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Token Summit II - Cryptocurrency, Money, and the Future with Naval Ravikant
PRNewswire/ -- The Naval Air Systems Command (NAVAIR) is exploring the use of blockchain to help track aviation parts throughout the parts. A U.S. Navy command is exploring blockchain tech as part of a plan to reduce paper-based processes in tracking aircraft and weapons parts. With software, we have only had abundance, yet with blockchain, we are creating digital scarcity. When you're representing finite resources.

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Register Now. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. The proof-of-concept will be a permissioned chain with a consensus mechanism that NAVAIR says requires less computing power than proof-of-work systems, as used by protocols like bitcoin.