In a recent report, the blockchain software firm ConsenSys has acquired the asteroid mining company Planetary Resources Inc to share the deep knowledge of space with the public. As published on October 31, the report stated that the acquisition was completed through an asset-purchase transaction.

Interestingly, with the acquisition of the asteroid mining company, ConsenSys aims to leverage deep space knowledge through the lens of Blockchain. The firm has decided to engage Ethereum smart contracts to share the information amongst the intended public. The initiative will also allow a large community of people to share ideas and solutions to the concerned topics.

Regarding this, ConsenSys Founder, Joseph Lubin has also explained that the team at ConsenSys have always been eager to democratize and decentralize space knowledge amongst its community for the greater good. This will help in tapping the untapped human potential and will serve as a big plus factor for uniting people of similar mindset. On the other hand, Planetary Resources’ CEO, Chris Lewicki, and President, Counsel Brian Israel have also joined ConsenSys after the procurement. The asteroid mining company was used to be known as Arkyd Astronautics since its foundation in 2009. until it was renamed to Planetary Resources Inc, in 2012.

The asteroid mining company targets to mine asteroids apart from supplying small, cost-effective telescopes for Earth observation and astronomy. The company has the support of 30 investors and has successfully launched two satellites into orbits, over the last six months.