This week saw SpaceX launch the 22nd CRS-22 (commercial resupply services) mission for NASA. June 3rd witnessed a Falcon-9 Rocket propelling a Dragon capsule to orbit. It carried over 7,300 pounds worth of cargo to the ISS (International Space Station).
The cargo comprised hardware, which can be used to update the supplies and laboratory orbiting the power system to facilitate scientific research in microgravity. On June 5th, Dragon docked to the International Space Station Harmony module. There were also thousands of squids and tardigrades to the space station.
The supplies delivered by the CRS-22 mission contained the first ETH crypto node, which will be used to operate the ISS. ETH is the most popular P2P crypto distributed between computer networks running nodes (a software) that keeps track of transaction details within the blockchain network.
SpaceChain owns the node and is becoming the first company to develop the first open-source blockchain-based satellite network used for decentralized applications and infrastructures. SpaceChain shared its delight in the development. The company stated that the mission is already made possible by the venture named Nanoracks and its Space Act Agreement established with NASA. It marks SpaceChain’s 4th blockchain payload launched into orbit. More importantly, it is the first demonstration of ETH tech integration in ISS hardware.
Nexus Incorporation, a well-known virtual asset management company, will become the first customer of SpaceChain with direct access to the ETH node. Zee Zheng (CEO and Co-Founder of SpaceChain) stated that the team is thrilled to bring the ETH platform to space. They are happy to validate the motivation behind decentralized satellite infrastructure prepared with space-based techs to realize the optimal potency of blockchain-based apps.
The company launched a payload for BTC in 2019, and two years later, SpaceChain is launching the second-gen payload with ETH. Both cryptocurrencies are the two biggest projects in the blockchain circuit. ETH’s smart contract proceedings with enhanced immutability and security allow more developers and users to get involved with the tech.
After the node is activated, it will allow SpaceChain users to widespread blockchain competency and improve the ETH transactions for enterprise business. Jeff Garzik (CTO and Co-Founder of SpaceChain) stated that running ETH in space means improved immutability and safety to develop DeFi apps and transact virtual assets. Both blockchain technologies and ETH are inherently decentralized. Integrating the tech will address vulnerability and security concerns faced by centralized Earth servers. It will unveil new prospects for additional commercial uses as well. Given the prestige of the involved parties, the development is expected to be a major hit.
SpaceX recently launched its 22nd CRS-22 mission for NASA. It involved a Falcon 9 rocket-propelled in orbit on June 3rd and 7,300 pounds worth of cargo supplies. The launch will deliver the first ETH space node, too, and is expected to help the sector in the long run.
