Spire Global and SpaceChain Announce New Partnership
September 28 2021 - 9:35AM
Business Wire
Industry-leading Companies Launching Mission to
Demonstrate Blockchain Technology Computation Possibilities in
Space
Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a
leading global provider of space-based data, analytics, and space
services announced today a new partnership with SpaceChain, a
global space-as-a-service solutions provider developing the world’s
first decentralized satellite infrastructure (DSI). Together, Spire
and SpaceChain are launching a mission to demonstrate the
feasibility of blockchain technology computation in space and
resolve land-based centralized infrastructure issues.
Many in the blockchain industry have been working to reduce
points of risk whereby a centralized administrator or authority can
tamper with, or in the worst case, steal funds and data. One
potential solution is to decentralize access by distributing data
across multiple centers, countries, and continents. By deploying a
solution in space, Spire and SpaceChain aim to maximize data
security and increase the resiliency of computing operations.
SpaceChain is reimagining the space industry, having worked with
all quarters of the ecosystem ranging from launch service
providers, national space agencies, satellite manufacturers to data
analytics startups. The integration of blockchain and space
technologies helps create a Decentralized Satellite Infrastructure
(DSI) on which Decentralized Satellite Applications (DSA) can be
built and run without the need for any land-based
infrastructure.
“Space is the next frontier for businesses, and through Spire’s
satellite infrastructure we are taking global collaboration to the
ultimate vantage point,” said Zee Zheng, SpaceChain co-founder and
CEO. “This partnership will help us leverage satellite-based
computing to remove barriers and create a more open, collaborative
and global economy.”
Spire will utilize its “SABERTOOTH” supercomputing module, the
company’s fastest and most power-efficient embedded AI computing
device, to fulfill a two-part mission with SpaceChain. Initially,
Spire will conduct an on-orbit upload of SpaceChain’s software to
an existing satellite, before further building out SpaceChain’s
capabilities via a payload on a new satellite, expected to be
launched later this year.
“We’re delighted to work alongside SpaceChain and demonstrate
innovative ways to leverage outer space,” said Theresa Condor,
Executive Vice President and General Manager of Spire Space
Services. “Space-based computation is already proving its value
across countless industries and use cases, and we’re excited to
help realize its potential for emerging and decentralized
blockchains.”
About Spire Global, Inc.
Spire is a leading global provider of space-based data,
analytics, and space services, offering access to unique datasets
and powerful insights about Earth from the ultimate vantage point
so that organizations can make decisions with confidence, accuracy,
and speed. Spire uses one of the world’s largest multi-purpose
satellite constellations to source hard to acquire, valuable data
and enriches it with predictive solutions. Spire then provides this
data as a subscription to organizations around the world so they
can improve business operations, decrease their environmental
footprint, deploy resources for growth and competitive advantage,
and mitigate risk. Spire gives commercial and government
organizations the competitive advantage they seek to innovate and
solve some of the world’s toughest problems with insights from
space. Spire has offices in San Francisco, Boulder, Washington DC,
Glasgow, Luxembourg, and Singapore. To learn more, visit
http://www.spire.com.
About SpaceChain
SpaceChain fosters decentralized infrastructure for the New
Space Economy. By combining space and blockchain technologies,
SpaceChain is making the development of space applications easier
and making space more accessible. For more information, visit
www.spacechain.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210928005760/en/
For Spire Global, Inc.: Janine Kromhout
janine.kromhout@spire.com (650) 269-1417
Autonomy for SpaceChain: Tony Tan tony@autonomy-consulting.com
(+65) 6570-9139
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