Space Blockchain Application: Carrying SpaceX to “Go to Heaven” for many times, and double insurance for commercial use

What are the potential applications of space technology in the blockchain? Will it become a typical case of space commercial use like GPS technology to benefit global users?

Coin World-Space Blockchain Application: Carrying SpaceX to "Go to Heaven" for many times, adding double insurance for commercial use

Fighting the stars and the sea has become a hot spot this summer, and several major global commercial aerospace companies are embarking on a fierce competition.

Virgin Galactic ran Blue Origin for the first time to complete the “space travel” of ordinary people. Space fanatic Elon Musk posted a message on social media saying that he wanted to use Dogecoin to participate in the space program of Virgin Galactic and Amazon. His commercial space company SpaceX has also accelerated the launch of rockets. In June this year, SpaceX has successfully completed 4 launch missions.

In fact, apart from Blue Origin, both Virgin Galactic and SpaceX are very friendly to cryptocurrencies. Virgin Galactic supports Bitcoin to pay for space travel. The founder and several executives are also Bitcoin fans. SpaceX founder Musk He is also a well-known cryptocurrency opinion leader. According to foreign media reports, SpaceX cooperated with a blockchain project called SpaceChain in its two launches in June, and successively brought two blockchain nodes into space.

What are the potential applications of space technology in the blockchain? Will it become a typical case of space commercial use like GPS technology to benefit global users? In this article, PANews will review and take a look at the development history of the combination of blockchain and space.

Coin World-Space Blockchain Application: Carrying SpaceX to "Go to Heaven" for many times, adding double insurance for commercial use

Note: SpaceChain deploys the Ethereum node to the International Space Station for the first time on a SpaceX rocket. Source: NASA

Launching 5 nodes in 3 years, the space blockchain technology is becoming more mature

Behind space has gradually become a “hot battlefield” of competition, how “savory” is this business? Morgan Stanley once predicted that the value of the space industry is expected to exceed $1 trillion by 2040. Faced with such a promising space market, adventurers in all fields want to get a share of this economic high-speed train. According to statistics from the US “Space” website, in 2020 alone, there will be 114 global space launch missions, of which the launch success rate is as high as 92%.

In the space race, the idea of ​​blockchain “going to heaven” has actually been tried by many companies. For example, Bitcoin technology company Blockstream provides space services by renting existing satellites; blockchain technology company ConsenSys acquired the asteroid mining company Planetary Resources to explore space. In addition to these start-ups, for example, the banking giant JPMorgan Chase is also testing blockchain payments between space-Earth orbiting satellites in order to complete IoT payments in a completely decentralized manner.

However, it is not easy for the blockchain to “go to the sky”. From development to launch, it is not only expensive, but it also takes months or even years to complete various ground tests, certifications, and system construction, even if the launch is successful. , And then you need to face several months of on-orbit testing. Even so, the probability of success is not guaranteed to be 100%. So, why are there still many companies still trying to develop space blockchain technology? For the blockchain, what is the use of the accelerated space technology? In fact, judging from the fact that SpaceChain has successfully launched 5 space nodes in just over 3 years, it can also be verified from the side that the development potential of space blockchain technology is gaining more and more recognition.

Up to now, SpaceChain, established in 2017, has successfully launched and operated space nodes of multiple public chains such as Bitcoin and Ethereum. After completing the technical verification of the two launch missions in the early days of its establishment, SpaceChain officially entered the commercial application stage of the space blockchain in 2019.

In December 2019, SpaceChain used SpaceX’s Falcon 9 rocket to deliver hardware for operational nodes to the International Space Station during the CRS-19 mission. This is the first Bitcoin node to operate on the International Space Station; June 3, 2021 On Sunday, SpaceChain ushered in its fourth blockchain payload launch. Its space node carried SpaceX’s Falcon 9 rocket into space and installed it on the International Space Station (ISS). This is the first time that Ethereum hardware has been launched on the International Space Station. Technical verification work.

In the early morning of July 1, SpaceChain successfully completed the fifth launch of the successful launch of the Bitcoin payload into space. It was created by multiple projects around the world such as the digital asset management company Nexus Inc., the crypto exchange Biteeu, and the community project Divine. The blockchain payload of the space node is carried on the YAM-2 satellite platform and launched into space through the SpaceX Falcon 9 carrier rocket Transporter-2 mission, which is executed by the US Loft Orbital according to the satellite platform sharing plan.

