PR84079

SINGAPORE, May 19, 2020 /PRNewswire=KYODO JBN/ --

Initiative furthers SpaceChain Foundation's decentralised network

infrastructure vision and uncovers new possibilities for Internet of Things

(IoT) applications

SpaceChain Foundation(http://www.spacechain.com/) today announced it has

contracted and invested in Core

Semiconductor(https://www.coresemi.io/Live-Site), an innovator in provably

secure computing platforms for all connected devices, to produce the world's

first open-source hardware platform capable of providing a downlink to mobile

phones and small devices directly from satellites in orbit, without the use of

a satellite dish on Earth or a third-party network.

With security inherently built-in, the technology is designed with the

blockchain industry in mind and to bring blockchain applications to a global

user base.

Core Semiconductor has designed the platform to be small enough to fit inside

any handheld device. With a commodity price point, the platform is affordable

and is easy to deploy, making it perfect for any company or hobbyist to

incorporate. The technology is designed for low bitrate applications of around

1250 bytes per minute, making it ideal for verifying blockchain hashes and

encrypted signatures.

"GPS is a low datarate protocol that has transformed the way we navigate the

world and created over US$400 billion in equity value," said Jeff Garzik,

SpaceChain Foundation co-founder and CTO. "We want to do the same for emerging

digital economies. Adding secure direct downlink and location capability to

devices on a robust multi-layer global decentralised infrastructure will bring

blockchain to mass adoption."

As the hardware platform is open-source, anyone can verify the security and

correctness of the design themselves, directly on GitHub. The public is

encouraged to check out the code and test it out at https://github.com/coresemi

and https://github.com/coresemi/gnss-baseband.

"We look forward to our long-term partnership with SpaceChain as we

collectively uncover new possibilities and opportunities with next-generation

open-source innovations," said Jeff Dionne, CEO, Core Semiconductor. "This

milestone underscores how we can unlock the benefits of the New Space Economy."

SpaceChain Foundation believes in the future of open-source blockchain hardware

and is an investor in Core Semiconductor. This partnership allows for

accessibility and unencumbered collaborations, and marks the beginning of a

number of planned components to support decentralised space hardware and the

New Space Economy.

About SpaceChain Foundation

SpaceChain Foundation fosters decentralized infrastructure for the New Space

Economy. By combining space and blockchain technologies SpaceChain Foundation

is making the development of space applications easier and making space more

accessible. For more information, visit www.spacechain.com.

About Core Semiconductor

Core Semiconductor is a fabless semiconductor manufacturer aiming to provide

the world's first provably secure open computing platform for all connected

devices, creating an end-to-end solution with hardware enforced security. Core

Semiconductor is dedicated to democratizing access to secure device

technologies. We envision a future in which trust and security is guaranteed in

every interaction with the digital world, protecting our fundamental rights to

privacy and freedom of communication and thought. For more information, visit

www.coresemi.io.

SOURCE:  SpaceChain Foundation