🛰How Web3 could potentially disrupt the space industry 🔗
For most people, space remains synonymous with 1960s era government programs and continues to evoke the aura of mystery and wonder that surrounded humanity’s earliest forays beyond our planet. For a multibillion-dollar commercial industry, the sector is something of an enigma. Birthed amidst the rivalry and secrecy of the Cold War, it struggled to shake off its government/military roots and gain broader acceptance as an accessible enterprise domain for private investment and use.
The advent of a competitive commercial space economy has altered this dynamic dramatically. Companies like Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin design and operate launch vehicles privately. Moreover, joined by Amazon Web Services (AWS) and Microsoft, they now offer dedicated Ground Station as a Service (GSaaS) solutions for Low Earth Orbit (LEO) missions.
While enterprise entry has significantly lowered cost and simplified complexities in the industry, fresh fears over monopoly, data misuse, and lack of accountability have come to the fore, highlighting a potential use-case for decentralised computing in the GSaaS segment.
What is GSaaS?
Ground station as a service is a novel offering from cloud providers that enables satellite operators to send and receive data from LEO satellites. The primary advantage of this option is that it avoids the prohibitively high expenditures (usually in the billions of dollars) associated with creating a dedicated ground station for missions. By utilising a GSaaS solution, operators can concentrate their efforts on developing the satellite and application layer rather than building infrastructure for relayed data storage and computation.
Can blockchains improve current GSaaS models?
Our recent partnership with Sfera technologies offers a glimpse into the future role of blockchains in the space industry. Sfera’s Ephemeris protocol represents a bridge between space companies and end-users of LEO satellite data, including weather forecast companies, environmental agencies, agriculture firms, and much more. To do this effectively, Ephemeris will enable decentralised computing and data storage by supporting a virtual ground network and a data processing layer. This layer will integrate our compute platform and disseminate workloads across hardware on our global network.
This will effectively democratise the GSaaS industry since anyone can contribute hardware for file storage, computations, analytics, and earn revenue.
Our network will play a vital role in realising this goal as a decentralised and scalable compute platform with thousands of globally distributed nodes offering infrastructure solutions for enterprise and public needs.
The integration with Ephemeris will enable users to sell idle hardware capacity on our network for space data computation. The benefits of this are twofold. First, individuals can profit from leasing hardware when not in use. Second, GSaaS will become more transparent and responsive to widespread concerns rather than remain the exclusive domain of governments and large corporations.
Distributing space data computation across a vast network will face several challenges. Notably, network latency, security, and reliability are among the critical issues that must be resolved to achieve this aim. Blockchains are highly secured and resilient, holding unalterable and cryptographically protected information. The key to strengthening network reliability is participation, by joining our network and partnering with us, you provide us with a more robust and scalable network capable of taking on increased workloads and reducing the current (and risky) overreliance on hyper-scale cloud service providers.
Join our pilot phase
Our pilot test is designed to assist in validating hardware compatibility prior to deployment. As a buyer, you’ll get free compute for a specified period for assisting us in optimising our platform before its rollout later this year. By partnering with us, you join us to create a resilient and scalable compute infrastructure. Our ecosystem is growing rapidly, and we’d love to collaborate with you whether you are interested in buying or selling spare compute resources.
Cudos is powering the metaverse bringing together DeFi, NFTs, and gaming experiences to realise the vision of a decentralised Web 3.0, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.
Originally published at https://www.cudos.org.