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DECEMBER 2017

In both the Outer Space Treaty and Moon Treaty it is clearly stated that for the private exploration and appropriation of space resource to take place, consensus of "all mankind� is needed. We believe that blockchain technology can help to develop a fair consensus mechanism that will benefit humankind in its entirety. That will involve processes for establishing claims, profits, and equitable sharing, and blockchain technology will play an important role in a new governance model and may facilitate collaboration and tracking of various transactions and interactions within this innovative and revolutionary new space industry. MAKING A BIGGER LEAP FOR CRYPTO Identity is a reflection of a complex relationship between the social and the personal. The Crypto community is a social system comprised of a diverse set of actors. Whilst there is a perceived connection between people in crypto, based on overlaps of intent, identity, interest and experience, it 22

remains vaguely undefined. Norms and values of the crypto community are questioned by society and receive a lot of negative press coverage. For this reason, it is important to have a grand vision which goes beyond simple speculation and ultimately forms a foundational step towards the creation of a new and more transparent economic system and society. Fluctuations in markets, the fork crisis and contentious, highly consequential token sales combined with a rise in Bitcoin price has meant that 2017 is an inflection year, the year we must and will decide whether the crypto community has the ability to solidify our interests and collectively enable the token economy to expand, by pursuing a visionary approach and supporting projects outside the closed community – projects which truly matter to humanity. It is time to think outside of the box. We firmly believe that now is the correct time for implementing the way forward for leading the world in space explo-

ration. In (figure 1), it is shown that the crypto economy is already capable of supporting large-scale space missions. The risk profile and benefits of crypto currency itself are very alike, with the risk and potential benefits associated with space exploration. It can also bring a different level of liquidity into space projects in the future, making public, direct participation in space programs a reality. This in return can drive valuation of tokenised assets and crypto currency to a new level, whilst creating a positive image for the crypto community itself. Spacebit is set to be a pioneering force, and this is where its competitive advantage comes into play. Collaboratively, we should reaffirm the value of crypto currency and demonstrate our engagement in important and visionary projects such as the space industry through establishing projects which connect with a real-world economy. The sooner we make these commitments, the more likely we are to succeed as a group and the quicker we will all benefit from the extraordinary returns. Spacebit has already attracted substantial interest from the space industry with a large number of collaborators around the world. We invite everyone from the blockchain community to participate in the future of space exploration together.

ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...

ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...

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