CAPE CANAVERAL, FLORIDA — July 11, 2022 — SpaceChain today announced the completion of the testing of the space node it created for Velas Network AG, which is hosted on an LEO satellite and independent of terrestrial networks. The space node is now capable of delivering the full functionalities designed for Velas, including transaction signatures, smart contract deployment, decentralized finance (Defi) activities and non-fungible token (NFT) minting with the seamless transaction of the Velas Token (VLX).

The space node was installed onto a satellite designed and manufactured by Spire Global, which managed the launch mission on January 13, 2022.

The mission marked SpaceChain’s successful integration of Velas, the world’s fastest Ethereum Virtual Machine (EVM) blockchain and open-source platform for decentralized applications, with its payload. The space node now supports and enables Velas to advance the development and deployment of its blockchain platform, which aims to be one of the most secure and fastest platforms in the industry.

SpaceChain and Velas are extending their partnership to send another space node to the International Space Station (ISS) later this year. Upon installation and testing, the Velas space node will benefit from the secure and conducive environment provided by the ISS to create more space-based use cases over time.

SpaceChain provides a one-stop business solution and space consultancy ranging from technical support to marketing and partnerships for a wide array of space activities. 

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