Google for Startups program accepts SpaceChain to accelerate space-based blockchain innovation

Google has welcomed a new member into its highly esteemed ranks Google for Startups program. SpaceChain, a leading provider of space-based blockchain solutions, has been accepted into the program, which is designed to provide early-stage companies with the resources and support they need to build long-term sustainable businesses.

Under the program, SpaceChain will be able to strengthen its position within leading data and transaction integrity with space infrastructure. The company will also have access to Google’s extensive resources, which will open up more opportunities for SpaceChain to explore more advanced processing applications aboard LEO satellite systems as well as future payload launches.

Cliff Beek, CEO of SpaceChainsaid the Google for Startups program and ecosystem will allow the company to confidently support its customers with significant infrastructure and resources as it scales up its team and operations to meet the growing demand for space-based blockchain innovations.

Beek also noted that the program will enable deeper collaboration between Google and SpaceChain to advance the development of cloud applications and critical assets in space.

Founded in 2017, SpaceChain became the first satellite platform to offer secure custody, digital asset transactions, smart contract distribution and decentralized finance infrastructure (“DFI”) on space nodes.

The goal is to provide advanced security and global access by integrating software-defined payloads to advance blockchain applications into orbit. With a network of nodes operating on satellites and the International Space Station (ISS), SpaceChain has successfully delivered space missions and achieved commercial deployment. Now the company is ready to capture high growth and value.

As SpaceChain advances to mobile communication protocols for satellite service providers, the Google for Startups program and resources will help accelerate the adoption of advanced transaction protocols via space. This will enable SpaceChain to efficiently drive sustainable growth and scale up its global expansion efforts to meet the needs of progressive enterprises aiming to leverage space as a platform for business innovation.

SpaceChain’s plans for expansion include product line expansion and unique offerings that can be customized to meet different customer and industry needs. These offerings include space-based key management technology, smart contract and digital asset transaction capabilities, cloud computing solutions, blockchain space mission design and management, decentralized satellite infrastructure and applications, and cellular communications protocols for satellites.

The announcement of SpaceChain’s acceptance into the Google for Startups program is a significant development for the company. With Google’s extensive resources, SpaceChain is well positioned to accelerate the adoption of space-based transaction protocols and continue to lead the way in space-based blockchain innovation.

Also Read: SpaceChain Announces New Commercial Use Cases for Blockchain Industry in Space