 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by Staff Writers Cape Canaveral FL (SPX) Dec 05, 2019
SpaceChain announced that its blockchain hardware wallet technology is on its way to the International Space Station (ISS), aboard a SpaceX Falcon 9 rocket as part of today's CRS-19 commercial resupply service mission. This is the first technology demonstration of blockchain hardware on the ISS, and it will be installed in Nanoracks' commercial platform on Station. Today marks the third blockchain payload launched into space by SpaceChain in the past two years, advancing SpaceChain's vision of a decentralized orbital constellation for fintech and business applications. This ISS demonstration mission was made possible via Nanoracks and their Space Act agreement with NASA. Once activated, the payload will demonstrate the receipt, authorization, and retransmission of blockchain transactions, creating "multisig" transactions which require multiple signatures (approvals) to complete, increasing the security of the operation. All data will be both uplinked and downlinked directly through Nanoracks' commercial platform. SpaceChain's implementation adds the remoteness and security of space infrastructure to blockchain technology to lay the foundation for a new generation of products built on its technology. This milestone underscores SpaceChain's commitment to addressing land-based centralized infrastructure concerns, while accelerating technology advancement, international collaboration, and adoption of space-as-a-service for modern businesses. Earlier this year, SpaceChain was awarded funding by the European Space Agency (ESA) under its Kick-start Activity program, to further develop and identify commercial use-cases for its satellite blockchain technology. By adding space-based payloads to established networks, businesses will be able to enhance the security of the transmission of digital assets that can be vulnerable to cyberattacks and hacking when hosted exclusively in centralized terrestrial servers. "The third payload launch is a significant milestone not just for SpaceChain but also toward the development of the New Space Economy," said Zee Zheng, SpaceChain co-founder and CEO. "The integration of space and blockchain technologies has uncovered new possibilities and opportunities and we are very excited about the prospect of working closely with financial service providers and fintech developers, IoT service providers, research institutions and space agencies in the coming months to further accelerate advancements within the ecosystem." "Blockchain is the next major disruptor in space," said Jeff Garzik, SpaceChain co-founder and CTO. "SpaceChain addresses security vulnerabilities for financial systems and digital assets in the growing digital economy. Through integrating technologies, new paradigms that were once beyond reach can now be created and add exciting elements in the New Space Economy." SpaceChain expects the testing of this payload to be completed by early 2020.
Russian Soyuz-ST to launch OneWeb communications satellites in 2020 Moscow (Sputnik) Dec 04, 2019 Three launches of the Russian Soyuz-ST carrier rocket, including with the UK OneWeb communications satellites, from the Guiana Space Centre in Kourou are planned for next year, a space industry source told Sputnik. "In 2020, three launches of the Soyuz-ST are planned from the Guiana Space Centre," the source said on Tuesday, adding that the launches are planned for the months of February, October and November. In November 2020, over 30 OneWeb communications satellites should be launched into ... read more
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
