Bitcoin in space: Spacechain world’s first decentralised space agency

14 May 20155 Shares

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Bitnation, an organisation working with bitcoin, has decided that now is the time to highlight the virtues of decentralisation, with Spacechain to expand the human race throughout the universe.

Based off the organisation’s virtues of decentralisation and freedom from governance, Bitnation has decided to place 35-year-old Iman Mirboki at the head of the world’s first decentralised space agency.

The native Swede has had a life-long dream to become an astronaut, having trained with the Swedish Air Force with intentions of joining the European Space Agency (ESA), but medical reasons prohibited him from making it past our atmosphere.

According to Mirboki’s blog post on the newly-created site for the space agency, a nationless space agency has been in the works for some time now.

“In the last two years, I’ve been working together with students, professionals and many other people around the globe to create a decentralised space programme where everybody is welcome to join and all scientific and technological development to be shared for free on an open-source basis with anyone who wishes to use them.

He continued: “Reaching space is not easy and requires many different technologies — all of which will be shared with everyone. Anything that is developed in our lab is available to the public without any licence requirement.”

Spacechain's experimental lab. Image via Facebook

Spacechain’s experimental lab. Image via Facebook

 

Developing drones and rocket fuel technology

Mirboki and Bitnation, however, are also casting their eyes down here on Earth, having confirmed that they also plan on having the first bitcoin transaction from space to Earth, as a symbol of technological progress and taking “the power of the few and giving it back to the people, where it belongs”.

According to Cryptocoin News, Spacechain in the meantime is working extensively on a new type of navigational system called Fibre Optic Gyroscopes (FOG) that is trying to determine more efficient and complex ways of flying a large quantity of drones in formation.

Not only that, but they’re also working on a new type of rocket fuel to bring humans further into the solar system.

“We’re also developing different types of rocket fuel that are environment friendly, in contrast to the very toxic Hydrazine that’s standard in the space industry,” said Bitnation’s founder, Susanne Tarkowski Tempelhof in a recent interview. “Another aspect of the ‘fuel-programme’ is building hybrid engines, using both jet/rocket technology.”

 

 

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Colm Gorey is a journalist with Siliconrepublic.com

editorial@siliconrepublic.com