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SpaceChain Foundation Aims To Unlock The Potential Of The New Space Economy

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Below is our recent interview with Jeff Garzik, CTO of SpaceChain Foundation:

Q: Can you share a brief overview of what SpaceChain’s investment in Core Semiconductor aims to achieve?

A: With the investment in Core Semiconductor, SpaceChain Foundation aims to unlock the potential of the New Space Economy by producing an open hardware platform for direct satellite-to-devices communication.

The open-source hardware platform will be the world’s first in providing a downlink to mobile and other devices directly from the satellite. Where security is concerned, an open-source blockchain-based platform provides a private network in space to carry out transactions. Once transactions are completed, the result is then broadcast back to earth. Most importantly, the process eliminates hacking opportunities, making transactions a lot more secure.

Core Semiconductor has a computer platform that can execute highly secure connections that are integral to blockchain applications, and this is the catalyst for future developments with blockchain technology.

Space technology in essence is a key enabler in the development of decentralized blockchain-based satellite networks, and ultimately solves the problems of land-based centralized infrastructure. The future of open-source blockchain hardware is bright, and we want to push the boundaries of space and blockchain innovation at every step.

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Q: How does the investment in Core Semiconductor change the landscape for the semiconductor market?

A: The semiconductor market is ever-growing and evolving, with constant innovation in emerging technologies, like AI, IoT, and of course blockchain.

Through Moore’s law, the semiconductor industry will continue to develop at breakneck speed, which will inadvertently lead to more technological progress.

We want to pave the way for more innovation in the blockchain space. This partnership allows for accessibility and collaborations, marking the beginning of a number of planned components to support decentralized space hardware.

So to answer your question, yes, I think the Core Semiconductor investment could change the landscape for the semiconductor market by adding more tools and dimensions to an already existing deep tech space.

We look forward to discovering more business use cases with Core Semiconductor and transforming the semiconductor market with the cutting edge open-source hardware platform.

Q: How does this open hardware platform differ from the Global Navigation Satellite Systems (GNSS) or Global Positioning System (GPS) that is found in devices today?

A: First of all, the open hardware platform has been successfully tested with existing GPS/GNSS systems active in the field. The open hardware platform has similarities with GNSS and GPS that you mentioned, like the low bitrate and location detection capabilities of all three technologies.

But the differentiator is the open hardware platform’s ability to provide a secure direct downlink to earth devices that goes through a multi-layer global decentralized infrastructure.

This is certainly ideal for verifying blockchain hashes and encrypting signatures, given its high security.

The other difference is that the platform is open-source, so anyone can do their due diligence on the platform directly through Github, while also verifying the platform’s robustness. We encourage everyone to check out the code and test it out at https://github.com/coresemi and https://github.com/coresemi/gnss-baseband.

Q: What challenges can be resolved by leveraging this platform, and who are the target audience once the open hardware platform is available commercially?

A: We look to solve a myriad of problems from security to privacy through blockchain.

When commercially available, anyone looking to utilize a secure hardware platform for unparalleled security and robustness can benefit, including software developers, service providers, vendors, and users.

The platform is afterall an open-source hardware platform intended for public use. Everyone from hobbyists to enterprises is welcome to leverage the platform for research and development.

Q: How does your investment in Core Semiconductor change the landscape for communication? In the near future, do you foresee that telecommunications providers will integrate these hardware chips into everyday devices?

A: The investment in Core Semiconductor will revolutionize the landscape of business communications by providing a distributed ledger with high privacy and security that is also decentralized and immutable.

Our fundamental rights to privacy and freedom are important, but land-based connections remain prone to hacking and spying. Blockchain in space provides a compelling and viable solution to this problem.

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Q: What is in the pipeline to augment the decentralized network, and how the innovation unlocks the potential of leveraging space as the next frontier for businesses?

A: Space exploration is essential for the advancement of humanity. Research and space discovery helps us learn more about the universe and enables the development of advanced technologies.

What we aim to do is to open up the satellite and space industries. The existing satellite industry model is closed off – with closed software usually a single purpose of the satellite owner and operator’s use. With modern software sandboxing, we can open that model up, and permit customers to upload their software.

Opening up the closed satellite industry model is key to making access to space less expensive and more accessible for businesses.

Most importantly, we want to continue educating space professionals and the blockchain community about each other’s industry strengths, promote collaborations and partnerships, as well as foster a global ecosystem that connects businesses, developers, and consumers for innovation.

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