The partnership between the space industry and blockchain is mutually beneficial. Conducting transactions via SpaceChain’s decentralized satellite infrastructure (DSI) will provide ultra-security and decentralization to distributed ledger technologies such as the Velas Network. Thus, the blockchain infrastructure is protected against any physical intrusion and regulatory restrictions.
“The new epoch in the development of blockchain technology is right upon us. Humanity needed thousands of years of evolution to reach low Earth orbit. It took about ten years for blockchain to have the first transaction conducted on the low Earth orbit since the moment when the first bytes were transmitted via Bitcoin Network. This blockchain space saga opens up new horizons for both the technology and its users.” – said Farkhad Shagulyamov, Co-Founder and CEO at Velas.
The upcoming collaboration between Velas and SpaceChain is destined for success. SpaceChain will benefit from one of the fastest blockchain technologies ever (with 75,000+ transactions per second). Moreover, Velas will provide SpaceChain with the opportunity to create various cost-effective dApps that will contribute to further space exploration.
“We are excited to be part of such significant leaps in the industry. Velas is currently the third blockchain to engage in this space race and we’re happy to work with such a unique partner as SpaceChain.” – stated Dragos Dumitrascu, Head of Global Partnerships at Velas.
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