Google has welcomed a new member into its highly acclaimed Google for Startups program. SpaceChain, a leading provider of space-based blockchain solutions, has been accepted into the program, which is designed to provide early-stage companies with the resources and support they need to build sustainable businesses over the long-term.
Under the program, SpaceChain will be able to strengthen its position in leading data and transactional integrity with space infrastructure. The company will also have access to Google’s extensive resources, which will open multiple opportunities for SpaceChain to explore more advanced processing applications onboard LEO satellites systems as well as future payload launches.
Cliff Beek, CEO of SpaceChain, said that the Google for Startups program and ecosystem will allow the company to confidently support its customers with significant infrastructure and resources as it scales up its team and operations to meet the increasing demand for space-based blockchain innovations.
Beek also noted that the program will enable a deeper collaboration between Google and SpaceChain on furthering the development of cloud applications and critical assets in space.
Founded in 2017, SpaceChain became the first satellite platform to offer secure custody, digital asset transactions, smart contract deployment, and Decentralized Finance Infrastructure (“DFI”) on space nodes.
Its goal is to provide advanced security and global access by integrating software-defined payloads to advance blockchain applications in orbit. With a network of nodes operating on satellites and the International Space Station (ISS), SpaceChain has successfully delivered space missions and achieved commercial deployment. Now, the company is poised to capture high growth and value.
As SpaceChain advances into mobile communications protocols for satellite service providers, the Google for Startups program and resources will help accelerate the adoption of advanced transactional protocols via space. This will enable SpaceChain to drive sustainable growth efficiently and scale up global expansion efforts to meet the needs of progressive enterprises aiming to leverage space as a platform for business innovation.
SpaceChain’s plans for expansion include expanding its product line and unique offerings that are highly customizable to meet diverse customer and industry needs. These offerings include space-based key management technology, smart contract and digital asset transaction capabilities, cloud computation solutions, blockchain space mission design and management, decentralized satellite infrastructure and applications, and mobile communications protocols for satellites.
The announcement of SpaceChain’s acceptance into the Google for Startups program is a significant development for the company. With Google’s extensive resources, SpaceChain is well-positioned to accelerate the adoption of space-based transactional protocols and continue to lead the way in space-based blockchain innovation.