GomSpace and J.P. Morgan test blockchain transaction on GOMX-4 constellation
GomSpace and J.P. Morgan have successfully utilized the GOMX-4 satellites for an in-orbit demonstration (IOD) and tested tokenized value transfer in space. The IOD from GomSpace enabled J.P. Morgan to test the world’s first bank-led tokenized value transfer in space, executed via smart contracts on a blockchain network established between satellites orbiting the earth.
GomSpace and J.P. Morgan successfully executed a transaction between two low earth orbit (LEO) satellites, which validated the approach towards a decentralized network where communication with earth is not necessary. This