SpaceChain enables the HSR community to expand its reach globally through satellite networks
To accommodate for the needs of HSR community members who do not have access to either broadband or cellular networks, Hcash China has partnered up with the satellite global delivery network provider, SpaceChain. This new partnership will allow those users without internet access the ability to download HSR Blockchain files in real-time.
Thanks to this new network, Hcash members from any corner of the world will have the ability to participate in community activities, stay updated, and transact with other users.
Transmitting files through satellite networks provides a geographical advantage over traditional networks as satellites can cover a much wider area. Currently, Fiber and cellular networks only cover 5% of the Earth’s surface. This means that those living outside these regions find themselves unable to participate in any internet or Blockchain activities, and at Hcash, we wholeheartedly believe that everyone should have fair and equal access to the Blockchain revolution.
SpaceChain believes that its services will add a new dimension to Blockchain’s core concept of being a distributed ledger system by allowing it to surpass earthly network limitations. They will do this through the use of 72 low earth orbit satellites which will act as Blockchain nodes. Subsequently, this will help up to 3 billion people, and 1 trillion devices access Blockchain networks.
SpaceChain works in three dimensions, only investing in projects that:
- Utilize satellites and other methods of communication above the earths atmosphere to increase and create network access where previously inaccessible;
- Allow more people to physically reach space easier; and
- Expand our knowledge and understanding of space
For the project to achieve its ambitious goal, the company have employed several of the industries top experts, including:
- Jeff Garzik, a former Bitcoin core developer and board member of the Linux Foundation;
- Tim Draper, the legendary investor whose previous portfolio includes: SpaceX, Tesla, Baidu, OKcoin and Coinbase;
- Patrick Dai, chairman of the Qtum foundation; and
- YanYan, president of the Softbank Asian Infrastructure Fund
Additionally, it goes without saying that the companies engineering team plays a pivotal role in their success, thus, SpaceChain have employed several experts from the China Aerospace Research Institute, Chinese Academy of Sciences and China Commercial Space Corporation. Along with this, SpaceChain have also created partnerships with a number of national space agencies and commercial space companies.
With their help, Hcash and other Blockchain currencies will be able to reach more people than ever, allowing for those even without a bank account the ability to store wealth, transact and remain linked with the rest of the world.