{"id":510072,"date":"2018-06-17T20:41:03","date_gmt":"2018-06-17T20:41:03","guid":{"rendered":"http:\/\/coinhash.co\/blockchain-in-space-starting-to-boom-yes-really\/"},"modified":"2018-06-17T20:41:03","modified_gmt":"2018-06-17T20:41:03","slug":"blockchain-in-space-starting-to-boom-yes-really","status":"publish","type":"post","link":"https:\/\/www.free-ebooks.net\/crypto\/blockchain-in-space-starting-to-boom-yes-really\/","title":{"rendered":"Blockchain in space starting to boom (Yes, really)"},"content":{"rendered":"
I keep telling you. Blockchain will be used for everything.\u00a0<\/div>\n

In space, it’s important to have a distributed ledger (database) that is immutable and secure.\u00a0<\/p>\n

Perfect place for blockchain technology<\/p>\n

Blockchain in space starting to boom (Yes, really)<\/h1>\n
by Doug Mohney<\/a><\/span>May 1, 2018<\/a><\/span>Leave a CommentBlockchain in space starting to boom (Yes, really)<\/span><\/a><\/span>Hot Topics<\/a>, Space IT<\/a><\/span><\/div>\n

Space companies and government organizations such as NASA and ESA are embracing blockstream as a mechanism to support their businesses and operations all the way from the ground to deep space. \u00a0If you want to combine a love of cutting-edge software technology with satellites and space exploration, blockchain could be the gateway to fulfilling your dreams. \u00a0Companies are incorporating blockchain into satellite Internet of Things (IoT) projects, storing tokens in orbit for safekeeping, and plan to extend blockchain transactions to commercial space stations and beyond Earth for deep space operations and potentially asteroid mining.<\/p>\n

Recently, I touched upon relatively \u201cpure play\u201d blockchain in space<\/a> applications being driven by native blockchain companies. \u00a0You can add ConnectX<\/a> to an ever-growing list of companies incorporating nanosatellites into an architecture for distributing and redeeming their own cryptocurrency. \u00a0Spacebit is running an ICO to fund \u201cdecentralized space operations.\u201d And Miner One<\/a> put a RaspberryPi board<\/a> on a high-altitude balloon to the edge of space to claim a title of \u201cSpace Miner One\u201d \u2014 but they\u2019re following in the footsteps of KFC<\/a>.<\/p>\n

As previously noted<\/a>, part of the relationship between cryptocurrency firm Nexus and start-up launch provider Vector Space Systems<\/a> includes the ability for customers to pay for launches using Nexus cryptocurrency. \u00a0Exactly when someone other than Nexus pays for services using the cryptocurrency is an open question.<\/p>\n

Vancouver, Canada-based Helios Wire<\/a> is putting together nanosatelites, IoT, M2M, and blockchain<\/a> as a part of the \u201cNext Industrial Revolution,\u201d according to the company\u2019s website. \u00a0Helios Wire says its space-based system will be able to provide \u201cefficient and affordable\u201d monitoring, tracking and messaging for as many as \u201c5 billion devices\u201d worldwide. \u00a0Blockchain will enable IoT devices to autonomously engage in transactions with one another via smart contracts, not just be \u201cconnected.\u201d \u00a0Helos says backing up data and blockchain ledgers off-planet also provides more security, and ledgers can be delivered through space-based satellite systems to reach and supplement traditional terrestrial infrastructure. \u00a0The company expects to launch its first two satellites the second half of this year.<\/p>\n

Cloud Constellation Corporation\u2019s SpaceBelt<\/a> data-center-in-space scheme proposes a set of low earth orbit (LEO) satellites \u2014 three storage and nine communications relay satellites \u2014 to provide secure storage and distribution of digital assets. So far, the company has announced agreements to store cryptocurrency, tokens and other blockchain-ish data for SolarCoin and TokenEx, along with interest from Hollywood to securely move daily film shoots between on-site locations and editing suites. \u00a0Cloud is currently seeking a couple hundred million dollars to build and launch its first satellites.<\/p>\n

NASA\u2019s Goddard Space Flight Center<\/a> has discussed using blockchain as a part of a distributed spacecraft mission and for digital \u201cledgers\u201d to confirm operational tasks are successfully performed. \u00a0Using blockchain in combination with AI for decentralized and shared control of data, plus applying it to earth science missions for tasking satellites and working with shared data.<\/p>\n

