SpaceChain Weekly Report (December 2 to 8)

SpaceChain is in Florida, US, for the third launch of our blockchain hardware wallet technology. Meanwhile, the technical team was troubleshooting software issues.

ANNOUNCEMENTS

On Dec 5, SpaceChain witnessed the launch of a SpaceX Falcon 9 rocket heading to the International Space Station (ISS). Aboard the payload is our blockchain hardware wallet technology, which will be the first blockchain hardware to be installed on the ISS. 

This will be the first technology demonstration of blockchain hardware on the ISS, and it will be installed in Nanoracks’ commercial platform on Station. This marks the third blockchain payload launched into space by SpaceChain in the past two years, advancing our vision of a decentralised orbital constellation for fintech and business applications.

“The third payload launch is a significant milestone not just for SpaceChain but also toward the development of the New Space Economy,” said Zee Zheng, SpaceChain co-founder and CEO. “The integration of space and blockchain technologies has uncovered new possibilities and opportunities and we are very excited about the prospect of working closely with financial service providers, fintech and Bitcoin developers, IoT service providers, research institutions and space agencies in the coming months to further accelerate advancements within the ecosystem.”

Read the official press release here!

Docking of Dragon cargo spacecraft

Source: NASA Twitter

In the early morning of Sunday, Dec 8, the Dragon cargo spacecraft was successfully captured by the Canadarm2 robotic arm, operated by astronauts Luca Parmitano and Andrew Morgan. The space node will be installed by an astronaut in the upcoming months. 

Once activated, the payload will demonstrate the receipt, authorisation, and retransmission of blockchain transactions, creating “multisig” transactions which require multiple signatures (approvals) to complete, increasing the security of the operation.

COMMUNITY ACTIVITIES

We have been widely covered by numerous media outlets such as CoinDesk and Cryptonewsz over the past few days. If you want to learn more about SpaceChain from a 3rd party point of view, head over here to read the articles!

In the upcoming weeks, we will be updating our progress on testing the blockchain hardware wallet technology. As always, do subscribe to our newsletter to get more of SpaceChain!

 

TECHNICAL PROGRESS

SpaceChain server has been successfully modified for a second round

This week, our technical team has solved the software issues occurred during the last round of tests. We have also modified the user-unfriendly parts. After these modifications, we reperformed the tests on the SpaceChain server and have not found any problems so far.  

 

Check out our weekly report every Monday for SpaceChain’s latest news and progress.

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