Swarm · Jun 20, 2024

SpaceCoin is pioneering using CubeSats and blockchain technology to create a decentralized, autonomous network of orbital data centers and computing resources. The video features a speaker discussing the concept of space-based data centers and their potential integration into blockchain technology. The speaker has a background in Bitcoin, Ethereum, and space technology, including working on CubeSat software and participating in the European Space Agency (ESA) hackathon. They highlight the problems with terrestrial blockchains, such as susceptibility to attacks, natural disasters, and government interference. They propose that space-based data centers could offer solutions by providing unlimited land, freedom from national jurisdictions, lower energy consumption through solar energy harvesting in orbit, reduced latency for data transmission, and protection from physical attacks and natural disasters. The speaker also mentions high implementation costs and technical complexities as challenges but outlines a roadmap of progress in space-based computing since 2010 with experiments on the International Space Station (ISS) and partnerships with companies like Space Chain. The ultimate vision is to create a decentralized network of orbital data centers offering secure data processing services. Potential applications include space passports for extraterrestrial jurisdiction and secure banking operations. The presentation ends with an invitation to keep in touch through social media and solve a riddle left by the presenter. A question from the audience about the legal boundary of EU jurisdiction in relation to satellite data storage concludes the talk.