Indian startup Accubats plans to launch first blockchain satellite

Kercub, India-based startup Accubits plans to launch a 12-kilogram low-Earth orbit satellite Chainsat into space and establish a blockchain ledger to provide a secure transaction network for financial and IoT systems. It is reported that Chainsat has two main purposes: first, it will serve as a node of the private blockchain network or blockchain alliance; second, it will enable a communication channel between different nodes of the blockchain network.