NASA to Utilize Ethereum Blockchain Technology

NASA awarded a grant for research involving blockchain technology and reportedly plans to use Ethereum blockchain in space networks
26 January 2018   1466

Thomas Kacpura, advanced communications program manager at the NASA agency's Glenn Research Center, told in an interview with ETHNews that NASA would likely have important implications on its space networks and may eventually impact the private sector as well.

This is the first time NASA's Glenn Research Center is exploring ETH blockchain technology in the context of space communications and navigation, and it aspires to apply blockchain and distributed intelligence to the space and ground network communication assets.

This effort would support decentralized processing among NASA space network nodes in a secure fashion, resulting in a more responsive, resilient scalable network that can integrate current and future networks in a consistent manner. It is expected that the potential is high to contribute to the next generation space networks, and also allow tech transition of these algorithms for commercial systems.
 

Thomas Kacpura
ACP Manager, Glenn Research Center

NASA is currently carrying out a research with the goal to design a secure and decentralized computing and data analysis infrastructure, which should lead to a data-driven and cognitive management architecture.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   226

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.