A secure transactional network for next-generation financial & Enterprise applications.Mission Announcement
CHAINSAT is a low earth orbit satellite developed by Accubits Technologies to establish an enterprise blockchain ledger that can enable a secure transactional network for next-generation enterprise blockchain applications. It facilitates a secure communication channel for enterprise consortium communication without any need to depend on the internet. Communication with the satellite will be established with UHF Telemetry with 115 kbps data and S-Band payload Transmitter with up to 5 Mbps data and an experimental X-band transmitter with up to 150 Mbps data. The satellite will have an onboard data storage of 4 TB in space hardened memory modules.
Blockchain technology, offers unparalleled security and trust among the users. Especially since it is not centrally controlled and it cannot be hacked, or manipulated. For a majority of business applications of blockchain, a secure interface between the blockchain ledger and network participants is required.However, the currently existing communication channel – the internet - doesn’t satisfy the security requirements demanded by enterprises. Due to the same reason, enterprise adoption of blockchain technology is in its nascent stage. Chainsat aims to fix this problem by facilitating an off-grid network for Blockchain transactions, that bypasses the terrestrial internet. Using Chainsat, the participants in the enterprise blockchain network can access the decentralized ledger via direct satellite communication.
On 31st January 2020, Accubits Technologies made its mission announcement to launch the world’s first enterprise blockchain satellite at The Space Technology Conclave organized by the government of Kerala.
Together we're building a secure transactional network for next-generation Blockchain enterprise applications.