Over the past year at SpaceChain, accomplishments have been profound across all of our business sectors ━ and we even created a new one.
2022 has been anything but ordinary. Starting in January, we successfully launched a blockchain node into orbit from the Kennedy Space Center onboard a SpaceX Falcon 9 rocket. That mission was
the first of two for our customer Velas Network AG, and marked our sixth successful blockchain payload launch into space.
Before 2022 came to a close ━ and on the heels of our previous launch with Velas ━ SpaceChain successfully completed Mission 2. November 26, 2022 marked our seventh successful blockchain payload launch to space, but more significantly, this one also installed at
NASA’s International Space Station (ISS), making SpaceChain the only company in the world to now have three successful operating blockchain servers at the ISS.
Control Your Key ━ Multisignature Wallets
We have observed the main characteristics that make our industry especially vulnerable to contemporary
cyberthreats.
First is the increased number of threats and actors that target a growing crypto surface. Second is the sector’s interdependencies on the vulnerabilities of public connectivity and terrestrial infrastructure. Security of access to data and digital wallets is a pressing issue within both Web 2.0 and Web 3.0 infrastructure
To
address threats from unauthorized users, SpaceChain developed a solution to keep the key more secure, adapting blockchain innovations such as multisignature wallets and physical detachment, thus placing nodes into orbit.
The idea of being physically detached from terrestrial infrastructure has become an essential part of securing sensitive data using Low Earth Orbit assets. This notion of separation is at the core
of SpaceChain’s strategy for product development in 2023.
Goals for 2023 ━ Focus on Recognizable Treads
Last year’s achievements centered around deployment of space nodes and the significance of Multisignature wallets. For 2023 we have identified an industry trend ━ integrating satellite access protocols into user’s
mobile devices. Because of the vast array of possible combinations, mixing Web 3 protocols ━ open standards for space applications can now be in the hands of the majority of consumers.
Beyond Our Space Nodes
SpaceChain’s 2023 goal is to deliver vertically integrated, decentralized satellite infrastructure from the ground up. Our current development of a portable handheld device to enable digital asset transactions via direct satellite communication is a key part of
this. This device is being designed to enable quick, secure transactions from anywhere on earth.
Our Continued Appreciation ━ Thank You
Last year’s excitement around our successful space missions is likely to give way to an even more promising 2023, and we would like to take this opportunity to recognize and extend our deepest gratitude to our
customers, vendors, the SpaceChain Team and our supporters; who have worked together making 2022 a meaningful experience.
It is with this appreciation that we enter 2023 aiming to meet the big challenges and resolve opportunities ahead of us. Thank you.
