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News

Filecoin Foundation and Lockheed Martin to bring IPFS to space

May 24, 2022 - Around 3 mins mins to read
The Filecoin Foundation and the military-industrial conglomerate Lockheed Martin have announced plans to collaborate to design decentralized storage for the space industry.
Filecoin Foundation plan demonstration of decentralized data storage in space
Filecoin plan demonstration of decentralized data storage in space

Lockheed Martin (LMT) is working with the Filecoin Foundation to demonstrate a blockchain network in space, the organization announced on May 23 at the World Economic Forum’s annual meeting in Davos, Switzerland.

LMT and the Filecoin Foundation are said to soon create an open-source blockchain network accessible to the universe. Both plan to build infrastructure to share information, speed up the communication process and reduce storage costs between earth and space.

The main engine used for decentralized storage is the Interplanetary File System (IPFS), a decentralized storage and data sharing protocol that uses asset addresses to uniquely identify files. IPFS is the underlying technology for the Filecoin network.

Joe Landon, vice president of advanced programs development at Lockheed Martin Space, said the goal of the project is to develop a mission to demonstrate IPFS, in space.

Web3 projects often use IPFS to remove centralized and limited storage systems from companies like Google or Amazon. For example, IPFS is how a Tezos-powered marketplace called Hic et Nunc (now Teia) managed to stay afloat after the platform’s founder unexpectedly abandoned the project.

image 298
 IPFS is the decentralized storage solution that relies on a peer to peer (P2P) network rather than centralized server farms

Landon said critical infrastructure is needed in space for accessing and sharing data:

“We need to develop the technology to support a long-term presence in space without having to rely entirely on Earth-based communications and data storage,” he said. 

Marta Belcher, president and chair of the Filecoin Foundation, said today’s centralized internet model “just doesn’t work in space.”

“Every time you click, that data has to be retrieved from a particular server in a particular place. That means that if you’re on the moon, there’s going to be a multi second delay while that data travels from Earth, but with IPFS data isn’t retrieved by where it is, but rather by what it is, so it can be retrieved from whatever’s closest to you, eliminating that delay,” she said.

Following the initial steps, between now and the end of August 2022, Lockheed Martin and the Filecoin Foundation will conduct an initial study to:

  • Determine the spacecraft platform to accommodate the initial IPFS payload, which will relay data between Earth and other spacecraft into space.
  • Check mutual compatibility requirements for spacecraft, satellite main body, and IPFS payload.
  • Locate the opportunity and exploit more benefits of IPFS in the universe.

However, this can be a pretty good signal for Filecoin (FIL), because this is considered one of the expected applications where the platform puts its blockchain technology into practice. On the other hand, this event also marked the return of FIL’s development after a long period of “silence” in the past year, since the project became a “fever” in China in April 2021.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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Harold

CoinCu News

FIL

Filecoin

Filecoin Foundation

IPFS

Lockheed Martin

space

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Filecoin Foundation and Lockheed Martin to bring IPFS to space

The Filecoin Foundation and the military-industrial conglomerate Lockheed Martin have announced plans to collaborate to design decentralized storage for the space industry.
Filecoin Foundation plan demonstration of decentralized data storage in space
Filecoin plan demonstration of decentralized data storage in space

Lockheed Martin (LMT) is working with the Filecoin Foundation to demonstrate a blockchain network in space, the organization announced on May 23 at the World Economic Forum’s annual meeting in Davos, Switzerland.

LMT and the Filecoin Foundation are said to soon create an open-source blockchain network accessible to the universe. Both plan to build infrastructure to share information, speed up the communication process and reduce storage costs between earth and space.

The main engine used for decentralized storage is the Interplanetary File System (IPFS), a decentralized storage and data sharing protocol that uses asset addresses to uniquely identify files. IPFS is the underlying technology for the Filecoin network.

Joe Landon, vice president of advanced programs development at Lockheed Martin Space, said the goal of the project is to develop a mission to demonstrate IPFS, in space.

Web3 projects often use IPFS to remove centralized and limited storage systems from companies like Google or Amazon. For example, IPFS is how a Tezos-powered marketplace called Hic et Nunc (now Teia) managed to stay afloat after the platform’s founder unexpectedly abandoned the project.

image 298
 IPFS is the decentralized storage solution that relies on a peer to peer (P2P) network rather than centralized server farms

Landon said critical infrastructure is needed in space for accessing and sharing data:

“We need to develop the technology to support a long-term presence in space without having to rely entirely on Earth-based communications and data storage,” he said. 

Marta Belcher, president and chair of the Filecoin Foundation, said today’s centralized internet model “just doesn’t work in space.”

“Every time you click, that data has to be retrieved from a particular server in a particular place. That means that if you’re on the moon, there’s going to be a multi second delay while that data travels from Earth, but with IPFS data isn’t retrieved by where it is, but rather by what it is, so it can be retrieved from whatever’s closest to you, eliminating that delay,” she said.

Following the initial steps, between now and the end of August 2022, Lockheed Martin and the Filecoin Foundation will conduct an initial study to:

  • Determine the spacecraft platform to accommodate the initial IPFS payload, which will relay data between Earth and other spacecraft into space.
  • Check mutual compatibility requirements for spacecraft, satellite main body, and IPFS payload.
  • Locate the opportunity and exploit more benefits of IPFS in the universe.

However, this can be a pretty good signal for Filecoin (FIL), because this is considered one of the expected applications where the platform puts its blockchain technology into practice. On the other hand, this event also marked the return of FIL’s development after a long period of “silence” in the past year, since the project became a “fever” in China in April 2021.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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