California Space Center Launches Blockchain System 'Copernicus' to Provide Infrastructure for Space Economy and Ecosystem

In a press release sent to CoinReport, California Space Center (CSC) founder Eva Blaisdell announced the launch of ‘Copernic,’ a finance-focused blockchain title management system developed for space enterprises.

CSC said the system was named after the legendary Polish astronomer Copernicus, who will provide infrastructure for the future space economy and ecosystem.

The press release mentioned that Elon Musk (founder of SpaceX, Tesla and PayPal) recently outlined the first steps of the next era of space exploration and space colonization at the ICA in Guadalajara, and then said that Copernic is designed as a platform for the space colonization era. Through this system that can function both on Earth and in space, CSC said that Copernic plans to provide this ecosystem with an efficient and transparent platform for ownership registration and value transfer.

Copernic will enable space 'assets' to have a tangible, clear value that is real and transferable for the first time. CSC will initially create the platform as a framework for transactions between space-related activities on Earth. The platform will include Copernic's current use cases of helping to sell space-related entertainment, music and fashion, while also executing on the planned $300 million space center development.

The center said in a press release that they are focused on developing vertical markets that are not involved in the traditional space industry, especially the future economy. While other space industry companies focus on important physical space goals, such as transportation, CSC said they plan to develop the future economy of the space industry through the development of everything in other industries, such as educational programs, VR entertainment, fashion and wearable devices.

Eva Blaisdell, founder of the California Space Center

“Now is the time to embrace the possibilities of a space economy. This economy should not be dependent on the slow and inefficient systems that currently dominate operations on Earth. Blockchain is quickly becoming an integral part of the most advanced systems on Earth. Just like rocket technology, the foundations of the space economy should be built on future standards. Great distances are just one of many problems that future systems must solve; blockchains with independent integrity are exactly what the space economy needs.”

The possibility of trading in space and between space and Earth is skyrocketing, the release said. Blaisdell believes Copernic is a catalyst for future economic development. CSC also announced in the release that they have reached a cooperation with Coinfirm Blockchain Lab to jointly manage the development of currencies and platforms. The lab comes from Coinfirm, a leading blockchain compliance company in Central Europe. Although Copernic will not pin its hopes on the traditional financial system, CSC said that risks must be mitigated. In response, Coinfirm will provide its blockchain AML risk and compliance platform in the cooperation to ensure that Copernic can establish trust and connect to the financial system on Earth.

“Copernic will serve as a platform for developing blockchain applications in the space sector. To this end, the California Space Center plans to open the first blockchain lab dedicated to space applications and is currently accepting applications from potential partners.”