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Foreign media Tech in Asia Interview: SpaceChain Qtum quantum chain will work together to explore the block chain space journey

Image taken in May 2017, Cube Satellite is being deployed outside the International Space Station. Picture source: NASA

Original from: Tech in Asia

Author: Eva Xiao

From e-commerce to social networking, to cloud computing, the internet service market is almost dotted with giants such as Amazon, Facebook and Google, each owning billions of dollars in market capitalization.

And just 25-year-old SpaceChain co-founder and CEO Zheng Zuoze believes that such industry monopoly is a serious problem for start-up companies want to use blockchain technology to create decentralized applications. SpaceChain, a start-up based in Singapore this April, plans to launch its own satellite as a basis for creating a true decentralized network of Zheng's vision.

Earlier, during an interview with Techin Asia in Beijing, TechCorp, co-founder and CEO of SpaceChain, said: "When people run a so-called decentralized platform, they may still use Amazon's web services And companies like Facebook and Google are even laying their own fiber optic cables, and some blockchain companies may shut down or even refuse to offer Web services if their threat reaches a level that affects big players. Added: "When people start relying on the basic technologies, facilities, and central services provided by these giants, it is almost impossible to achieve true decentralization."

Until now, most of the space satellite industry has also been limited to serving the government and the so-called "game rules business giant." The key reason lies in the cost. Large geosynchronous satellites operating at altitudes above 35,000 kilometers would cost hundreds of millions of dollars to manufacture, maintain and launch.

The presence of small satellites in low-altitude orbit will help to change this situation, so the cube satellites (only about a tissue box size) turned out. Although it is not enough for manned space flight or space travel, its small size and low cost have greatly reduced the barriers to entry into the aerospace field. Cubic satellites, developed by Stanford University and California Polytechnic State University, enable college students to build their own orbiting aircraft.

SpaceChain's microsatellite

 More and more start-ups are entering the aerospace industry. Elon Musk's SpaceX and OneWeb plans to launch their own low-orbit satellite constellation to create a global broadband network. Zheng Zuo believes that making full use of the vast space can play an important role in the development of the blockchain industry.

"I think the blockchain industry needs to back up the system," said Zheng Zuo. "SpaceChain plans to run a server on its own cube satellite that developers can use to develop software applications or store data, and as a result, developers You can have your own project data backup. "

The next generation of blockchain decentralized infrastructure

If everything goes according to plan, SpaceChain will launch its first Cube satellite in February next year. The first satellite will operate on a Qtum quantum chain network. As an investor in SpaceChain, the Qtum Quantum Chains create the world's first PoS-based smart contract platform that enables SpaceChain to plan satellite nodes to run Qtum quantum chains.

Among the many investors and backers of the space chain, billionaire Tim Duncan, the founding partner of DFJ Investment Fund, and the blockchain technology advocate Timothy, believe everyone is familiar. Wheelock's Silicon Valley investment also includes SpaceX, Twitter, Tesla, Baidu and Coinbase.

Zheng Zuo said: "Currently the SpaceChain project is progressing well and the first satellite construction has been completed. The SpaceChain Cube Satellite was designed by Danish nano-satellite design company GomSpace and manufactured by the Chinese satellite manufacturing company ComSat." Zheng Zuo added at the same time : "SpaceChain's open-source micro-satellite operating system dedicated to building allows developers to build and operate their applications, such as tracking shipping containers or taking photos of the Earth, etc. The users of the operating system are not necessarily the ones that are based on the blockchain Application of technology. "

In fact, these use cases are no longer fresh, GomSpace can provide the services to meet the above requirements, and Zheng believes SpaceChain's operating system has a larger audience, providing more software engineers a broader platform.

Space Garha co-founder and CTO Jeff Garzik said: "While traditional satellites can only serve a single application and employer, SpaceChain satellites can run multiple applications in space."

Jordi Puig-Suari, professor of space engineering at California Institute of Technology and inventor of Cube Satellites, said: "When I heard about SpaceChain's vision, I thought it was an extraordinary innovation because it was something that most people did with satellites This is completely different, which will bring endless possibilities for application developers and I look forward to the early realization of this project. "

CEO of SpaceChain, CEO of SpaceChain, and Jeff Garzik , CTO of  SpaceChain

High speed iteration of space block chain test

Although SpaceChain's project is still in its infancy, its ambitions can not be covered. As all of SpaceChain's R & D funds are largely dependent on individual investors, the startup has yet to disclose how much it has raised. In the future, developers can use SpaceCash (token) to purchase storage space on the satellite as well as certain features of the operating system and APIs. While it may sound like it's going to sound hard to create enough profits to keep the satellite's operating costs right now. But for the time being, this is not a top priority.

SpaceChain is not alone in integrating blockchain and satellite technology. Blockstream, a Canadian start-up invested by LinkedIn co-founder Reid Hoffman, launched its own project in August. Unlike SpaceChain, Blockstream renders existing orbiting satellites that have a wider reach. Chris Cook, head of Blockstream's satellite team, said: "One of Blockstream's key goals is to make blockchain technology available to areas that the Internet can not cover."

Since its establishment, Blockstream has covered satellites in Africa, Europe, South America and North America. With satellites connected to Blockstream, users can download data from bitcoin networks and ensure synchronization with their nodes. Blockstream is also committed to developing two-way satellite communications and extending its satellite coverage to the Asia-Pacific region.

"We are committed to turning Blockstream into an open platform where anyone can send data over satellite networks." Chris Cook said: "Blockstream can be used for various purposes, including secure messaging, running public or private chains, and even enterprise applications Different kinds of applications. "

The area currently covered by rented satellites at Blockstream

To be sure, there is a long way to go before Blockstream and SpaceChain, both of whom want to achieve their goals, are not sure at the moment that their projects will succeed. In particular, SpaceChain will have relatively high maintenance costs due to its relatively short lifespan (some even leaving the orbit within a year and requiring new satellites). In addition, Blockstream and SpaceChain are in urgent need of proving to the blockchain community that they are trustworthy, both in terms of security, stability and system decentralization.

Gabriel Chan, architect of the fintech project at Hong Kong's blockchain community and architect at Dappler OS, said: "If the SpaceChain project succeeds, its use of one of its communication stations to connect with its cube-based blockchain network will actually de-decentrate It may not be as good as using existing blockchain facilities on the ground. "

The vast expanse of space is not really "lawless". The satellite launch still needs the approval and support of the relevant state regulatory authorities. However, Zheng is still full of confidence in SpaceChain and believes that once SpaceChain success will dispel everyone's doubts. At present, Zheng Zuosheng actively negotiates with the regulatory authorities across the country and China's regulatory authorities have already approved his request to launch the first satellite in February next year. Zheng Zuo said: "The development of blockchain and aerospace technologies are in line with the Chinese government's strategy of vigorously developing hardcore technology. It is even more an important driving force for promoting the human development process. We hope to seize this historic opportunity and join hands with the two cutting-edge technologies Common growth in the field. "

Zheng for
SpaceChain co-founder and CEO. Zheng graduated from Columbia University with a master's degree in psychology. In the spring of 2016, he graduated from Draper University and was the head of the first space blockchain project in history.

Jeff Garzik
SpaceChain co-founder and CTO. Jeff Garzik graduated from the Georgia Institute of Technology, is a former Bitcoin core developer and cryptographer who is currently a board member of the Linux Foundation and a renowned blockchain developer.