The first Blockchain running on nodes in space
We are proud to be the official Blockchain Partner of the Accubits Technologies ChainSat project.
CHAINSAT is a low earth orbit satellite developed by Accubits Technologies to establish an enterprise blockchain ledger. This will enable a secure transactional network for next-generation enterprise blockchain applications. It facilitates a secure communication channel for enterprise consortium communication without any need to depend on the internet. Communication with the satellite will be established with UHF Telemetry with 115 kbps data and S-Band payload Transmitter with up to 5 Mbps data and an experimental X-band transmitter with up to 150 Mbps data. The satellite will have an onboard data storage of 4TB in space hardened memory modules.
Blockchain technology offers unparalleled security and trust among the users. Especially since it is not centrally controlled and it cannot be hacked, or manipulated. For a majority of business applications on blockchain, a secure interface between the blockchain ledger and network participants is required. However, the currently existing communication channel – the internet – does not satisfy the security requirements demanded by companies. Due to the same reason, business adoption of blockchain technology is in its early stages. Chainsat aims to fix this problem by facilitating an off-grid network for Blockchain transactions, that bypasses the terrestrial internet. Using Chainsat, the participants in the enterprise blockchain network can access the decentralised ledger via direct satellite communication.
- Date : 23rd of August 2021.
- Satellite launch vehicle : The company is currently in preparation with Elon Musk’s SpaceX