"The idea is that if you can provide a root of trust that is literally in outer space, you have something that has an unprecedented level of security because this is a fully tamper-proof Trusted Execution Environment."
At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one of those grandiose ideas that never got much further than a vague outline in an ICO white paper back in 2017.
But when the plan comes from a team including a Google X engineer and the co-founder of the first private mission to reach the moon, the project suddenly seems a lot more feasible.
The idea behind CryptoSat which was indeed first outlined in a November 2017 paper is to build a prototype nano-satellite the size of a coffee mug and launch it into outer space, where it can act as a perfectly isolated and secure cryptographic module.
Once the concept is proven sometime next year hopefully an entire constellation of CryptoSats can be launched to orbit the Earth, providing blockchain infrastructure that can be used for everything from mining to timestamping documents.
While it isn’t the first project to combine blockchain and space Blockstream and SpaceChain do as well CryptoSat has some unique features and an impressive core team.
Well that sounds expensive
As private space programs scale up, its become surprisingly affordable to build a ‘CubeSat‘ using off-the-shelf components, and then book some spare capacity on a launch to get it into orbit.