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Mainstream Adoption: Blockchain Satellites

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Blockstream startup started to analyze the concept of blockchain satellites back in 2017 announcing the Blockstream Satellite project.
Big players are adoption blockchain technology for space exploration by sending satellites that will provide the technology to every person on the planet without the need for an internet connection. However, space is not limited to the government sector anymore and as such more and more startups are also looking at the opportunity of entering into the galactic space with their innovation.

Nexus

In collaboration with Vector Space Systems ( Vector ), Nexus provides global access to its digital and stand-alone Internet infrastructure through the Galactic Sky platform defined in a Low – Earth ( LEO ) satellite network. Nexus will launch the blockchain in orbit and bring the dream of a total decentralization closer to reality. Satellites will act as Nexus blockchain nodes, which will form part of the smart contract platform.

Nexus aims to provide autonomous Internet infrastructure through a network of Low – Earth-orbiting satellites.
Also, 20 percent of the block awards are allocated for marketing, as well as for the production and launch of Nexus satellite networks. Nexus builds a new type of blockchain with three separate network security mechanisms.
Also, the team sends space satellites to the hub to create a decentralized Internet and network outside the control of a single unit.
As an innovative leader in the nanosatellite industry, Vector Space Systems have been designed to develop affordable launch capabilities and orbiting platforms.
Larger companies such as SpaceX are focusing on the launch of medium-sized satellites into geosynchronous orbit ( GEO ), but Vector delivers affordable take-offs through the engineering of smaller reusable rocket launches.
Phillip Swazey, who has collaborated with Iridium, a satellite communications company with 72 geolo satellites, is currently designing a 1u preliminary satellite for Phase 1 deployment.

SpaceChain

SpaceChain startup is building the one of a kind open-source satellite network which will run on the blockchain nodes. Zheng Zuo, the CEO of the company says that he truly understands the price of decentralization.

 

BlockStream

Blockstream startup started to analyze the concept of blockchain satellites back in 2017 announcing the Blockstream Satellite project. The company aims to provide blockchain without internet connection to each and every person in the world. The company even performed its 1st transaction back then. The adoption has been rising since then.

 

Blockchain Satellites

There, falling prices for communications and satellite monitoring on the ground, along with blockchain security, will ensure that everything from broadband communication to crop monitoring will be available not only for technical elites but also for the most remote farm, village or machine.
The “smart contracts” with the blockchain can also allow satellites and systems that need their services to negotiate independently and complete transactions from predetermined criteria, such as the price that a customer is willing to pay for a particular image and how quickly they need it.
On January 26, 2019, Twitter users at mid squeeze announced that they had created a messaging service to send text files to Lightning networks via their Blockstream Satellite Client.
Also, cloud storage platforms based on blockchains can also compete with Lightning Network text sharing services.
Bitcoin has been developed in line with the Theory of Nakamoto’s decentralization, in which the use of decentralized cryptocurrencies should be used to eliminate the need for intermediaries or centralized third parties.
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#Blockchain

Adoption: Courts in France adopt blockchain technology

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The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.

 

The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.

 

The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.

 

According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.

 

According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

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HSBC Bank Looking to Expand Blockchain Platform Voltron in South Korea

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HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it's blockchain platform as reported by the Korean Times.

HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it’s blockchain platform as reported by the Korean Times.

 

HSBC Voltron:

The Voltron platform delivers a more quick method to process and settle invoices using by using permissioned blockchain technology. The permissioned blockchain stops the transactional data from being shared with everyone but instead, the data is shared with only consented users. The platform decreases the time that is usually required for the total process.

 

According to Joshua Kroeker, the innovation director of HSBC, the platform would mostly impact the process timing. Thus the transparency which comes with blockchain, as well as the rapid flow, would help the banks in managing their working capital as well as their cash flows. Kroeker reached out to the banks in South Korea to partner with their blockchain platform i.e. Voltron for the letters of credit.

 

HSBC’s blockchain platform was initiated in 2018 and is currently partnered with seven banks namely Standard Chartered, Bangkok Bank, BNP Paribas, ING, CTBC Holding, SEB, and NatWest. The platform is still in its pilot stage however, it shall soon be launched commercially.

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World’s biggest Blockchain ETF on London Stock Exchange

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The world's biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange by Invesco, a large investment management company.

Cryptocurrency enthusiasts around the world have been curiously waiting for a bitcoin ETF to be approved by the SEC or any other potential government in the world. However, before a bitcoin ETF, the world’s biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange. Invesco is a large investment management company that has more than $800 billion in assets under management.

 

World’s biggest Blockchain ETF

At the launch, the Blockchain ETF will invest in a portfolio of forty-eight companies including the CME Group, a US exchange which had earlier launched bitcoin futures on the exchange and Taiwan Semiconductor Manufacturing, a company that supplies crypto mining machines. Other companies are those that have an exposer to the blockchain technology.

 

The Blockchain ETF will be based on a proprietary scoring system made by Elwwod Asset Management LLP. According to Bin Ren, the chief executive officer at Elwood, the blockchain goes past cryptocurrencies. He mentioned that although blockchain technology is mostly being used by financial companies, it will be implemented in a vast range of industries soon.

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