The U.S. Air Force Institute of Technology is promoting blockchain technology for supply chain management and has developed a free tool to help professionals learn about the technology, News BTC reports.
Blockchain allows the Air Force to improve transparency and trust across all tiers of its supply chain, addressing some of the most pressing issues, such as struggling to track parts that are sourced and assembled into equipment in different regions.
Current software are limited, but reportedly easier to understand at first sight. Blockchain takes longer to understand, but the technology is likely to result in savings for the Defense budget and to the U.S. taxpayer over the long term.
News BTC reports that the U.S. Air Force Institute of Technology (AFIT) intends to incorporate tutorial videos in classroom exercises and business meetings. The tool will boost know-how inside the military and be a driver of blockchain disruption from the inside.
AFIT partnered with SecureMarking and the University South Dakota Beacom School of Business to develop a supply chain scenario and a blockchain application around it. According to News BTC, the scenario involves an Air Force program manager issuing digital tokens which are assigned to components and then transferred from one company to the next in the blockchain. Only the Air Force program manager has full visibility to all components in the supply chain, but suppliers are able to add additional information.