NASA Invests in Ethereum to Explore Space Through Smart Contracts

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Tue, 08/14/2018 - 15:16
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Yuri Molchan
The agency grants over $300,000 to an Ethereum-based program
NASA Invests in Ethereum to Explore Space Through Smart Contracts
Cover image via U.Today

NASA is an unusual figure in the crypto community. However, the agency encourages innovations. So it has granted $330,000 to support a research group that uses Ethereum-based smart contracts.

Dr Jin Wei Kocsis, the head of the research, thinks that Ethereum should be used not for making expensive online pets or fintech apps but for programming spacecrafts.

Blockchain in space

Dr Kocsis told the journalists that his team plans to use the Ethereum software for making a decentralized infrastructure which will be used in deep space research.

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NASA and blockchain

NASA, reportedly, may use Ethereum dApps to eliminate the lag time that prevents instant communication between the earth and the spaceship.

The head of the study, Dr. Kocsis seems to have chosen blockchain because it provides stability, and during a space mission even a slightest mishap may cause a catastrophe, so the new technology could be quite useful here.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.