Lockheed Martin, Filecoin Foundation partner to host blockchain nodes in space
Defense contractor Lockheed Martin and the Filecoin Foundation have partnered to demonstrate the InterPlanetary File System (IPFS) in space, the pair announced on Monday at the World Economic Forum in Davos, Switzerland.
See related article: Filecoin explained: Decentralizing cloud storage for Web 3.0
- Filecoin is the economic incentive layer of the distributed storage and data sharing network IPFS and the Filecoin Foundation is the organization that facilitates the network.
- The partnership hopes blockchain application in space will reduce the latency between communicating with nodes in orbit.
- “We need to develop the technology to support a long-term presence in space without having to rely entirely on Earth-based communications and data storage,” said Joe Landon, vice president of advanced programs development at Lockheed Martin Space.
- Most satellites communicate directly with Earth but as humans venture further into space, the vast distances are expected to cause communication delays of up to minutes at a time, which satellites operating as data relays intend to improve.
- Filecoin’s price jumped by more than 2% overnight in Asia before retreating to trade at US$8.15 at press time.
- The World Economic Forum’s annual meeting in Davos is usually held in January, but is running from May 22-26 this year, due to Covid-19-related delays.
See related article: World Economic Forum launches digital currency info resource
2021 Acura Rdx Technology Package 2021 Acura Tlx Technology Package 2022 Acura Mdx Technology Package Align Technology Stock Applied Racing Technology Artificial Intelligence Technology Solutions Inc Assisted Reproductive Technology Battery Technology Stocks Benjamin Franklin Institute Of Technology Chief Technology Officer Color Star Technology Craft Design Technology Definition Of Technology Definitive Technology Speakers Element Materials Technology Health Information Technology Salary Ice Mortgage Technology Information Technology Definition Information Technology Degree Information Technology Salary Interactive Response Technology International Game Technology La Crosse Technology Weather Station Lacrosse Technology Atomic Clock Luokung Technology Stock Marvell Technology Stock Price Maytag Commercial Technology Washer Microchip Technology Stock Micron Technology Stock Price Mrna Technology History Mrna Vaccine Technology Nyc College Of Technology Penn College Of Technology Recombinant Dna Technology Rlx Technology Stock Robert Half Technology Science And Technology Sharif University Of Technology Smart Home Technology Stevens Institute Of Technology Ranking Symphony Technology Group Technology In The Classroom Technology Readiness Level Technology Stores Near Me Thaddeus Stevens College Of Technology University Of Advancing Technology Vanguard Information Technology Etf Vanguard Technology Etf What Is 5g Technology Women In Technology