Drops OpenSea Lawsuit, Boosting NFT Innovation

The U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against OpenSea, one of the leading NFT marketplaces. OpenSea CEO Devin Finzer w ...
Sujit KumarFeb 22, 2025
PinkSale AutoStakeYield Fair Launch ad
Coinbase Dismisses SEC Lawsuit, No Fines or Business Changes
NEWS

Coinbase Dismisses SEC Lawsuit, No Fines or Business Changes

Coinbase has reached a significant agreement with SEC staff to dismiss the ongoing lawsuit without incurring any fines or altering its business practices. This devel ...
Sujit KumarFeb 21, 2025