“Space is the only economy that is limitless
," Grant Blaisdell, creator and co-founder of Copernic Space, explained to Finextra. “It does not have hundreds of years of incumbent regulation built around it. As such, it is an opportune area within which to build a new economic system, based on blockchain.
In the wake of negative reactions on social media to the likes of Jeff Bezos and Richard Branson travelling to space, forward-thinking companies like Copernic Space are working to democratise it, in the hope that, eventually, charitable organisations and members of the public can invest in it. “Space is sometimes seen as an intimidating frontier, but it shouldn't be," said Blaisdell. “We do not want the public to be financially and economically excluded from space, and the benefits of access to space assets, such as satellite imagery."
So, what kind of benefits can be derived from satellite data?
In June, Blaisdell's organisation made headlines when it partnered with 'satellite-as-a-service' and 'mission-as-a-service' platform, Exodus Orbitals
, to map rhino habitats and battle poaching activities across Africa. Once again, non-fungible tokens made this project possible; providing access to satellite data and images of the most concerning areas of land.
Copernic Space's first public commercial case, however – which is due in a couple months – will be the ever first tokenised public sale of payload space. “It's on a rover that's going to the moon
," he added.
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