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Crypto Company Wants to Decentralize the Universe

Posted on the 15 November 2018 by 2ndgreenrevolution @2ndgreenrev

Spacebit wants to decentralize the universe. To achieve this ambitious goal, the company has teamed up with Goonhilly, a satellite communications developer. Together, they want to use blockchain technology to tokenize their space missions, as Goonhilly reported on their website.

For a long time man has dreamed of conquering the universe. Accordingly, private space research has developed into a lucrative sector. One of the best-known non-state space companies is probably Elon Musks SpaceX. But with the possibility of private space travel (at least for the very wealthy among us), the danger of centralizing the commercialization of space also increases. What may sound absurd at first sight, reaches a special seriousness regarding the minerals and metals contained in asteroid belts in priceless value. Spacebit has therefore set itself the goal of decentralizing the universe and is cooperating with Goonhilly to this end.

To the moon is not enough for the Bitcoin revolution

Spacebit is committed to ensuring that everyone can participate in the future of space exploration. So far, this has only been reserved for centralised players such as very wealthy investors. The company employs engineers, rocket scientists, entrepreneurs, consultants and astronauts. They want to try to facilitate space exploration for all users. They use blockchain technology and the Bitcoin revolution to democratize access to space by tokenizing all their commercial missions into space. To carry out the pilot projects, Spacebit uses Goonhilly's network of over 60 satellite antennas.

Goonhilly is a UK-based developer of satellite communications. The company provides a range of space-related connectivity and operational services to commercial outlets and governments. Using blockchain technology, Goonhilly aims to create new space-based business models that include lean management systems for recording advanced data and communication between ground and space stations. Ian Jones, CEO of Goonhilly, says about the cooperation with Spacebit:

"Exploring new commercial opportunities in space requires new ways of thinking. Many of the underlying techniques used in blockchain technology have strong parallels in existing secure communications technology. We look forward to working with Spacebit to discover innovative use cases and business models for blockchain-enabled space communications and show how they can be used."

Everyone should participate in Bitcoin loophole

The results of the cooperation could soon enable us to invest in space expeditions - without having to have millions of Bitcoin loophole our disposal. Spacebit founder Pavlo Tanasyuk explains his company's vision accordingly:

"Goonhilly shares our passion for exploration and a disruptive, entrepreneurial approach to the business. Today's partnership aims to drive new economic models for space communications. We strongly believe that space exploration should be accessible to everyone; Blockchain is at the heart of this ambition and will lay the foundation for the automation of space communications and the democratisation of access to space data and satellite communications, driving the new space economy".

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