Here’s something interesting, according to Yahoo Finance, Singapore-based blockchain company SpaceChain has launched its bitcoin wallet into space:
Blockchain company SpaceChain has successfully launched its Bitcoin hardware wallet into space.
The wallet has officially made its way to the International Space Station (ISS) and is now orbiting the Earth at five miles per second. It flew there on a SpaceX Falcon 9 rocket as part of a commercial resupply mission.
This marks the first piece of blockchain hardware to be installed on the ISS. It will be installed on NanoRacks’ commercial platform on board the station.
Once its activated, the platform will denote the receipt, authorization, and retransmission of transactions. It will also have an added layer of security by using ‘multisig’ transactions, where multiple signatures are needed before a transaction gets approved, in addition to the “remoteness and security” of space!
“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,” said Zee Zheng, co-founder and CEO of SpaceChain.
Photo: Public Domain
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