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Blockchain Firm ConsenSys Shows Interest In Space Exploration

13:41 01/11/2018

ConsenSys, led by an Ethereum co-founder Joseph Lubin, purchased a startup called Planetary Resources whose team is designing technologies for asteroids exploration. The partners have not yet reported on the transaction value and the purpose of the acquisition.


According to Lubin, Planetary Resources will bring great space exploration potential into the ConsenSys ecosystem. He admired the company for its track record of innovation, a confident vision of the future and the inspiration that it gives to people. Lubin’s company believes that decentralization and democracy in space researches will unite society and discover new potential for discoveries.


Ethereum co-founder promised to reveal the company's plans and how to get involved into their “journey” in the nearest months.


In addition, ConsenSys gained two new employees — Chris Lewicki, the head of Planetary Resources and a former NASA co-worker, and legal adviser Brian Israel, who previously worked in the US State Department. As Israel suggested, smart contracts on the Ethereum blockchain can be used in space for commerce and coordination between a large number of participants.


Since 2009, Planetary Resources has been searching for solutions and tools for space objects exploration and development. The company stated it would find a way to extract water from asteroids. In 2015, astronauts launched the company’s first satellite to the ISS.


In October 2019, Joseph Lubin invested $6.5 million in a blockchain startup DrumG. Before that, ConsenSys positioned itself as the firm’s rival, but now they collaborate to develop 50 new projects.


Previously, the Ethereum team introduced new standards for software developers.

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