Categories
GeekWire

How satellites and blockchain go together

Long March launch
A Chinese Long March 4B rocket lifts off from Taiyuan Satellite Launch Center in October 2018. One of the payloads was a nanosatellite equipped with a SpaceChain blockchain node. (CCTV via SciNews / YouTube)

It’s been three months since Planetary Resources, the asteroid mining venture headquartered in Redmond, Wash., was acquired by the ConsenSys blockchain studio — and although the venture currently known as ConsenSys Space hasn’t yet take the wraps off its business plan, another space-centric blockchain venture just might provide some clues.

Singapore-based SpaceChain has been ramping up its activity over the past year, highlighted by the launch of two nanosatellite-based blockchain nodes into orbit aboard Chinese Long March rockets in February and October of 2018.

Get the full story on GeekWire.

Categories
GeekWire

Why did blockchain company buy asteroid venture?

Chris Lewicki
Planetary Resources President and CEO Chris Lewicki talks about the company’s satellite ambitions at the 2014 GeekWire Summit. (GeekWire Photo)

After months of financial uncertainty, the Planetary Resources asteroid-mining venture says its assets have been purchased by the Brooklyn-based ConsenSys blockchain venture.

In a news release, Planetary Resources said its CEO and president, Chris Lewicki, and general counsel Brian Israel have joined ConsenSys in connection with the acquisition. ConsenSys will operate its space initiatives out of Planetary Resources’ former facility in Redmond, Wash.

Further details about the transaction are confidential, Planetary Resources spokeswoman Stacey Tearne told GeekWire in an email.

ConsenSys is a production studio that creates enterprises in a wide range of business areas based on the Ethereum platform for cryptocurrency and other blockchain applications. It has spawned 50 ventures, or “spokes,” including an online poker site, a legal services site and a “transmedia universe integrated with blockchain technology” called Cellarius.

The company’s founder is Joe Lubin, who co-founded Ethereum. Today, Lubin paid tribute to Planetary Resources for its “world-class talent, its record of innovation, and for inspiring people across our planet in support of its bold vision for the future.”

Get the full story on GeekWire.