Intro

Since we are presenting the review of Storj for the second time, there is an introduction in SpaceChain.

Founded in 2017, SpaceChain is a community-based space platform that combines space and blockchain technologies to build the world’s first open-source blockchain-based satellite network, allowing users to develop and run decentralized applications in space.

The SpaceChain operating system will be available to anyone, anywhere in the world, all while remaining secure and immutable through proven blockchain cryptography. In doing so, SpaceChain’s vision is to remove barriers and allow a global community to access and collaborate in space.

How does it work?

SpaceChain launched its first Low Earth Orbit (LEO) satellite into space on Feb 2, 2018, and it is more cost efficient than its geo-stationary (GEO) counterparts. The satellites are used as blockchain nodes for data processing, transmission, in-space data storage and application development. SpaceChain also integrates with Qtum to provide the basic service API for smart contracts and blockchain application.

Built upon that, SpaceChain’s open-source operating system (SpaceChain OS) provides the main blockchain application sandbox for developers to utilise for rapid and secure development, testing and deployment of space-based applications — similar to a mobile app development platform.

Companies that wish to develop their own space-based applications will no longer need to launch their own satellite. They can tap on SpaceChain’s satellite network instead. This maximises investment and resources by making space-app development more cost-efficient.