The space agency is also funding early research to incorporate blockchain and smart contracts into satellite<\/a> debris avoidance. \u00a0The \u201cResilient Networks and Computing Paradigm\u201d (RNCP) will use Ethereum blockchain technology to develop a decentralized, secure, and \u201ccognitive\u201d network and computing infrastructure for deep space exploration. \u00a0 A group of satellites would be able to communicate among themselves to spot space debris and other issues and move to avoid them, enabling them to act autonomously rather than having to wait minutes to hours for Earth to figure out a solution and send up a set of corrective commands.<\/p>\n

Across the Atlantic, the European Space Agency (ESA) is investigating<\/a> blockchain to be applied to everything from satellite communications to procurement as a part of its Space 4.0 concept. \u00a0Like NASA, ESA has generated PowerPoint<\/a> discussing its thoughts. Unlike NASA, ESA\u2019s initial thoughts have gone to speeding up administrative processes \u2014 no mundane task when you\u2019re dealing with \u00a022 countries in Europe.<\/p>\n

Next-generation commercial space advocates and companies are more circumspect about blockchain, but they clearly see the potential the technology. \u00a0NanoRacks CEO Jeffrey Manber<\/a>\u00a0 is an advisor to Singapore-based SpaceChain.<\/a>\u00a0 Manber has been building commercial space opportunities dating back almost two decades, including arranging the first \u201cspace tourist\u201d trip to the International Space Station (ISS). \u00a0NanoRacks effectively owns and operates various bits and pieces onboard ISS, including the station\u2019s cubesat deployer.<\/p>\n

\u201cBlockchain is a very interesting technology,\u201d Planetary Resources CEO Chris Lewicki said. \u201cI can\u2019t tell you what it means. We\u2019re in research mode, understanding the technology, asking [ourselves] if this can produce useful projects for us. \u00a0Stay tuned.\u201d<\/p>\n

Lewick said asteroid mining, the focus of Planetary Resources, is a technology where progress will be measured in \u201cdecades.\u201d \u00a0He\u2019s looking \u201cten, twenty, thirty years out\u201d to figure out what the future might look like. \u00a0Blockchain provides technology for decentralized and trust transactions. \u00a0Smart contracts provide a lot more autonomy in how operations might proceed, a key asset if you are conducting operations 20 minutes at the speed of light away from the planet.<\/p>\n

\u201cIt could be banking, purchasing, or work or selling fuel. \u00a0Put that in a digital trust ledger always propagating back [to Earth],\u201d Lewicki stated. \u201cWe want something designed for the digital age, so we can skip paper-based, central authority transactions.\u201d<\/p>\n

While Planetary Resources works on a timeline of decades to mine asteroids, blockchain may appear closer and sooner in the skies overhead. Axiom Space<\/a> has proposed a privately-owned space station, starting with modules connected to ISS and operating independently from it once ISS is retired. \u00a0Axiom \u00a0VP of Strategic Development Amir Blachman recently spoke at the Alchemist Money Summit about \u201cThe Future of Human Space Exploration and Related Blockchain Opportunities.\u201d<\/p>\n

Blachman declined an opportunity to speak to Space IT Bridge<\/em> in April and suggested I circle back to him in \u201cmid-May\u201d for an on-the-record discussion. \u00a0 Axiom Space is no fly-by-night company; it has a deep bench of executives involved in American human spaceflight and ISS operations, including two astronauts. \u00a0I\u2019m looking forward to talking to Mr. Blachman in the near future.<\/p>\n

\n
<\/div>\n<\/div>\n
This article originally appeared at: http:\/\/www.spaceitbridge.com\/blockchain-in-space-starting-to-boom-yes-really.htm.<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

I keep telling you. Blockchain will be used for everything.\u00a0 In space, it’s important to have a distributed ledger (database) that is immutable and secure.\u00a0 Perfect place for blockchain technology Blockchain in space starting to boom (Yes, really) by Doug MohneyMay 1, 2018Leave a CommentBlockchain in space starting to boom (Yes, really)Hot Topics, Space IT […]<\/p>\n","protected":false},"author":1019,"featured_media":509960,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[100548],"tags":[100567,100607,100637],"class_list":["post-510072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-blockchain-in-space","tag-future-of-blockchain","tag-new-uses-for-blockchain"],"_links":{"self":[{"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/posts\/510072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/users\/1019"}],"replies":[{"embeddable":true,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/comments?post=510072"}],"version-history":[{"count":0,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/posts\/510072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/media\/509960"}],"wp:attachment":[{"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/media?parent=510072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/categories?post=510072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.free-ebooks.net\/crypto\/wp-json\/wp\/v2\/tags?post=510072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}