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SpaceChain Developing Satellite Network to Support Digital Transactions

Friday, Dec 06 2019

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Written by FinTech News Brief Staff

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SpaceChain Developing Satellite Network to Support Digital Transactions

Blockchain hardware is heading to space. SpaceChain sent blockchain wallet hardware to the International Space Station as the company plans to construct low-Earth-orbit satellites to support digital transactions. So reports Fox Business.

SpaceChain’s hardware delivery is the first demonstration project to take place on the ISS. The program will be hosted on commercial platform, Nanoracks, and will be used to show how documents needing multiple approvals can be secured via space.

Read the full article from Fox Business.

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