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Planetary Resources’ hardware is going, going, gone

Rich Reynolds, an employee of James G. Murphy Auctioneers, keeps an eye on the thermal vacuum chamber in the machine shop at Planetary Resources’ former HQ. (GeekWire Photo / Alan Boyle)

REDMOND, Wash. — Wanna buy a used thermal vacuum chamber?

If you have a sudden yen to replicate outer-space conditions, it behooves you to check out today’s online-only auction of the hardware left over from Planetary Resources, the Redmond venture that aimed to create a trillion-dollar asteroid mining industry.

But don’t delay: By this evening, everything — from the 10-foot-tall vacuum chamber in the first-floor machine shop, to the dozens of laptops and chairs spread out in the second-floor workspace, to the satellite dish on top of the office building in Redmond — will have gone electronically to the highest bidders.

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ConsenSys sets Planetary Resources’ ideas free

Asteroids game
An Asteroids arcade game from Planetary Resources’ breakroom is among the items to be auctioned off next month. (James G. Murphy Co. Photo)

It’s been a year and a half since the assets of Planetary Resources, the asteroid mining venture headquartered in Redmond, Wash., were acquired by a blockchain venture called ConsenSys. Now we’re finding out what ConsenSys is doing with those assets.

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ConsenSys Space starts satellite-tracking campaign

TruSat satellite tracker
ConsenSys Space says TruSat will let amateur observers contribute to satellite tracking via an app. (TruSat / ConsenSys Space Illustration)

WASHINGTON, D.C. — A year after taking over the assets of a Redmond, Wash.-based asteroid mining company known as Planetary ResourcesConsenSys Space has unveiled its first project: an app-based system that makes use of amateur observers and Ethereum blockchain technology to keep track of satellites.

The open-source TruSat app was released tonight in conjunction with the International Astronautical Congress here in Washington, and is aimed at addressing what’s expected to be a satellite traffic jam in low Earth orbit.

TruSat is an initiative led by ConsenSys Space in partnership with the Secure World Foundation, the Society of Women in Space Exploration and Moriba Jah, a space scientist and aerospace engineer at the University of Texas at Austin.

It’s aimed at analyzing the naked-eye satellite observations that are made by volunteers and submitted via the app, to come up with more accurate information about the orbits of thousands of satellites. Blockchain technology, which is best known as a software-based foundation for cryptocurrencies, would be used in this case to provide transparency about the source of orbital data.

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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.

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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.”

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