SpaceChain is a community-based platform that integrates blockchain technology with space infrastructure to provide secure digital banking and key management solutions. By deploying live nodes in space, it enables businesses to conduct secure transactions and manage cryptographic keys, addressing the need for enhanced cybersecurity in the digital finance sector.
Funding
$70K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses require secure methods for conducting digital transactions and managing cryptographic keys, but existing solutions often lack the necessary security and accessibility, especially in remote locations. Traditional digital banking systems are vulnerable to cyberattacks, and key management can be complex and geographically restricted.
Solution
SpaceChain integrates blockchain technology with space-based infrastructure to provide secure and accessible digital banking and key management solutions. By deploying blockchain nodes in space, SpaceChain enables businesses to conduct secure transactions and manage cryptographic keys from anywhere in the world. The company offers a portable terminal called Tethys, which facilitates secure cryptocurrency transactions using space technology. SpaceChain also provides customized space mission design and management services, including launching nodes and deploying smart contracts, to enhance cybersecurity capabilities.
Target Audience
SpaceChain targets businesses in the digital finance sector that require enhanced cybersecurity for their transactions and key management, as well as organizations looking to leverage space technology for fintech solutions.
Features
- Space-based key management system for uncompromising protection of cryptographic keys and data integrity
- Tethys: A portable terminal for secure digital banking, enabling secure transactions using space technology
- Space mission design and management services, including launching nodes and deploying smart contracts
- Live blockchain nodes deployed in space on satellites and the International Space Station
- Capability to process existing blockchain data and perform blockchain-related functions like smart contracts
- Testbed for Bitcoin multisignature authentication service
- Support for on-orbit Velas transactions and minting of ERC-721 standard NFTs