Planetary Resources may use blockchain for space mining rights and funding

/, cryptocurrency, ico/Planetary Resources may use blockchain for space mining rights and funding

Planetary Resources may use blockchain for space mining rights and funding

A delay in funding from February 2018 forced Planetary Resources to lay off some of its 70 employees.

Planetary Resources had planned on using several small spacecraft, launched as secondary payloads in 2020, fly to near-Earth asteroids to measure their water content. The funding issue will delay that mission.

Planetary Resources is reconsidering its reliance on a venture-funded model.

There are financing approaches used in terrestrial mining, such as special purpose vehicles, but Chris Lewicki noted that those rely on secured mineral rights that don’t exist for extraterrestrial bodies. Chris considering blockchain for space mining rights.

Nextbigfuture interprets this to mean possibly using tokens or ICOs.

By | 2018-05-04T23:34:08+00:00 May 4th, 2018|Categories: blockchain, cryptocurrency, ico|Tags: , , |Comments Off on Planetary Resources may use blockchain for space mining rights and funding

About the Author:

Brian Wang, MBA and BSc, is a business oriented futurist, speaker and author of emerging and disruptive technologies. Sole author and writer of nextbigfuture.com, a science focused news site that covers disruptive technologies and trends globally in industries including Medicine, Technology, Science, Artificial Intelligence, Robotics, Biotechnology, Nanotechnology, etc. Nextbigfuture is Ranked #1 “Science News Blog” worldwide by Alexa, an Amazon company. Website traffic: 2M page views per month and 4M unique readers annually. Lecturer at Singularity University - provided 4 annual reviews of developments in nanotechnology. Sought after speaker at TEDx (lecture on Energy), University of Toronto (futurism) and Transhuman Visions. Contributor on 10-year plan for the Institute for the Future.