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Blockchain

SpaceChain Executes First Multisignature Blockchain Transaction in Space with GomSpace Hardware

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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.

In December 2019, SpaceChain launched a testbed for blockchain multisignature authentication service to the International Space Station (ISS) aboard a SpaceX Falcon 9 rocket via Nanoracks.

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.

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.

“Executing the multisignature transaction in space encapsulates our continuous efforts in building out an open-source blockchain-based satellite network that is secure and immutable,” said Jeff Garzik, SpaceChain co-founder and CTO. “SpaceChain aims to be the one-stop solutions provider for the integration of blockchain and space. As we continue to identify more use cases for blockchain-based satellite networks in space, we hope to bring blockchain to mass adoption.”

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SpaceChain has conducted stringent testing to ensure robust and reliable connectivity between the blockchain hardware in space and land-based infrastructure on Earth. With the added remoteness and security of space infrastructure, new digital products can be built upon the technology and use cases identified for digital banks and fintech companies.

Upon initiating the multisignature transaction, the encrypted data was transmitted securely through a ground station to the ISS, which holds a private key to verify and approve the transaction.

“It’s an incredible honor to be selected by SpaceChain as the main supplier for its blockchain hardware wallet. The success of the first multisignature blockchain transaction in space demonstrates the onboard computer’s capabilities in supporting decentralized constellations in space with unparalleled data processing performance,” said Niels Buus, CEO of GomSpace. “This milestone has built momentum for the use of space systems and services in the commercial market, and we are excited to further integrate our innovative technologies to help SpaceChain achieve its goals in space and beyond.”

SpaceChain’s added security and resilience for integrated space and blockchain technology will provide a solid base for building out future solutions, as it continues to explore and develop applications based on its platform in collaboration with reputable and best-in-class alliance partners.

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PropW Announces Gold Sponsorship at WOW Summit Thailand

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Eric Trump to Speak at Bitcoin’s largest conference in Abu Dhabi this December

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The Bitcoin Conference has announced Eric Trump as a keynote speaker at its upcoming Bitcoin MENA event, to be held from December 9-10, 2024, at ADNEC Centre in Abu Dhabi. Eric Trump’s participation signals a significant milestone for Bitcoin MENA 2024 bringing a wealth of business acumen and leadership experience to the growing bitcoin adoption in the Middle East. 
Following Donald J. Trump’s appearance at Bitcoin 2024 in Nashville this July, The Trump family has shown increasing support for Bitcoin as a way to combat inflation in the U.S..
Eric Trump’s involvement underscores the conference’s growing influence and highlights Abu Dhabi’s emerging role as a central hub in the global Bitcoin economy. As a prominent figure in both business and politics, his insights are expected to resonate with the conference’s focus on Bitcoin’s role in shaping the future of finance in the region, and draw considerable attention from global media and influential business leaders. 
Other notable personalities confirmed to attend the Abu Dhabi edition include Prince Filip of Serbia, Saifedean Ammous, author of The Bitcoin Standard, and Abdulla Al Dhaheri, of the Blockchain Centre Abu Dhabi. This announcement is another step to further solidifying Abu Dhabi’s status as a leading player in the “New Gold Rush” for digital finance. 
With a wealth of energy resources, substantial financial reserves, and a forward-thinking approach to innovation, the UAE is strategically positioned to lead the next phase of global Bitcoin adoption. The UAE’s recent move to introduce zero VAT on Bitcoin gains, is one among many progressive rulings to position the region as a prime destination for Bitcoin innovators, investors, and businesses. With top global and regional voices set to ignite the Bitcoin community with breaking announcements, Bitcoin MENA will offer attendees unparalleled opportunities to network with industry leaders and explore technologies and innovations from across the Bitcoin ecosystem. From exclusive VIP experiences to dynamic expo halls, the event is set to be a defining moment for Bitcoin adoption in the Middle East.

The post Eric Trump to Speak at Bitcoin’s largest conference in Abu Dhabi this December appeared first on HIPTHER Alerts.

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Mauritius Financial Services Sector Report 2024: Competitive Environment, Local and International Influencing Factors, Industry Associations, Outlook, Industry Value Chain

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