Future of Blockchain Beyond Earth Orbit

Chris Hadfield, one of NASA’s most experienced astronauts, believes that blockchain technology can play a role in the development of the solar system – from installing nodes on satellites to tracking mining on the moon. He spoke about this in an interview with Forkast.

A retired Canadian Air Force colonel and former ISS commander believes space is the next frontier for blockchain. According to him, a new race has begun between the leading powers and private companies.

“If you look at the Chinese space program, or the American, or the Russian, or the Indian, it is a really complex system. If a mistake is made, it could cost lives of people or billions and billions of dollars, ”he said.

According to Hadfield, blockchain acts as a “natural complement” for checking the correctness of processed data – from assembling individual units to launching missiles.

In addition to delivering a crew to low-earth orbit, blockchain is also used for applications in space itself. For example, Crypto Space Initiative, Blockstream, SpaceChain and Consensys Space are launching blockchain nodes into orbit. In 2018, SpaceChain sent a fully functional Qtum blockchain node into space, capable of performing multi-signature transactions and launching smart contracts.

“On Earth, they are beginning to realize that a node can be placed in orbit. This is how the security and globalization of the blockchain can be achieved. Technology is a natural consequence of reduced access costs, increased reliability and an understanding of how everything on the planet can be built, ”says Hadfield.

In his opinion, blockchain can form the basis of the mining infrastructure on the Moon with its untold wealth:

“The moon is a terrific market for advanced technology. This is a great opportunity for blockchain. Now hardly anyone can predict with confidence all the prospects that will be opened in the future. “

Chris Hadfield has been in space three times – in 1995, 2001 and 2013. World fame was brought to him by the performance on the ISS of David Bowie’s “space” hit Space Oddity.

Recall that in 2019 the European Space Agency allocated a grant of 60 thousand euros to the startup SpaceChain to launch a satellite blockchain network.

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