SpaceChain UK Limited (SpaceChain) today announced the successful execution of the first multisignature blockchain transaction in space, marking the completion of a significant milestone supported by the European Space
Agency (ESA) Space Solutions as a Kick-start Activity. The transaction was performed by SpaceChain co-founder and CTO Jeff Garzik. The transaction slip has been made available for public viewing.
The multisignature transaction was delivered through a blockchain hardware installed on the ISS — a powerful onboard computer supplied by GomSpace that was designed for state-of-the-art data processing.
This milestone advances SpaceChain's vision of creating a decentralized orbital constellation for fintech applications and business transactions as part of the ESA Kick-start Activity program.
The ISS demonstration was also made possible by Nanoracks and its Space Act agreement with NASA. Nanoracks provided the necessary expertise and technology through its Nanolab platform, creating an efficient way for space utilization that is conducive for space research and testing.
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