SIMBA Chain started working on its first blockchain projects for organizations like the US Navy, Boeing, and other defence contractors. - web3 startup
Ishan Pandey: Hello Dr. Bryan Ritchie, welcome to our series “Behind the Startup.” Please tell us about your background and the motivation behind SIMBA Chain?Before joining SIMBA, I spent about 30 years in the technology and software innovation industries and most recently served as CEO of the IDEA Center at the University of Notre Dame.
It can become quite difficult to keep track of inventories and various parts for such large-scale organizations. We’re talking about billions of dollars worth of manufacturing inputs across supply chains. This is where blockchain can be particularly revolutionary. For example, while working with Boeing, we created a platform to track wing parts for their F/A-18 fighter jets across 400 data points used by the US Air Force.
This can also be applied to healthcare. For instance, how do you share data across various entities and still comply with privacy regulations like HIPAA? Closing data sources limits what we can deliver in terms of technology advancements, but we need to be able to access that data in a way that respects privacy and security needs.
Bryan Ritchie: Web3 has the potential to impact our lives as much as the Internet has. I believe the current stage of Web3 development is similar to the Internet boom of the late 90s and early 2000s. The hype cycle is so similar! For example, there is as much potential and opportunity for real innovative change with Web3 as with cloud computing.
As I previously mentioned, health data management is another great use case for blockchain. This functionality is applicable across multiple subsectors, including population health, life sciences, insurance providers, health providers, and of course, patients. If you look at US healthcare today, less than 25% of health systems can effectively share data beyond their EMR instance.
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