SpaceChain has received a £ 440,000 grant to develop a decentralized satellite infrastructure as part of the European Scientific Cooperation Agency EUREKA’s Globalstars initiative.
In addition to the British project SpaceChain, Addvalue Innovation and Alba Orbital will participate in research and development. SpaceChain said it will use the funds to create a blockchain-based system that will display data from satellites in real time. The LEO satellite network is “democratizing” the emerging space industry, giving more opportunities to private firms.
SpaceChain Chief Commercial Officer Nick Trudgen spoke of the scale of space exploration, which requires close collaboration with various organizations. Tragen believes building blockchain-based space applications will contribute to widespread space exploration.
This is not the first time SpaceChain has won grants. Last year, the project received € 60,000 funding from the European Space Agency (ESA) to launch blockchain nodes in space. In August, SpaceChain successfully sent 0.01 BTC to two Bitcoin addresses using special equipment on the International Space Station (ISS) to transfer encrypted data.
Apart from SpaceChain, there are other projects aiming to merge blockchain with space. This fall, Xage began developing a decentralized P2P blockchain-based data protection protocol for the US Space Force (USSF) to accelerate the development of the US military space industry. The US National Aeronautics and Space Administration (NASA) is also ready to use blockchain solutions to transfer information between networked satellites, as well as to ensure the confidentiality of aircraft flight data.
