SpaceChain Receives Grant from EUREKA GlobalStars-Singapore Call to Jointly Develop Decentralised Satellite Infrastructure with Consortium Partners
Summary
HARWELL, England, Dec. 10, 2020 /PRNewswire/ -- EUREKA, in partnership with Enterprise Singapore and Innovate UK, has awarded GBP440,000 in funding together with access to research and development facilities and resources to (SpaceChain) and consortium partners ("Addvalue ") and . The DSI infrastructure will advance the development of commercial use cases linking space resource providers, satellite application and fintech companies with an ultra-secure and low-latency network. The Addvalue IDRS solution is a key enabler in ensuring the availability of low latency and reliable connectivity for the effective blockchain applications in a decentralized and distributed satellite infrastructure. "We are very excited to collaborate with SpaceChain and Addvalue as we integrate our expertise for ground-to-satellite communications to create this pioneering DSI Innovation," said Tom Walkinshaw, founder and CEO of Alba Orbital. The company also offers extensive engineering and integration services to its customers, including the design and development of reconfigurable embedded system suitable for software defined radio and edge computing applications.