While Elon Musk’s recent tweets have sent the crypto market into a downturn, his company SpaceX has collaborated with SpaceChain to send an Ethereum ( $1,316.95 ) node to the International Space Station.
The mission is happening as part of a partnership with SpaceChain, a platform that focuses on integrating blockchain technology in space.
In a Friday blog post, SpaceChain confirmed that an Ethereum ( $1,316.95 ) node had begun its flight on a SpaceX Falcon 9 rocket. Zee Zhang, SpaceChain’s co-founder and CEO, said of the update:
“We are thrilled in bringing the Ethereum ( $1,316.95 ) platform to space and validating why a decentralized satellite infrastructure created with space technologies is vital to realizing the full potential of blockchain applications.”
Once installed, tested and activated, the space node will enable SpaceChain customers to further enhance their blockchain capabilities for enterprise business and fintech applications, and perform highly secure on-orbit Ethereum ( $1,316.95 ) multisignature transaction services, with data uplinked and downlinked directly through a dedicated space encrypted communication network.
While some have speculated that SpaceX facilitating an Ethereum ( $1,316.95 ) node’s launch into space could be a sign that Musk is turning his attention to the second-ranked blockchain, his recent Twitter activity has been more focused on Bitcoin ( $19,519.98 ) and Dogecoin ( $0.060 ) in recent months.