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California Space Center announces blockchain system for space economy ‘Copernic’
The California Space Center has announced the launch of “Copernic” – a blockchain-based, finance-focused rights management system developed for the space industry.
Named after the legendary Polish astronomer Copernicus, Copernic will provide the infrastructure for the future space economy and ecosystem to be built upon. Eva Blaisdell, founder of the California Space Center endeavor, announced further details in Los Angeles on September 29 during the Mars City Design Gala Awards event at Annenberg Center.
Elon Musk, the founder of SpaceX, Tesla, and Paypal, recently presented plans at the ICA in Guadalajara outlining the next era of space exploration and the first steps towards colonization. Copernic is so designed as to be a platform for the Space Colonization Era, the press release said. With a system designed to be functional both on Earth and in space, Copernic aims to give the ecosystem an efficient and transparent platform for the transfer of value and registration of rights.
With Copernic, space “assets” will have a precise, defined value that can be transferred and realized for the first time. At first, the California Space Center will establish this platform to serve as a framework of transactions between space-related activities here on earth. It will include a present use-case for Copernic to assist in the sale of space-related fashion, music, and entertainment, while allowing for the execution of the planned $300 million Space Center development.
Based in Los Angeles, the California Space Center is platform and facility focusing on the future economy of space. It aims to develop the industry’s potential economy, through everything from the development of education initiatives, VR entertainment, fashion and wearables.
“Now is the time to embrace the limitless possibility of the Space Economy. The economy should not rely on sluggish and inefficient systems that currently dominate earth operations,” said Blaisdell. “Blockchain is rapidly becoming an integral part of the most advanced systems on earth. Just as with rocket technology, the foundation for space’s economy should be based on future standards. Tremendous distance is only one of the many problems that must be solved with a future system; a blockchain with independent integrity is required for the space economy to grow.”
Partnership with Coinfirm
With skyrocketing potential for transactions between Earth and space, Blaisdell sees Copernic as a catalyst for future economic growth. The California Space Center has engaged the Coinfirm Blockchain Lab, a project from the central European leader in blockchain compliance, to oversee the development of the platform. Coinfirm will provide its blockchain AML risk and compliance platform in order to ensure that Copernic will be able to establish trust and to connect with financial systems on Earth.
Copernic will be the platform to develop blockchain applications within the space industry. To that end, California Space Center plans to open the first blockchain Laboratory dedicated to space applications, and is now accepting applications from potential partners.