Lockheed Martin, Filecoin Foundation partner to host blockchain nodes in space

Please fol­low and like us:
Pin Share

Defense con­trac­tor Lock­heed Mar­tin and the File­coin Foun­da­tion have part­nered to demon­strate the Inter­Plan­e­tary File Sys­tem (IPFS) in space, the pair announced on Mon­day at the World Eco­nom­ic Forum in Davos, Switzerland.

See relat­ed arti­cle: File­coin explained: Decen­tral­iz­ing cloud stor­age for Web 3.0

Fast facts

  • File­coin is the eco­nom­ic incen­tive lay­er of the dis­trib­uted stor­age and data shar­ing net­work IPFS and the File­coin Foun­da­tion is the orga­ni­za­tion that facil­i­tates the network.
  • The part­ner­ship hopes blockchain appli­ca­tion in space will reduce the laten­cy between com­mu­ni­cat­ing with nodes in orbit.
  • “We need to devel­op the tech­nol­o­gy to sup­port a long-term pres­ence in space with­out hav­ing to rely entire­ly on Earth-based com­mu­ni­ca­tions and data stor­age,” said Joe Lan­don, vice pres­i­dent of advanced pro­grams devel­op­ment at Lock­heed Mar­tin Space.
  • Most satel­lites com­mu­ni­cate direct­ly with Earth but as humans ven­ture fur­ther into space, the vast dis­tances are expect­ed to cause com­mu­ni­ca­tion delays of up to min­utes at a time, which satel­lites oper­at­ing as data relays intend to improve.
  • Filecoin’s price jumped by more than 2% overnight in Asia before retreat­ing to trade at US$8.15 at press time.
  • The World Eco­nom­ic Forum’s annu­al meet­ing in Davos is usu­al­ly held in Jan­u­ary, but is run­ning from May 22–26 this year, due to Covid-19-relat­ed delays. 

See relat­ed arti­cle: World Eco­nom­ic Forum launch­es dig­i­tal cur­ren­cy info resource



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *