Lockheed Martin to Utilize Blockchain Tech to Enhance Its Processes
U.S. defense contractor Lockheed Martin recently announced that it will be working to incorporate blockchain technology into its supply chain and software development processes. In a press release last week, Lockheed Martin revealed that it is working with Guardtime Federal to implement a blockchain solution that should enhance efficiency and security as the firm continues its work for the U.S. government.
According to the company statement,Lockheed Martin Aeronautics' Engineering and Technology vice president Ron Bessire offered a clear assessment of the company’s expectations as it integrates the innovative technology into its processes:
The decision should ensure that Lockheed continues to remain at the cutting-edge of defense technology innovation, and is in tune with the U.S. government’s own growing interest in distributed ledger solutions. 2016 saw that interest increase as the Department of Homeland Security used federal grants to encourage innovation and the government’s own Defense Advanced Research Projects Agency (DARPA) began to explore the technology.