Spacebit announces the use of EOS and IOTA blockchain for deep space applications
At the International Astronautical Conference 2018 held at Bremen, Germany, Spacebit – a space exploration startup, announced the first-ever decentralized scheduling ground system. The system will be built on top of EOS blockchain.
The platform is called LinkX, which has been developed by Spacebit in collaboration with the Goonhilly Satellite Earth Station, is expected to roll out in the upcoming months.
Spacebit aims to create a more efficient model for access to low-Earth and deep space communication networks using decentralised ground station networks. The networks are enhanced with distributed ledger technology and smart contracts.
The proposed model of interaction has been designed to lower the barrier to entry, opening new commercial opportunities and stimulating dialogue between academia, commerce, finance, industry and government.
Spacebit is also exploring an IOTA based architecture, to use the Qubic protocol to design IoT enabled space vehicle – to – vehicle communication.
“The architecture of IOTA will be used for specific space-related applications such as an IoT network of multiple space vehicles using Qubic for AI and outsourced heavy computing”.
According to Spacebit, there are thousands of satellites planned to be launched in the next decade and the major limitation will be experienced by the ground control. They aim to lay the groundwork for future commercial space flights.
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.