Satellite battle to beam back the internet and Blockchains

Satellite battle to beam back the internet

The CEO of Binance, predicts that the number of Crypto users will rise to over 4 Billion world-wide and will outnumber Internet users in a few years. This is rather surprising as surely if you are a using Digital Assets like Cryprocurrencies you will need an internet connection. Although it is possible even now to transmit Bitcoin and other Cryptos via text messages as people in Venezuela are doing during the increasingly frequent electricity blackouts.

While the number of people using Cryptocurrencies has allegedly risen seven fold to approximately 139 Milliontoday there is still a long way to go before using Digital Assets is an everyday experience for many of us. However, where Blockchain technology and Digital Assets could have a huge impact is in remote places in the world where there is no internet. The ability to trade goods and services in a very transparent manner without the need to go through lots of agents and intermediaries or to have some form of personal identity and so allow one to receive aid, or just open a bank account can have a huge impact on Billions of people globally.

Source: https://uk.pcmag.com/features/116630/why-satellite-internet-is-the-new-space-race

Perhaps this explains why multinational corporations like Boeing, Google, Amazon and even Facebook are now what seems to be in a battle to launch satellites to be able to beam internet services to earth. Providing the internet from space allows Blockchains to be made available almost anywhere from The City of London, where I often struggle to make a phone call, to the remotest forests, deserts or oceans in the world.

Indeed Amazon have recently announced that they are going to launch over 3,200 satellitesto improve global internet services which could be great news for SpaceX who Elon Musk claims that their share of satellites launches has gone from 20% in 2010  to 65% in 2018. Therefore, it is no surprise that Amazon have just announced their Blockchain as a service solution to enable companies to establish their own Blockchain solution without the need for expensive soft and hardware. Amazon have already signed up AT&T in the USA and Nestle to use the Amazon Managed Blockchainthat is now being made available.

One thing is certain the world economy is becoming more digital we need to improve the digital infrastructure, using global orbiting satellites to offer internet and Blockchain connectivity becomes commercially more attractive….

https://bigthink.com/philip-perry/internet-access-for-all-how-close-are-we-to-a-global-high-speed-web

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