Taking Blockchain to New Heights
Helios is building out a blockchain service specifically for remote and unconnected parts of the world. The Helios Wire satellite constellation, currently under development, will function as the basis of this blockchain infrastructure.
Enabled by M2M, the ability for machines to make transactions between one another, blockchain takes IoT technology one step further; allowing IoT machines to become autonomous, not just connected.
From Access Points to Blockchain Nodes
The Helios access points on the ground are similar to blockchain nodes in that they house storage, computing power, and electricity, with connectivity. With some small modifications — including more storage and power — they can be augmented to double as blockchain nodes.
Access points used to collect data that’s transmitted by IoT technology are extremely similar to blockchain nodes, which are key components in the blockchain system — they are essentially small computers.
The Helios access points will be modified to operate as blockchain nodes in remote parts of the world — in areas like Africa and India, where only five or six nodes would be required to cover five to six miles.
These nodes can also be incorporated into the Helios satellites to provide non-terrestrial backups to the blockchain. Nodes will connect to cellular networks as well as the Helios space segment.
How ‘Blockchain from Space’ Works
Our global satellite connectivity allows for the provision of blockchain, cryptocurrency services and technology into under-connected regions of the world, including those areas that currently have no access to the blockchain.
In the case of cryptocurrency, the nodes become a banker, and each transaction is a micropayment. Every node will allow the owner to operate as a regional bank, processing bitcoin transactions within their region, and the banker then gets a small commission for each micropayment.