SpaceChain has efficiently despatched a blockchain-enabled payload into area on Thursday aboard a SpaceX Falcon 9 rocket launched from NASA‘s Kennedy House Middle.
SpaceChain will conduct the primary demonstration of Ethereum cryptocurrency know-how integration when the payload is put in at its vacation spot — the Worldwide House Station (ISS). This milestone follows SpaceChain’s in-space demonstration of Bitcoin technology back in 2019.
As soon as put in, examined and activated, SpaceChain will permit clients to make use of the payload for enterprise enterprise transactions and fintech functions. Nexus Inc., a digital asset administration agency with workplaces in Melbourne, Dubai, Kuala Lumpur, and Singapore, would be the first SpaceChain buyer to have direct entry to the blockchain service.
“We’re thrilled in bringing the Ethereum platform to area and validating why a decentralized satellite tv for pc infrastructure created with area applied sciences is significant to realizing the total potential of blockchain functions,” stated SpaceChain Co-Founder and CEO Zee Zheng. “We launched a payload for bitcoin again in 2019 and right now we’re launching our second-generation payload with Ethereum. Bitcoin and Ethereum characterize the 2 largest ecosystems within the blockchain business. With Ethereum’s sensible contract platform working in outer area, it permits us to fortify blockchain functions and transactions with enhanced safety and immutability, and permits extra customers and builders to get entangled with our know-how.”