How Blockchain can Disrupt Space Explorations

Burency Official
Nov 8 · 2 min read

Blockchain technology has been useful in several different industries. The technology has changed so many sectors, such as the healthcare sector and supply chain management. Now, scientists believe that we are approaching new dawn in space exploration.

Space travel offers a chance for the expansion of the blockchain industry. Governments and defense forces no longer have sole reserve over space explorations. As such, private companies are now venturing into space for entrepreneurial purposes. The companies are challenging the traditional space practices using advanced technology, and one such advancement is the integration of Blockchain in the exploration.

Integration of Blockchain in Space

Many private companies are now looking for ways to incorporate blockchain technology into their space explorations. Here are a few examples:

Spacechain and Qtum-

Spacechain, a Singaporean space company, announced its partnership with the Qtum Foundation, which is a developer of open-source blockchain projects in 2018. The two organizations are on a mission to transport blockchain software into space using a satellite called a CubeSat. Users will then be able to build decentralized apps that are compatible with Qtum’s blockchain system.

Space X-

The company is a big name in space innovations and is looking to mesh network of inter-satellite links. The mesh networks will make it easier to utilize Bitcoin nodes globally. Though the mesh networks, users will be able to build a decentralized network infrastructure that is owned by the community.

NASA-

NASA also plans to use blockchain technology to design a secure decentralized infrastructure. This infrastructure will allow the automation of space operations and make it easier to process massive data for their projects.

Blockchain technology has led to some ground-breaking solutions in different sectors. The successfulintegration of the technology in space explorations could be a feat for the space industry.

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