From this point of view, in recent years, the combination of space and blockchain technology has continued to develop, and this new route of space commercialization has become more mature, or will usher in further growth.

Bring technology “Going to heaven” and add double insurance to the blockchain

In the 1960s, out of concerns about the network or the paralysis of the entire network due to attacks on central nodes, the U.S. Department of Defense set out to establish the predecessor of the Internet-ARPANET based on a “distributed network. Although it started with decentralization, looking back at the development of the Internet in the past few decades, everything seems to be contrary to the original intention of the past. Various “stuck neck” problems such as privacy leaks and downtime are emerging in an endless stream.

With the advent of blockchain and cryptocurrency, the concept of “decentralization” has been reconsidered and explored. For this concept, technology thinker Kevin Kelly once said in the book “Necessity” that if currency, the most centralized thing in modern life, can be decentralized to a certain extent, then everything can be decentralized. At the same time, he also cited the computer graphics conference in the 1990s as an example. Pixar film co-founder and computer scientist Loren Carpenter came to the scene with a computer flight simulator. At the venue, about 5,000 participants collectively operated this computer flight simulator. “Everyone, like me, is deeply impressed by this scattered, centerless control.”

Nowadays, the potential of decentralization has also been recognized in the development of stumbling, especially the rise of decentralized finance (DeFi), which centralized projects have been replaced by innovative projects. But is decentralization really safe enough? Take DeFi as an example. Although DeFi is a code-driven financial world that reproduces in a decentralized way in the blockchain world, it not only brings huge economic possibilities on the chain, but also unlocks the potential of decentralization, but Judging from the frequent security incidents on various blockchains, the security of decentralization is worthy of further discussion.

In fact, because many decentralized applications are deployed on the centralized server side, which makes the system operation dominance under control, many unexpected uncontrollable factors will be difficult to avoid. This may be why JPMorgan Chase, SpaceChain, Blockstream and One of the important reasons why companies such as ConsenSys are racing to explore blockchain technology in space. From SpaceChain’s solution, one or two can be spied on. As a platform that combines space technology with blockchain, SpaceChain has built the world’s first blockchain-based open source satellite network, allowing users to develop and run decentralized applications in space. Compared with applications based on centralized giant services, the network of SpaceChain satellite nodes is more secure. Data and protocol satellites are directly connected to the satellite. Space multi-signature technology can eliminate potential hacker risks and provide an alternative to the blockchain. plan.

Coin World-Space Blockchain Application: Carrying SpaceX to "Go to Heaven" for many times, adding double insurance for commercial use

Open source demo hardware board SpaceChain Callisto Source: SpaceChain

For example, in the fourth launch of the space node, SpaceChain’s solution brings more on-chain application scenarios for smart contracts. As we all know, Ethereum, which has developed so far, has become the king of the public chain with the largest collection of developers and applications. However, as Ethereum involves more and more fields and more and more applications on the chain, its security will be more and more serious. The test.

By deploying nodes in space, SpaceChain frees space infrastructure from the constraints of centralized ground servers, and realizes the improvement of Ethereum smart contract transmission in terms of efficiency and security. Therefore, after the space node is tested and successfully activated, SpaceChain can help it, such as wallet solution provider Nexus Inc., to further improve its blockchain capabilities and apply it to more businesses such as e-commerce management. At the same time, SpaceChain introduces the highly secure Ethereum multi-signature transaction service in orbit, which can reduce the security incidents caused by the leakage of the user’s private key, while ensuring the security of the use of funds. Of course, because all data is directly transmitted upstream and downstream through a dedicated encrypted communication network, SpaceChain’s space infrastructure will enhance the security of services such as Nexus Inc..

In addition, the commercial exploration of the space blockchain does not stop there. Judging from SpaceChain’s latest launch mission, by verifying the highly customizable capabilities of the blockchain payload, it may bring more cross-industry business application cases, which will meet the needs of different industries. For example, after SpaceChain’s Bitcoin hardware wallet application is integrated into the system by Nexus Inc., it can provide customers with more secure multi-signature transactions, and can also apply Bitcoin and Ethereum blockchain to its asset custody and e-commerce Product suite and data security and other functions; and thanks to the space node launched by SpaceChain, Biteeu will be able to process encrypted currency transactions across multiple blockchains and perform multi-signature services. At the same time, based on the remoteness of SpaceNode and the advantages of end-to-end encrypted satellite communications, Biteeu can also improve customer data protection and transaction security in a variety of ways without being interfered by centralization, and exclude ground servers from trading in digital currency. Time uncertainty. After completing the software and hardware tests in November this year, Biteeu users will also be able to authorize Bitcoin multi-signature transactions through multi-signature wallets in space. To put it simply, Biteeu has deployed a more secure space infrastructure through SpaceChain, which can greatly improve the security of its own transactions and data backup business, which is the first case in the encryption industry.

