Goonhilly and Spacebit Partner To Accelerate Commercial Space Exploration Through Blockchain Technology

HomePress ReleaseGoonhilly and Spacebit Partner To Accelerate Commercial Space Exploration Through Blockchain Technology

Goonhilly Earth Station, the UK satellite communications innovator and space Gateway, has today announced that it is collaborating with space blockchain technology pioneers, Spacebit, to develop the use of blockchain technology for space-based data applications and mission deployment. Blockchain technology has the potential to introduce new techniques to accelerate space exploration by creating an ecosystem that fosters access to space data. The partnership is seeking to lower the barrier to entry to access to space communication and application networks.

The Goonhilly-Spacebit collaboration, with initial agreement signed at the Farnborough International Air Show in the UK (FIA18), will result in applications utilising tokenised ground station and spacecraft data, blockchain-based data management, new communications protocols for security and the Internet of Things (IoT), as well as advanced data provenance systems using distributed ledger technology (DLT).

Blockchain technology will allow Goonhilly to create new business models using a decentralized data management system for communicating between spacecraft and ground stations. The creation, management and easy access to data, whilst maintaining security and a historical record of each data transfer, will accelerate the development of commercial space activities.

Blockchain-based systems allow data to be distributed, or decentralized, while maintaining highly accurate records of movement, thereby removing the possibility of data tampering. WhETHer it is used to automate complex sequencing of data in support of spacecraft launches, solving GPS issues or creating systems for inter-space and Earth-to-space communication, blockchain creates the founding principles upon which solutions can be built and accessed at a lower cost by private and public organizations or individuals.

Ian Jones, CEO of Goonhilly Earth Station said, “Exploring the new commercial opportunities in space requires new ways of thinking. Many of the underlying techniques used in blockchain technology have sTron (available on Binance)g parallels in existing secure communication technology. We look forward to working with Spacebit to discover innovative use cases and business models for blockchain-enabled space communications and showing how these might be applied.”

Founder of Spacebit, Pavlo TaNASyuk, said: “Goonhilly shares our passion for exploration, and a disruptive, entrepreneurial approach to business. Today’s partnership is targeted at driving forward new economic models around space communication. We firmly believe space exploration should be available to everyone; blockchain lies at the heart of that ambition and will galvanize the new space economy by laying the building blocks for the automation of space communications and democratizing access to space data and satellite communications.”

About Goonhilly:

Goonhilly is a global communications services hub and satellite station located in Cornwall, UK. It provides a comprehensive range of leading-edge connectivity and operational solutions to the space industry, GEO, MEO and LEO satellite fleet operators, broadcasters, as well as a wide diversity of enterprises seeking to grow their businesses on earth and in near and deep space. Customers include SES, Intelsat, Eutelsat, Inmarsat, and Hispasat, as well as space agencies, governments, broadcasters and others. Having saved Goonhilly from the wrecking ball, since 2014 the partners in Goonhilly Earth Station Ltd. set about building the company from the ground up and rejuvenating the site. Goonhilly has Enterprise Zone status – the government’s flagship programme for technology parks. www.goonhilly.org

About Spacebit: Spacebit is a space blockchain pioneer, led by a team of consultants, asTron (available on Binance)auts, entrepreneurs, engineers and rocket scientists, driven to democratize access to space by tokenising commercial space missions around the Earth, the Moon and beyond. Spacebit is changing the future of space exploration by driving forward publicly directed space missions and new economic models around space communication, allowing private and public enterprises to shape the future of humanity in our universe and the new space economy. http://www.spacebit.com

For media enquiries, please contact:

For Spacebit

Ed Brown

spacebit@pagefield.co.uk

+44 20 3327 4084

For Goonhilly

Cynthia Ritchie

cynthia@whitetigercommunications.net

+44 20 3514 2525

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