ConsenSys Acquired an Asteroid Mining Company

Feb 06, 2019   |   by Marianne White   |   Current Events

The Story

The blockchain software technology firm ConsenSys acquired the asteroid mining company Planetary Resources Inc. Wednesday, October 31st. The reason was to bring “deep space capabilities” to the company. But what was even more interesting was the President and CEO of Planetary Resources, Chris Lewicki, said that “[the acquisition] reflects our belief in democratizing and decentralizing space endeavors to unite our species and unlock untapped human potential.” Would anyone have ever guessed that when Bitcoin was first released, space exploration, space material mining, etc would be possible via cryptocurrencies? How far this community has come and the achievements are astounding. While so many countries choose to try and control crypto, companies that embrace it have a real key to the future. Lewicki was with NASA’s Jet Propulsion Laboratory as the flight director for both the Spirit and Opportunity Mars rovers and landers. It is safe to say, this new endeavor is in good hands.

Crypto & Space

With NASA exploring the possibility of blockchain and a space coin, the crypto space has shifted to, well, space. People looking for investments for space exploration and study do not have the same government roadblocks for funding with ICOs. While still somewhat regulated, ICOs do not require any potential favors for funding. These specialists are free to pursue projects of their choosing and only need to ensure that their investors are happy - not their legislators and lobbyists. It also offers normal everyday taxpayers an opportunity to apply an amount of their choosing into whatever space project they feel the most connected to. Instead of the government being the only decider of how space programs are run and to what cost. It puts much more power into the hands of citizens and not just the governments. No one can predict where a team of cryptocurrency and space exploration will take us in the future, but it does show us that the power of the blockchain goes beyond even our planet.

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Marianne White