A research project funded by NASA is planning on using Ethereum blockchain technology to improve and automate spacecraft navigation and make space communication better.
The project will be led by Dr. Jin Wei Kocsis, who is an assistant professor of electrical and computer engineering at the University of Akron. She has received a three-year $330,000 Early Career Faculty grant from NASA to develop a ‘Resilient Networking and Computing Paradigm’ [RNCP] that uses the blockchain technology underlying smart contracts, which don’t require mediation during transactions.
The aim of this project is to create a spacecraft that can ‘think’ by itself and ‘automatically detect and dodge floating debris’. This innovation is not only a faster and more effective way of detecting debris but also reduces dependence on the scientists ‘back home’, according to Wei Kocsis. In addition to working towards making the spacecraft ‘think’, Wei hopes to develop technology that will allow the spacecraft to complete tasks automatically and collect more data.
Wei Kocsis says:
“In this project, the Ethereum blockchain technology will be exploited to develop a decentralized, secure, and cognitive networking and computing infrastructure for deep space exploration,”
She further adds:
“The blockchain consensus protocols will be further explored to improve the resilience of the infrastructure.”
Thomas Kacpura, the Advanced Communications Program Manager at NASA’s Glenn Research Center says that this was the first time blockchain technology would be used for space communication and navigation. He also says that if the project is successful it “would support decentralized processing among NASA space network nodes in a secure fashion, resulting in a more responsive…. resilient scalable network that can integrate current and future networks in a consistent manner.”
He further adds:
“It is expected that the potential is high to contribute to the next generation space networks, and also allow tech transition of these algorithms for commercial systems.”
Stephen Mark, a Twitter user said:
“The potential of blockchain technology cannot be imagined and NASA proves it.”
Nemanja, a Twitter user said:
“Shouldn’t they use something that has HIGH ASSURANCE of working.”
Anthony Pompliano, managing partner at Full Tilt Capital said:
“Forget the moon, it looks like crypto is going to deep space.”
Subscribe to AMBCrypto’s Newsletter
FLiK case: Utility tokens take another hit in case allegedly involving Rapper TI, claims prominent lawyer
Stephen Palley, a prominent lawyer at Anderson Kill, spoke out about the FLiK token case via his official Twitter handle. Notably, unlike most tokens in the space, FLiK made headlines because of its celebrity backing.
Towards the end of last year, it was reported that the US Rapper Clifford Joseph Harris Jr., who goes by the stage name T.I. and T.I.P., was sued for $5 million over the alleged failure of the token promoted by him and his partner, Ray Felton. The rapper was being sued by a group of 25 individuals who claimed that that they invested around $1.3 million in the tokens.
Additionally, there were allegations that the rapper used the raised money to increase the token’s value, following which the duo sold their holdings after the coin crashed. Other well-renowned celebrities such as Kevin Hart and Mark Cuban were also reportedly associated with this project.
On the recent developments surrounding the case, Stephen Palley stated,
“Utility tokens” take another hit in case allegedly involving rapper TI. Court says FLiK ICO tokens = securities under Howey Test, for motion to dismiss purposes. That they offered some functionality ≠ relevant given buyers’ expect of profits solely from efforts of others. 1/4″
The lawyer further stated that,”use of funds” was already determined by the defendants, “per the FLiK token whitepaper.” He went on to state that there was a time problem, adding that Federal Law rules that “unregistered sale” of security tokens were supposed to be reported within 12 months after the violation.
Even so, court says there’s a time problem — claims for unregistered sale of securities have to be brought within a year after the violation on which they are based, under federal law. Because this isn’t pleaded, these claims are dismissed with leave to refile. 4/4
— Palley (@stephendpalley) May 20, 2019
The lawyer concluded by tweeting,
“ps — form was never going to be exalted over substance, so none of this is a huge surprise. Also, this is a ruling on Rule 12(b)(6) motion to dismiss so the Court takes the allegations as true for purposes of ruling. The merits still have to be litigated.”
Subscribe to AMBCrypto’s Newsletter
Bitcoin [BTC]: Blockchain reorgs are an important part of BTC protocol, says Money Button’s Ryan X. Charles
How to Buy BTC for Just 10% of its Value on YouHodler
Cryptopia hack: Stolen Ethereum, ERC20 tokens land up in ‘major cryptocurrency exchanges’
mBitcasino announces support for FIAT currencies
Tether [USDT] treasury transfers almost 10 million USDT to unknown wallet
Tron [TRX]: Justin Sun short-changes new winner; awards USD equivalent instead of a Tesla
Cardano [ADA]’s Charles Hoskinson says ADA will become top coin in the market if the current momentum continues
SEC shows green light to new Silicon Valley stock exchange LTSE; boosts cryptocurrency inclusion
Crypto is replacing the US Dollar and no one seems to be noticing, claims prominent investor Robert Kiyosaki
Litecoin [LTC] bought at $100k on Binance when coin was trading at $90
Tron [TRX] announces future trading on OKEx platform from May 20
HitBTC is insolvent, claim customers facing trouble withdrawing funds for several weeks
Bitcoin [BTC]: Coin’s present-day price rise is different from 2017 rise, says Barry Silbert
Bitcoin [BTC]: Andreas Antonopoulos says blockchain technology should not be ‘mashed’ with technologies such as IoT