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HomeBlockchainSpaceChain Completes EVM Blockchain Testing in Space, Expands Space Functions for Blockchain...

SpaceChain Completes EVM Blockchain Testing in Space, Expands Space Functions for Blockchain Prospects


Investment in R&D to assist cut back house node testing time and allow extra blockchain corporations to harness house as a platform for enterprise innovation

CAPE CANAVERAL, Fla., July 11, 2022 /PRNewswire/ — SpaceChain right now introduced the completion of the testing of the house node it created for Velas Network AG, which is hosted on an LEO satellite tv for pc and unbiased of terrestrial networks. The house node is now able to delivering the complete functionalities designed for Velas, together with transaction signatures, sensible contract deployment, decentralized finance (Defi) actions and non-fungible token (NFT) minting with the seamless transaction of the Velas Token (VLX).  

SpaceChain has assisted quite a few blockchain prospects to deploy house nodes and notice their space-based enterprise operations by its dedication to using house expertise to assist blockchain functions achieve extra software situations. SpaceChain will proceed to put money into analysis and growth to assist cut back the time required for house node testing, broaden software situations, and allow extra blockchain corporations to harness house as a platform for enterprise innovation.

The house node was put in onto a satellite tv for pc designed and manufactured by Spire Global, which managed the launch mission on January 13, 2022.

The mission marked SpaceChain’s profitable integration of Velas, the world’s quickest Ethereum Virtual Machine (EVM) blockchain and open-source platform for decentralized functions, with its payload. The house node now helps and allows Velas to advance the event and deployment of its blockchain platform, which goals to be one of the crucial safe and quickest platforms within the trade.

“Through this mission, the space node helps Velas’ blockchain project realize the digital transaction signature service in space, enabling Velas to execute its space services based on this space node,” mentioned Zee Zheng, SpaceChain co-founder and CEO. “With its independence, physical  security in space and as a trusted third party in blockchain applications, the space node provides impartial third-party reviews, security protection and other functions to further develop blockchain technology. This implementation improves the credibility and security of its internal system, thereby winning the trust of more market users.”

SpaceChain and Velas are extending their partnership to ship one other house node to the International Space Station (ISS) later this 12 months. Upon set up and testing, the Velas house node will profit from the safe and conducive surroundings offered by the ISS to create extra space-based use instances over time.

From launching nodes to enhancing prospects’ platform safety, SpaceChain’s blockchain house mission design and administration makes use of its house and blockchain mission experience and expertise to customise options to fulfill prospects’ various wants.

SpaceChain gives a one-stop enterprise resolution and house consultancy starting from technical help to advertising and partnerships for a wide selection of house actions. With its entrenched expertise and in-depth knowhow in house and blockchain, SpaceChain has collaborated and executed initiatives with a number of the world’s main businesses and organizations within the house sector since 2018, together with Addvalue Innovation, Elecnor DEIMOS, Eurasian Space Ventures (ESV), Nanoracks and Spire Global.

About SpaceChain

SpaceChain fosters decentralized infrastructure for the New Space Economy. By combining house and blockchain applied sciences, SpaceChain is making the event of house functions simpler and making house extra accessible. For extra data, go to www.spacechain.com.

SOURCE SpaceChain


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