Blockchain-based research enabled the formation of SIMBA Chain Inc. which has secured contracts worth over £9.11 million, and developed secure messaging and data systems for the US Navy, US Air Force, and the Department of Defense (DoD).

SIMBA Chain have also drafted white papers on blockchain applications endorsed by a sitting US congressperson, which are being used to lobby Congress for wider application.

The business, which was founded in 2017 out of a partnership between Cardiff University’s Professor Ian Taylor and Joel Neidig from the Indiana Technology and Manufacturing Company (ITAMCO), now employs 21 full-time members of staff at their five offices across the world, including five previous Cardiff University employees and research students.

SIMBA Chain is in the process of establishing a UK-based entity within Cardiff with support from the Welsh Government.