Spacebit and Lockheed Martin are Gold Sponsors of the Moon Village Association

Spacebit and Lockheed Martin are Gold Sponsors of the Moon Village Association

Press Release
November 8, 2018 Editor's Desk
197
Spacebit is an innovative decentralised space company developed by a strong team of renowned professionals. The company aims to democratise access to space by efficiently tokenizing major commercial space projects. It enables individuals to effectively take part in space programs, encouraging growth in the industry and reaping the benefits that follow. Spacebit is offering a way to
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Spacebit is an innovative decentralised space company developed by a strong team of renowned professionals. The company aims to democratise access to space by efficiently tokenizing major commercial space projects. It enables individuals to effectively take part in space programs, encouraging growth in the industry and reaping the benefits that follow. Spacebit is offering a way to democratise space exploration, releasing the control of the space industry from governments and powerful conglomerates, and utilizing the power of the public masses to incite growth in the industry.Spacebit utilizes distributed ledger technologies (DLTs) to effectively distribute cryptographically secure digital information to develop a self-sufficient record system for executing transactions, managingsupply chains, and more. This technology can revolutionize the space industry’s ability to facilitateenhanced communications, timing, and positioning. Using DLTs also grants the industry an intrinsically efficacious method of acquiring funds directly from the public. By democratising the programming and funding, government bureaucracy is completely bypassed, leading to more efficient innovation in the space industry.

The enterprise has teamed up with various organizations, including Goonhilly Satellite Earth Station. Spacebit, in partnership with Goonhilly Satellite Earth Station, is developing a decentralised ground station scheduling system to be launched within the next few months. Presently, the system is in beta testing phase using a DLT platform. The scheduling system envisions to create an effective model that offers access to low-Earth and deep space communication. Moreover, the interactive models have been created to reduce the barrier to entry, promote dialogue between multiple industries, and open new commercial opportunities. Spacebit also plans to use IOTA and Qubic for IoT networks of multiple space vehicles and future SATCOM implementations for climate monitoring on Earth as well as in space for geospatial and lunarspatial data transfer.

In addition to developing a technological basis for the democratisation of space, Spacebit has also announced Spacebit Capital which is the world’s first tokenized Venture Capital fund for both fiat and crypto to place investments in early stage intellectual property intensive companies in the space sector. The news was revealed simultaneously at the World Investment Forum in Geneva and the World Blockchain Summit in Dubai on October 25, 2018.

Spacebit will be announcing its institutional membership with the Moon Village Association, or MVA, which is looking to encourage the development of missions to establish a moon base. The MVA, in cooperation with the University of Southern California and the National Space Society, have discussed what needs to be done first to achieve this goal. This includes the kinds of laws that would govern inhabitants on the moon, infrastructure, governance, and cultural choices. The race to a moon colony continues, however the primary hurdle in getting there is developing cost-effective means to conduct missions and create a sustainable development. Spacebit believes in the significance of a lunar colony and supports the efforts of the MVA in laying the groundwork for realistic steps towards such an achievement. Spacebit and Lockheed Martin were the two Gold Sponsors of the 2nd International Moon Village Association Symposium and Workshop which took place in Los Angeles, California on November 3rd – 5th, 2018.

Get involved with Spacebit today by:

Joining their Telegram – https://t.me/spacebitENG

Visiting their website – https://spacebit.com/ & https://spacebit.capital

Liking their Facebook – https://www.facebook.com/spacebit1/

Following their Twitter – https://twitter.com/bit_space

Following their LinkedIn – https://www.linkedin.com/company/spacebit/

Following their Medium – https://medium.com/@spacebit

Press Contacts:

Samuel Reid

VP Development

Spacebit Technologies Ltd.

1-403-818-4830

sam@spacebit.com

Rob Chambers

Director Human Spaceflight Strategy & Business Development Commercial Civil Space

Lockheed Martin Space

1-303-325-4401

robert.p.chambers@lmco.com

 

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