SpaceChain has just announced that its blockchain-based hardware wallet tech is now slowly reaching the International Space Station on the SpaceX Falcon 9 rocket which took off yesterday from Cape Canaveral in Florida. In our blockchain news, we are about to find out more about this amazing news.
According to the announcement, this is the first blockchain product on the ISS. The crypto hardware wallet will be integrated into Nanoracks’ commercial platform on the station. However, this is not the first time that blockchain technology has gone into space since SpaceChain has already sent two blockchain hardware units into space thus starting a decentralized orbital network of fintech applications.
The International space station is positioned in the low Earth orbit and represents an artificial satellite that can hose a few crew members. The program was launched in 1998 in a joint effort between the Russian Roscosmos, NASA, Japanese JAXA, European ESA and the Canadian CSA. The blockchain payload was launched on SpaceX Falcon 9 which later deployed SpaceX’s Dragon cargo capsule in the orbit. Shortly after the launch, Falcon 9 landed on SpaceX’s drone ship in the Atlantic Ocean and the cargo capsule is expected to reach the ISS this weekend.
The racket launch is a part of the CRS-19 commercial resupply service mission which means the Dragon is a reusable cargo spacecraft that was created by SpaceX. The US-based space transportation firm was initially founded by Elon Musk. The dragon was launched into orbit by the Falcon 9 rocket in 2010 and this is basically dragon’s 21st mission. The only time when an operation like this failed was in June 2015 when the payload was lost in an in-flight explosion on the rocket.
SpaceChain said that the International Space Station demonstration mission wouldn’t be possible without the help of Nanoracks and its Space Act agreement with NASA. Nanoracks is a private company that helps other companies to place their payload into space. SpaceChain will activate the payload on the ISS to demonstrate the receipt and the retransmission of blockchain transactions which means that the operations will be carried out by creating multi-sig transactions. The company explained:
“All data will be both uplinked and downlinked directly through Nanoracks’ commercial platform.’’
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