"Both companies are committed to the decentralization vision, where all individuals can come together to create and use new distributed systems that better serve humanity in day-to-day life."
“I’m happy to see BitSpace looking ahead to find solutions in space that can solve problems here on earth," said Colin Cantrell, founder and chief architect of Nexus. "We look forward to working together to open up more opportunity in Europe and Low Earth Orbit.”
Nexus wants to combine blockchain technology with ground-based MESH networks and satellites to facilitate the formation of a decentralized and distributed internet. BitSpace, headquartered in Oslo, Norway, wants to participate in building the future through emerging technologies that include blockchain, artificial intelligence, space, and virtual reality.
“We believe that Space Technology combined with Blockchain represents an exciting opportunity to decentralize the future and we are very excited to discover this realm with Nexus Earth,” said Manuel Lains, CEO BitSpace.
The spirit of the announcement is appealing to those who, like me, are interested in the convergence of blockchain and space technologies, and in the prospect of a decentralized internet. However, the announcement doesn't give many details and leaves the question open of what it is exactly that Nexus and BitSpace want to, you know, DO.
The only actual plan mentioned in the announcement is that the two companies intend to collaborate with American and Norwegian Universities to support academic research with the goal of advancing decentralized technology and associated space applications. This is also inspiring but kind of vague. However, other projects of Nexus and BitSpace provide plausible hints.
Nexus operates a cryptocurrency powered by blockchain technology and advanced cryptography "designed to negate the threat posed by quantum technology of the future." In partnership with Vector Space Systems, the company is creating a distributed satellite and ground based mesh network to enable global access to the Nexus blockchain.
"The capabilities provided by the Galactic Sky platform combined with the flexibility of Vector's launch model bring us one step closer to accomplishing our mission of providing the world with a decentralized currency that can be accessed virtually anywhere, anytime," states the Nexux website. "Nexus will be placing satellites in orbit and building a supporting ground network to create the world’s first truly distributed system operating on distributed infrastructure."
"Each satellite will operate as a full node, and connect with its peers in orbit and on the ground to establish a complete mesh network that will be resistant to external control. This robust and autonomous infrastructure will run parallel to the Internet, providing alternate pathways for the global community."
According to the August issue of the Nexus newsletter, the company's first NXS1 cubesat is progressing well towards its March 2019 goal launch date. Besides supporting the Nexus cryptocurrency in a decentralized way, it seems likely that the Nexus infrastructure could support all sorts of decentralized internet applications.
The flagship project of BitSpace, the BitGate cryptocurrency wallet linked to Norway’s National ID system, doesn't seem immediately relevant to the vision of a decentralized internet powered by satellites and mesh network infrastructure. But the company's links to international research communities, and its ongoing work on the decentralized EOS platform, could be more relevant. The BitSpace website states:
"Starting in 2018 BitSpace will be devoting its network to help support and expand the operations of decentralised blockchain systems. The EOS platform is a fully decentralised blockchain that can scale and meet the technical requirements needed for businesses worldwide."
Perhaps EOS could follow Nexus in orbit.
Image from Wikimedia Commons.
Never miss a thing and suscribe to our newsletter.
Crypto Insider Editor Giulio Prisco is a writer specialized in science, technology and business. He is persuaded that crypto has the potential to bring disruptive positive changes to the internet and society at large.