Lockheed Martin, Filecoin Foundation to Explore Hosting Blockchain Nodes in Space

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Lockheed Martin, Filecoin Foundation to Explore Hosting Blockchain Nodes in Space
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NEW: LockheedMartin and the FilFoundation plan to identify a satellite system that can run an IPFS node in space by August. nikhileshde reports

DAVOS, Switzerland — Defense contractor Lockheed Martin and the Filecoin Foundation could soon make an open-source blockchain network accessible in space, the two organizations announced Monday at an event hosted by the Filecoin Foundation on the sidelines of the World Economic Forum's annual meeting.

IPFS is an open-source data storage and sharing protocol aimed at speeding up data downloads by letting network participants hold or share information. The idea is to reduce latency when downloading data from remote locations, such as the moon, said Marta Belcher, the head of policy and general counsel at Protocol Labs."[We're] redesigning a lot of the technologies [that] just aren't ready to work in space," Belcher said at Monday's event.

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