Nasa to Use ETH Blockchain For Deep Space Exploration

Project funded by NASA is looking to use the ETH blockchain’s smart contracts technology to automate spacecraft maneuvering while avoiding space debris
17 April 2018   605

A research project called "A sample of fault-tolerant network interaction and computation" is headed by  Dr. Jin Wei Kocsis, assistant professor, specializing in the field of computer technology. This is reported by CCN.

Kocsis received a three-year grant of $ 330,000. She intends to use it to develop a cognitive architecture that will allow the aircraft to travel in outer space without relying on critical data from Earth scientists.

Instead, smart contracts based on Ethereum will help them "think on their own" in the process of detecting and evading debris that could cause serious damage to the device in the event of a collision.

In this project, the Ethereum blockchain technology will be exploited to develop a decentralized, secure, and cognitive networking and computing infrastructure for deep space exploration. The blockchain consensus protocols will be further explored to improve the resilience of the infrastructure.

Dr. Jin Wei Kocsis

Assistant professor of electrical and computer engineering, University of Akron 

Kocsis believes that the decentralized infrastructure will, among other things, help automate the collection of data, which in turn will free up human resources, currently conducting complex calculations during flights, and throw them into data analysis.

I hope to develop technology that can recognize environmental threats and avoid them, as well as complete a number of tasks automatically.

Dr. Jin Wei Kocsis

Assistant professor of electrical and computer engineering, University of Akron 

Whether the project will use a public or private version of Ethereum blockchain is unknown.

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   82

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.