An NFT and Smart Contract powered platform, Copernic Space enables these "digital Space assets" to be commercialized globally with trust and security on the Copernic marketplace. Asset ownership and payment transfers are tied to smart contracts and executed through a blockchain based system(SmartOffer), allowing for automatization and simultaneous value transfer related to digital Space assets such as satellite data. Equally important on the Copernic Marketplace is the "SmartFund" feature that allows the public to provide funding of various kinds to these private and public space projects on the marketplace.
Imagine if NASA didn't have to rely on the US Congress for each cent but could openly engage the American public to help, or think of the possibilities for these hyper innovative startups with limited access to funding if they could open their projects to financial support from the world. NASA has also been looking to commercialize their IP more effectively, to make it available to startups and the market as a whole. During a meeting at SpaceX, a question
to Elon Musk and NASA chief Jim Bridenstine by Copernic's Co Founder about IP related aspects for the collaboration stirred enough of a response from the two that it made TechCrunch the next day
, highlighting the importance of these "assets".
Many reports about the potential of applying blockchain technology and models to the Space industry hint at Copernic Space providing a core element powering the future of digital Space commerce. In a PwC France Report
it stated that blockchain "Reduces the barriers to raising funding by democratizing access to finance. Enabling a crypto token-based ownership of space assets including spacecrafts, satellites and potentially, astronomical bodies."
Simon Drake, co-founder and Managing Director of Space Ventures Investors, and a Copernic Space collaborator added that "A growing Space Economy requires a different kind of ledger. Blockchain has the potential for underpinning the trade in digital assets, and also the various securities required to be issued to undertake the next bold steps to take the Space Economy beyond Earth: A Lunar Resources company, or an Asteroid Mining Syndicate, in order to raise enough capital to undertake expensive operations, will need to use Blockchain to issue a massive volume of securities tied to various activities, e.g. a smart contract that can trigger dividends for when an operation meets milestones, or the reverse."
Some of the first industry cases you'll be hearing about publicly from Copernic Space will focus on showing the broad potential and impact this platform can have. One working example that will be executed on the platform is providing actionable data through digital satellite imagery and GIS processing to solve challenges in various sectors such as agriculture in Angola and other African nations.