Blockchain’s ability to process, categories and arrange huge amounts of data in a small period of time has enabled it to become a viable option for space research programs. A Hubble Space Telescope (HST) researcher is testing a blockchain network to assist in data management.
Talking to CoinDesk, Josh Peek, an associate astronomer with the Space Telescope Science Institute (STScI), said that the HST, like other space telescopes, requires “millions upon millions” of hours of computing power to process data, which can become expensive.
Blockchain has already been known to reduce the NEFT/RTGS/IMPS charges, timings and limits to a fraction of cost and single figure time in seconds. Blockchain’s enormous computing power can help researchers not only skim through galaxies but also make more better judgments in a faster manner. This large amount of data then can be used to answer unanswered space questions.
Blockchain technology is a cheap solution than cloud based systems. The fast, cheap and less error ridden data analysis and storage, will give space researchers a freer hand and more output out of the same creative and intellectual resource employed. This will pave ways for projects to pass through cost benefit analyses, get through until a stage of maturity where the investors and researchers can together form general hypotheses and then decide a course of action for the research.
Previously, researchers could only afford a small chunk of computing time and engine per galaxy, which made researches more narrowed and rather basic. Now this will change, the lengths of research and the depth of the work undertaken can increase dramatically.
According to Josh Peeks;
Tens of millions of CPU hours can really run up a bill. NASA and [STScI] use computing centers and that’s a way we can go but there’s long latency period where you go through a grant process … and so the idea came up that we could use a distributed network to do this really efficiently, it’s 10 times cheaper than standard cloud computing.
Researchers no longer need to fear about storage space or research efficiency. The technology will enable them to tap into a larger network than what might be available via a traditional server farm. Tradition server farms have expanded since inception. The developments are amazing. However, in the context of space, it is not enough.
The developments in a particular technology can go only so far, another up-tech upgrade is needed whenever and where ever possible. Extending the benefits to analysts and moving beyond finance, blockchain is changing the way things function in the existing world order. New tech and Idea development makes up for large amounts of first world GDP. The countries looking to expand into resource optimization, and the next step in globalization have already digged in and delved into the blockchain solutions.
Blockchain startups AIKON and Hadron are assisting Peek and Hubble in the research. AIKON provides a simple interface or a structure in which Peek can input all data. They are an intermediary between the blockchain suppliers and the users. They lubricate the surface before the technology can be fitted inside the armor, ready for use.
Hadron’s systems help process and render that bot-stored information for further analysis and human usage. Hadron is a ‘useful’ proof-of-work blockchain’, said co-founder and chief product officer of AIKON, Marc Blinder.
Hadron has remained an innovation oriented blockchain startup focused on doing original and eccentric work that existing blockchains are not doing because of the administrative work load or burden from the finance tech industry. Their website proudly boasts:
HADRON accelerates space exploration with scientists at Hubble’s Space Telescope Science Institute
Their systems have been simplified as they are in the trouble shooting phase. The simplified versions will now become a part of their market models. The technology reinforcements allow Hardron to perform millions of tasks per second.
The earliest movements to the under testing system is the SETI@Home program, which helps researchers attached to the Search for Extraterrestrial Intelligence (SETI) project similarly crowdsource computing power. Only this little tweak i.e moving away from a traditional systems towards a blockchain platform, with associated shrunk time benefits the effort reduction in the data processing department.
Because the space researchers are not specialists or literate in cryptocurrency, they decided to use pegged tokens as a medium of exchange between their service providers and them. The simple negotiation allows them to use AIKON’s ‘CPU’ tokens as payment for the computing time.
The value of the token is pre-pegged to the average cost of computing power charged by cloud hosting services. AIKON plans to ultimately bring in more and more research groups, also other clients to purchase CPU tokens to rent computing power. Currently, clients like Peek are testing the system using a supply of free tokens. After trials, the startup will be off to make some big crypto bills while facilitating and expanding in several directions, may or may not be, related to space exploration.
Nobody over here is going to do really complicated things with cryptocurrency. We don’t buy anything … That’s what AIKON (as an intermediary) is trying to do, make this as simple as possible
Recently, this year two other companies also tied hands in space exploration programs with blockchain providers, Blockstream and Nexus Earth. Blockstream is a $75 million valued company. It is currently broadcasting real-time bitcoin blockchain data from four communications satellites, with a fifth “TBD,” according to the company’s website.
This will create a no internet communication possibility, a redundancy connection to the blockchain that doesn’t require a traditional internet connection. Satellite broadcast provides an alternative for protection against network interruptions, malware and hacking, according to the Blockstream Satellite FAQ’s. However their transactions using bitcoins still requires a two way signal strength relying on the traditional internet system.
The developments in space exploration have boggled more minds than any technology and blockchain systems are the next game changing partner technology houses after Artificial Intelligence (AI).