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Technology blockchain, which is gaining more and more popularity in many areas of human functioning, is also used in space. It turns out that it can be used, for example, to track resources during space exploration, as well as for important spatial projects.

Entering into space

There are many indications that in the near future blockchain technology will be used on a larger scale in the space industry, mainly by using satellites as nodes in the chain or as nodes storing data or verifying their correctness.

This vision is very promising, and for the first time blockchain was used in space on a satellite Space Chain belonging to the company Blockstream, and this was in 2018. The project was generally hailed as successful.

It can be assumed that the use of blockchain technology in space will be popularized on an increasing scale.

This is even argued for by the takeover Planetary Resources (asteroid mining company) by one of the larger blockchain companies - ConsenSys.

This is how the company was founded ConsenSys Space, which in turn launched a blockchain-based database called TruSat, used to monitor the position of satellite orbits.

Experts point out that there is currently no public satellite database and the only existing one belongs to the US Air Force.

benefits

Virtually all space sectors could benefit from implementing blockchain technology, including financial technologies, government satellite communications and Internet access.

He is also interested in this issue European Space Agency, as evidenced by the data contained in her published in 2019 document on the potential applications of blockchain technology in Earth observations.

What's more, experts also point out the possibilities object tokenization moving in space such as spaceships. This can be very helpful in planned space projects.

barriers

However, blockchain technology still has a long way to go before being permanently in space.

Regulatory issues require clarification first.

I am talking primarily about form tokens, cryptocurrency and how to ensure adequate data protection. One of the key entities undertaking legal issues related to the implementation of blockchain is The European Union, and there are indications that appropriate steps will be taken in the near future to normalize the issues mentioned above.

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