European Commission Plans to Use Blockchain Solutions for Its Defense Program
Since the innovative blockchain technology has found its application in almost every industry, it is now eyeing the European defense Program. Using innovative blockchain concepts, the European Commission calls for future-oriented defense solutions.
On Tuesday, March 24, European Defense Industrial Development Program (EDIDP) tender includes a list of 42 major products asking the small and medium scale enterprises (SMEs) to provide innovative solutions that can drive innovation and adapt changes for defense and civil purposes.
This program plans to accept additional proposal relating to "infrastructure, based on real-time cloud and on-premise digital twin benefiting from blockchain technologies’ robustness.”
The Digital twin means any digital copy of a physical product or a system. Getting the Digital twin on the blockchain will allow companies to retain all information about the products and verify and thus verify the place of manufacturing and other records. This will help the authorities to determine the products legitimacy and genuineness.
The primary objective of this project is to improve the existing military logistical needs like supply chain, logistics, maintenance, and energy consumables.
All the successful proposals will likely receive a grant of 254 million euros budget issued by the European Commission to continue developing and innovating all the defense products and services.
These proposal should include detailed case studies and designs that offer the ability to adopt different technologies for defense ultimately leading to products that are effective and cost-efficient for military use.
The use of blockchain technology in the defense sector has been on a rise. A number of powerful economies like the U.S. and France are implementing blockchain technology in their programs.