Review on SpaceChain by Pedro O. Alvino M.
Blockchain technology with satellite systems.
Focused on the development of blockchain technology in conjunction with aerospace technology, they will provide an ecosystem where developers can have satellite technology in an open way in conjunction with blockchain technology, so that the project will develop hardware that is compatible with the satellite technology, so that all project protocols can be executed in outer space.
Pioneers in this field on the market, the project has a series of objectives that will allow both users and companies to have a network based on outer space in a way that serves to improve the economy and industrialization through satellite technology of a more transparent way.
By having several mechanisms focused on satellite technology, the project must have various access to space jurisdictions, for this reason they are holding meetings with institutions and governments in different countries to expand SpaceChain services in more areas, where a large part of the Users and developers will be able to access such services through the SPC token, which despite having a very decreasing path in the market and this due to the lack of utility that it does not yet contain, the project can be a determining factor in the long term given the growing demand for technology that arises day by day.
Pros
- Pioneers in the development of blockchain technology in outer space.
- Its decentralized satellite infrastructure supports various satellite-related systems.
- It has several associations of companies related to space and cryptography.
- Any user can have satellite services openly with SpaceChain.
- Its SPC token is compatible with the Ethereum and Qtum network.
Cons
- Developing a project focusing on outer space will take time, given the regulations in different countries and partnerships with aerospace institutions.
- The economy of the token in the market is lousy.
