When it comes to a fully authenticated and transparent network, Blockchain has emerged as a great utility. This is why it’s being used across sectors wherever accurate insights and transparency is indispensable. From finance, banking, logistics, administration to even space-based applications, it is being integrated with advanced tech for next-gen solutions that are secure, reliable and can’t be tempered with.
Singapore based SpaceChain is a pioneer in satellite blockchain technology and has received support from the European Space Agency to develop new commercial use-cases.
Last year, SpaceChain partnered with Spire Global to discover and demonstrate the feasibility of Blockchain computation in space, incorporating Spire’s AI-embedded supercomputing module to fulfil a two-part mission. In January this year, SpaceChain sent the world’s fastest EVM blockchain into orbit.
During the Covid pandemic, decentralization, resilience, and precision emerged as some of the vital takeaways. Be it supply chains, system processes or workflows, everyone is keen on Blockchain integration as it offers a unique advantage in terms of authentication and validation.
“Blockchain demonstrates transparency in supplies and vendor participation throughout the process. We have begun to view the concerns for supply chain management that occurred during the pandemic and our services can assist in boosting that transparency for chain custody, be it goods, capital or the internal outflow of the supply chain management process”, says Zee Zheng, CEO, SpaceChain in an exclusive interview with Geospatial World.