The partnership will give the wider commercial market access to excess satellite imaging power, downlinking power, and low-cost secondary sales to lower the cost of Earth Observation (EO) data.
Why it matters
An open marketplace applying Web3 technology and distributed computing would allow new commercial accessibility and drive the shared goal of democratising space data to improve life on earth.
Go deeper
A developer of next-generation EO data delivery infrastructure, Sfera Technologies will work with Copernic Space to identify and deploy groundbreaking EO data solutions on their marketplace. A Web3-based platform for space assets that enables space companies to tokenise and offer their assets such as payload or satellite data to the commercial market, Copernic Space stands as the economic infrastructure for space in the digital world.
The companies will work together on designing and developing new data offerings, maximising the potential customer reach of the data, and opening new opportunities to acquire EO products by companies and organisations around the world using blockchain technology.
EO data can play a crucial role in the energy transformation of the global economy, environmental conservation, financial services, and urban planning. Available delivery channels are still limited by a number of factors, like data formats not suitable for consumption by smaller businesses with no GIS/data analysis capabilities or high prices of the data products. Sfera and Copernic seek to change this by designing new market mechanics and tools and deploying new data delivery solutions that not just increase commercial access and utility but affordability.
Zdravko Dimitrov, founder of Sfera Technologies, said:
“Our collaboration with Copernic Space is yet another step in bridging the space industry with the Web3 space and unlocking the power of blockchain-based solutions. It’s also a great example of a shared vision in how space can be democratised – and by working together with the Copernic Space team, this amasing vision comes closer to reality. We’re happy to embark on this journey with them.”
Grant Blaisdell, Co-Founder & CEO of Copernic Space, added:
“Sfera’s great vision on tokenising satellite data and Cudos’ computation approach for this environment will create a new class of space assets for the commercial market on Copernic Space. Along with the features of our platform introducing true utilities attached to space assets along with a secondary market, assets created by Sfera will become discoverable and available to the commercial market like never before.”
The companies will work towards creating a data delivery system that integrates Sfera’s data infrastructure with Copernic’s tokenised marketplace technology. This will enable users to acquire data faster and cheaper from multiple sources, secure a more versatile access approach, and customise data access and procurement requests.
Cudo Compute, the decentralised cloud network partnering with Sfera and Copernic will provide distributed computing and enable additional agility. The results of this collaboration will set the standard for how these types of space assets are accessed, acquired, utilised, and even traded in the future.
Pete Hill, VP of Corporate Development at Cudo Compute, commented on the partnership, saying, “The Cudo Compute team is excited to work with Copernic and Sfera to help drive the commercialisation of space and enable the inclusion of EO in the Web3 conversation.”
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About Copernic Space
Copernic Space is building the economic infrastructure for space. The Web3 platform for space assets and investments, Copernic Space enables space ventures to tokenize and offer their assets to the commercial market while empowering companies and individuals to have ownership in the space economy of tomorrow, today. As we lead into the first Moon asset sales on our platform, we launched Spaceibles, the digital market for space creators and collectors.
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About Sfera Technologies
Sfera Technologies is a visionary NewSpace company. Operating with the belief that the space era is still in its infancy, Sfera Technologies is focusing on the design and implementation of standardized, efficient, organically growing infrastructures that will enable access to space for everyone. HomePort is the first step in the company’s long journey of building infrastructures for a new era.
Follow Sfera Technologies on LinkedIn or visit HomePort’s website.
About Cudo Compute
Cudo Compute is an ecosystem providing access to decentralised and sustainable cloud computing resources by leveraging underutilised computing power on idle hardware globally.
We are the Airbnb for sustainable computing. Like Airbnb’s marketplace, which allows owners to rent out their unused homes, we facilitate businesses and individuals to lend their hardware’s unused compute to users/organisations that might need it. Our platform allows organisations and developers to deploy, run and scale based on their cloud demands.
Learn more: Website, LinkedIn, Twitter, YouTube, Contact us
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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