Blockchain Software program Company ConsenSys Acquires Asteroid Mining Company

Blockchain program technologies organization ConsenSys Inc. has obtained American asteroid mining company Planetary Methods, Inc. by an asset-obtain transaction, in accordance to an announcement posted Oct. 31.

Launched in 2009 and previously acknowledged as Arkyd Astronautics, Planetary Methods is supposedly engaged in the exploration, extracting and refining of sources from asteroids. The enterprise, which reportedly has more than 30 buyers and has raised a lot more than $50 million in investments, has sent two satellites into orbit above the very last 6 months.

For every the new announcement, Planetary Methods has been acquired by ConsenSys to bring “deep house capabilities” into the ConsenSys ecosystem. Planetary Resources’ President and CEO Chris Lewicki and Counsel Brian Israel have joined ConsenSys subsequent the acquisition.

Commenting on the deal, ConsenSys Founder Joe Lubin said that “it reflects our perception in democratizing and decentralizing space endeavors to unite our species and unlock untapped human probable.”

Just before becoming a member of Planetary Methods, Lewicki was utilized by NASA’s Jet Propulsion Laboratory as Flight Director of the Spirit and Opportunity Mars rovers and Phoenix Mars lander.

Israel served in the U.S. State Department’s Office of the Lawful Adviser and was dependable for the international lawful proportions of outer area, ocean, and worldwide environmental governance issues. Israel mentioned that “Ethereum smart agreement performance is a purely natural answer for personal-ordering and commerce in area in which a numerous range of actors from a expanding selection of nations around the world need to coordinate and transact.”

This thirty day period, Lubin produced a $6.5 million investment to safe a minority stake in company distributed ledger (DLT) startup DrumG Systems. The startup aims to aid the adoption many interconnected distributed ledgers in the company earth.

In July, ConsenSys signed a Memorandum of Knowledge (MoU) with China’s Xiongan New Area government to carry blockchain know-how to the “smart city.” The business  will advise the Xiongan government on blockchain and computer software alternatives in order to create it as a “next technology intelligent city [and] primary blockchain innovation hub.”


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