Question : Which of the following authorities has recently(March 2021) tested blockchain transaction on GOMX-4 constellation ?
(a) GomSpace and J.P. Morgan
(b) SpaceX and BofA Securities
(c) Airbus and Credit Suisse
(d) Boeing and Goldman Sachs
Ans.(a)
Related facts
- GomSpace and J.P. Morgan has recently(March 2021) tested blockchain transaction on GOMX-4 constellation.
- GomSpace and J.P. Morgan have successfully utilized the GOMX-4 satellites for an in-orbit demonstration (IOD) and tested tokenized value transfer in space.
- The IOD from GomSpace enabled J.P. Morgan to test the world’s first bank-led tokenized value transfer in space, executed via smart contracts on a blockchain network established between satellites orbiting the earth.
- GomSpace and J.P. Morgan successfully executed a transaction between two low earth orbit (LEO) satellites, which validated the approach towards a decentralized network where communication with earth is not necessary.
- This breakthrough opens the door to a potential peer-to-peer DvP (‘data versus payment’) satellite marketplace in the long term, as private companies prepare to launch their own constellations.
- The project was made possible due to GomSpace’s GOMX-4 satellites already in orbit and which are highly reconfigurable.
- This allows GomSpace to provide rapid in orbit demonstrations, such as this project, as a service to our customers exploring new uses of space technology and our nanosatellites.
By — Pankaj Pandey.
Link:
https://gomspace.com/news/gomspace-and-jp-morgan-test-blockchain-transa.aspx