Coin World-Space Blockchain Application: Carrying SpaceX to "Go to Heaven" for many times, adding double insurance for commercial use

SpaceChain and Biteeu cooperation case source: Biteeu

Judging from the fact that SpaceChain has helped multiple projects to achieve wider applications and richer application scenarios through “space as a service”, the potential of space technology in blockchain business innovation is worth exploring.

National aerospace agency grants funding, focusing on new blockchain aerospace technology

In addition to using aerospace technology to create many new commercial application cases in the blockchain field, on the other hand, blockchain technology can also be applied to the aerospace industry to improve efficiency and reduce costs for the aerospace industry.

At the same time, national-level space agencies have also begun to pay attention to the application of blockchain in space. In 2019, the European Space Agency released a white paper discussing the possible application of blockchain in Earth observation, because users can share data. As the blockchain enters outer space, its ability to tag spacecraft and payloads is the key to its success, which may help future large-scale space projects, such as the international cooperation gateway space station that NASA hopes to build on the lunar orbit.

Established in 1975, the European Space Agency (ESA) is an intergovernmental organization dedicated to space exploration and has 22 members. It is also open to provide financial support to start-ups in the aerospace field. Among them, SpaceChain UK, which was established by SpaceChain in early 2019, has two projects that received ESA financial support. One is a distributed satellite network node project that supports secure and multi-signature. SpaceChain completed the first multi-signature blockchain transaction in space with the support of the European Space Agency. Through the blockchain hardware installed on the International Space Station (ISS), SpaceChain pays 0.001 BTC to two Bitcoin addresses. The entire transaction process includes the transmission of encrypted data through the ground station to the International Space Station (ISS), which uses a private key To verify and approve transactions; the other is the DSA distributed satellite application project, which develops a blockchain-based space remote sensing data application platform, and will use the blockchain technology to complete the platform of space remote sensing data applications for the first time, reducing the application Threshold, the use of blockchain technology to omit the intermediate links of the application, allowing users and service providers to directly link.

In the space application of blockchain, SpaceChain is developing distributed satellite infrastructure (DSI) and de-distributed satellite application platform. Among them, DSI aims to use blockchain technology to protect information security and simple and transparent financial auditing capabilities to jointly build satellites belonging to different subjects to provide stronger satellite application services, and truly realize 1+1>2 space Improved the efficiency of infrastructure construction.

These technological breakthroughs have also attracted the attention of other national aerospace agencies and new technology innovation agencies beyond ESA to the blockchain. For example, SpaceChain has won the Singapore Aerospace and Technology Co., Ltd. (SSTL) and Kazakhstan Aerospace Industry (KAZCOSMOS) in technological innovation. ), the United Kingdom Space Agency (UK Space Agency), the British government agency Innovate UK (Innovate UK), and the Enterprise Singapore (Enterprise Singapore), which have been or are negotiating for the recognition and support of cooperation agencies.

Enterprise Development Agency of Singapore and Innovation UK also jointly funded SpaceChain and its partners 440,000 pounds at the end of 2020, and provided R&D equipment and resources, aiming to jointly develop distributed satellite infrastructure (DSI) for the block The core payload of the chain provides research and development power, allowing the satellite to directly execute mission instructions from different customers in real time.

Of course, SpaceChain has also conducted in-depth cooperation and exploration in technology and other aspects, such as cooperating with Core Semiconductor to develop and produce open source hardware for satellite positioning systems, and cooperating with Elecnor DEIMOS to develop an e-commerce platform to provide financial service systems, etc…

In the new round of space race, Musk believes that mankind should look for a Plan B. If the earth is hit by an asteroid, mankind can have other living space. This is also true in the blockchain field where there are many uncontrollable risks in ground servers. Space blockchain projects can add “dual insurance” to the blockchain system through space nodes, or innovate more blockchain commercials in the future Build a safer protective wall.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/space-blockchain-application-carrying-spacex-to-go-to-heaven-for-many-times-and-double-insurance-for-commercial-use/
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