Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of space-based data, analytics, and space services announced today a new partnership with SpaceChain, a global space-as-a-service solutions provider developing the world’s first decentralized satellite infrastructure (DSI). Together, Spire and SpaceChain are launching a mission to demonstrate the feasibility of blockchain technology computation in space and resolve land-based centralized infrastructure issues.

Many in the blockchain industry have been working to reduce points of risk whereby a centralized administrator or authority can tamper with, or in the worst case, steal funds and data. One potential solution is to decentralize access by distributing data across multiple centers, countries, and continents. By deploying a solution in space, Spire and SpaceChain aim to maximize data security and increase the resiliency of computing operations.

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