September 20, 2019 by Antoine
SpaceChain, a spatial platform, which is developing a network Blockchain through the use of satellites, has received a grant of 60,000 eur from the European Space Agency (ESA).
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A grant of € 60 000
SpaceChain invest in a project Blockchain shifted, which implements the decentralized network in a space environment. In this perspective, the objective of the company is to exploit the potential of this technology from the registers implemented on satellites, guaranteeing more safety and transparency to the Blockchain public traditionally hosted on platforms of earth.
Recently, SpaceChain has received the support of the ESA to deepen its draft study on the orbit of its Blockchain. This support is reflected, in particular, by a financial grant of the order of 60 000 euros, within the framework of its program ” to Kick-Start activities “.
The security in the sight of SpaceChain
Engaged in the revolution of the technology Blockchain, SpaceChain attempts to optimize the sector by leveraging a network system independent of the internet.
Following the statements of Zee Zheng, the CEO of the company, the objective of SpaceChain would be to create a market that is untouchable by hackers.
“We don’t need access to the internet to perform this kind of transaction, which eliminates many of the potential risks of piracy “, he explains, continuing : we want to use this opportunity to show how the space can be of benefit (to the sector) Blockchain, ” said Zheng.
He added that SpaceChain was planning to make 3 launch over the next 18 months.
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