Hello Everyone, this is Chris Kim from the HILARIUM FOUNDATION.
Despite the recent controversy surrounding Bitcoin, many
global companies are starting to apply blockchain into their business.
Today’s topic will be about a global company GE demonstrating
the immediate
use of blockchain technology in the renewable energy market, and
NASA’s research
to apply Ethereum blockchain technology into space exploration.
Blockchain’s smart contract allows reliable transactions and
contracts to be
executed between two different anonymous parties without any
central authority,
legal system or external force mechanism. It makes
transactions tractable, transparent
and irreversible.
The Forge Institute in
New York, where GE Global Research is located, said
that the prototype of this
digital eco system has been built already.
GE development team has a high expectation for the future of
blockchain.
They say that various current issues surrounding Bitcoin is not the
real face of
blockchain; cryptocurrency based on the encryption technology is
just an example
of the early stage of the blockchain application.
https://www.ccn.com/nasa-researches-ethereum-blockchain-tech-for-deep-space-exploration/
According to the article, NASA envisions to use the Ethereum’s
smart contracts
technology to automate spacecraft maneuvering while recognizing
and safely
avoiding space debris.
Dr. Kocsis of the research team mentioned that the completion
of such blockchain
system will also “help the spacecraft automate data
gathering alongside other tasks”,
allowing scientists to spare time to analyze
the data and focus on
other more important research.
Despite criticisms of the blockchain, we see many cases of
global companies
and government agencies showing their interest and investing
in the blockchain.
Hilarium will strive to contribute to the development of
Blockchain technology,
following the Mecca Trend.
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