With plans to democratize access to space, Spacebit is making waves in the space exploration industry at the moment with their intentions to enable citizens to participate in directly and benefit from space programmes.
For many, this is an intriguing and exciting project, including us here at Crypto Disrupt.
We managed to get a chance to talk with Spacebit founder and CEO Pavlo Tanasyuk, a graduate of the London School of Economics and Political Science and the University of Cambridge about the exciting Spacebit project, as well as the companies plan for the future!
Welcome and thanks for taking the time to speak to us Pavlo, we appreciate it! Can you first give us a bit of background information on yourself and the Spacebit project?
My degree from Cambridge University has both business and engineering components, and for me combining DLT and space is both a challenge and inspiration.
Spacebit was the first crypto project to be specifically related to space commercialization. There are two major aspects. First, applications of blockchain and DLT for the space industry. Second, usage of cryptocurrency and security tokenization to support future space missions. At Spacebit, we are working on both aspects. We have announced and worked on a number of futuristic projects in the past. However, we have seen that it is not always possible to explain complex ideas. We have learned from that, and our recent and future announcement will be around easy to grasp projects.
Your website highlights the ground segment of the project. Can you go into more detail on this?
Space communication is integral and one of the most critical parts of any space mission. Ability to communicate with a satellite is important to receive and send data to the satellite.
Automation of space communication can help to remove a bottleneck and increase capacity for the future space missions. Hence we believe it is important to sort things on Earth before going to space.
Also, Obit: Links demonstrates the applicability of blockchain technology for future space missions.
Our next projects are satellite and data related; we will be sharing more details soon.
You also mentioned at the International Astronautical Congress in Bremen, Germany earlier this month that the new decentralized ground station scheduling system, LinkX, is now in the beta testing stage? Can you elaborate a little more on this?
LinkX is a part of the ground segment, and it helps to schedule satellite communication and data transmission in a convenient, open and efficient way. Decentralization of mission control will bring more business into the ground segment and will help to fill the capacity of ground stations to a larger degree. Next step would be to offer demodulation services using a decentralized approach, incentivizing stakeholders and creating a stronger ecosystem. Astronautical Congress in Bremen, Germany has demonstrated that industry is ready to accept blockchain as technology as a crucial element for the future space missions.
It looks like the final quarter of 2018 and into 2019 is going to be an exciting time for Spacebit! Can you tell us a bit more about what you have planned in the future?
We have some projects in our pipeline, some of them are purely technical, engineering projects, other are related to tokenization of space industry and bringing liquidity into space investments.
Lover of all things crypto, blockchain and AI, professional tech scribe & part of the editorial team at Crypto Disrupt.