The largest defense contracting firm in the world has announced plans to leverage blockchain technology in its operations.
According to Defense News, Lockheed Martin earns more than $40bn in total defense revenue annually for work on everything from ballistic missiles to combat systems.
Lockheed said in a statement:
Ron Bessire, VP for Lockheed Martin, suggested that the goal would now be to use blockchain technology to enhance data integrity, speed up problem discovery and reduce regression testing.
But while details are scarce overall, it's a notable development given the US government's increasing interest in leveraging blockchains for defense purposes.
The new follows an announcement last year that a bitcoin analysis tool was being built at one of Lockheed Martin's facilities.
Lockheed Martin building image via Shutterstock
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