Lockheed Martin, Filecoin Foundation partner to host blockchain nodes in space

ByJosephine J. Romero

May 24, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,


Defense contractor Lockheed Martin and the Filecoin Foundation have partnered to reveal the InterPlanetary File Method (IPFS) in place, the pair declared on Monday at the Planet Economic Discussion board in Davos, Switzerland.

See associated write-up: Filecoin explained: Decentralizing cloud storage for Web 3.

Quick facts

  • Filecoin is the financial incentive layer of the dispersed storage and details sharing network IPFS and the Filecoin Foundation is the organization that facilitates the network.
  • The partnership hopes blockchain application in space will lower the latency concerning communicating with nodes in orbit.
  • “We require to develop the technological know-how to support a lengthy-expression presence in space devoid of possessing to rely solely on Earth-primarily based communications and facts storage,” reported Joe Landon, vice president of highly developed packages development at Lockheed Martin House.
  • Most satellites communicate immediately with Earth but as individuals undertaking more into place, the wide distances are envisioned to trigger interaction delays of up to minutes at a time, which satellites operating as information relays intend to increase.
  • Filecoin’s selling price jumped by far more than 2% right away in Asia ahead of retreating to trade at US$8.15 at press time.
  • The World Economic Forum’s yearly conference in Davos is commonly held in January, but is operating from May 22-26 this year, owing to Covid-19-related delays. 

See relevant post: Entire world Financial Forum launches electronic forex info resource


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