How blockchain can change the space industry

Cryptocurrency, blockchain and decentralized data are all buzzwords we’ve seen floating around in recent years, but the technology is so new that it’s hard to see direct applications to our lives, even in space exploration. But blockchain and space have more ties than you might expect.

What these concepts all describe is a different way of storing data, a way that is decentralized (meaning it uses a shared database), transparent (which allows users to see changes to the database) and secure. Within this type of system, users have copies of the data and, because data in a blockchain is stored with cryptographic algorithms, blockchain is hard to hack.

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