Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, May 26 2021 - 04:00
AsiaNet
SpaceChain and Eurasian Space Ventures Sign MOU to Spearhead Development of Joint Space Projects
ALMATY, Kazakhstan, May 25, 2021 /PRNewswire-AsiaNet/ --

IN CONJUNCTION WITH CONSENSUS [https://www.coindesk.com/events/consensus-2021] 
BY COINDESK [https://www.coindesk.com/] – SpaceChain [https://spacechain.com/] 
and Eurasian Space Ventures (ESV) http://www.eurasian.space/ have signed a 
Memorandum of Understanding (MOU) for ongoing collaboration and developing 
joint projects in the field of space and blockchain technologies.

Founded by businessman and entrepreneur Shukhrat Ibragimov, ESV is a limited 
company registered in Kazakhstan which aims to serve as an international hub 
for space projects and related organizations looking to capitalize on the 
well-established space infrastructure and ecosystem in the country.

Under the agreement, both companies will exchange information and expertise, 
and cross pollinate ideas and develop joint projects in the field of space 
technologies over a period of two years.

SpaceChain will explore collaborative opportunities with its partners in the 
global space industry in leveraging the existing space facilities and 
infrastructure in Kazakhstan. ESV will facilitate communication with the 
National Space Agency of the Republic of Kazakhstan, also known as Gharysh 
Sapary, on behalf of both companies. 

“We are establishing a valuable partnership with SpaceChain to not only help 
showcase what Kazakhstan has to offer as an international space hub, but more 
importantly, to help organizations discover space as an innovation platform for 
competitive advantage and success,” said Shukhrat Ibragimov, founder of ESV. 
“By combining and integrating expertise and knowhow in blockchain and space 
from both companies, we are very excited to have taken the historical step with 
SpaceChain in driving innovation and further development in the democratized 
space sector.”

For a start, ESV will operate and manage two joint space projects co-developed 
with SpaceChain for digital currency exchange Biteeu [https://biteeu.com/], 
which will be deploying SpaceChain’s on-orbit space-grade infrastructure to 
perform ultra-secure Bitcoin multisignature transactions and data back-up; and 
Divine [https://www.divine.live/] - a community project that leverages space 
technologies to broadcast the Quran audio complimentary to Muslims and anyone 
looking to understand the Sacred Text of Islam across the world.

“We are entering a new era of space exploration and harnessing space 
technologies as a platform for business innovation. Partnering with ESV will 
complement our continuous efforts in building out an open-source 
blockchain-based satellite network that is secure and immutable for fintech and 
decentralized applications,” said Zee Zheng, SpaceChain co-founder and CEO. “We 
will continue to identify more commercial use cases for space technologies, and 
it is our firm belief that the collaboration with ESV will help accelerate the 
process.”

About SpaceChain

SpaceChain fosters decentralized infrastructure for the New Space Economy. By 
combining space and blockchain technologies SpaceChain is making the 
development of space applications easier and making space more accessible. For 
more information, visit www.spacechain.com.

About Eurasian Space Ventures

ESV's mission is to attract the commercial space industry’s leading companies, 
technologies and specialists to Kazakhstan as well as to serve as a 
one-stop-shop for the new projects and developments in the industry. For more 
information, visit www.eurasian.space
 
Logo - https://mma.prnewswire.com/media/1516973/SpaceChain_Logo.jpg
Logo - https://mma.prnewswire.com/media/1516972/Eurasian_Space_Ventures_Logo.jpg


Source: SpaceChain and Eurasian Space Ventures