A study of how to implement innovative space projects in the bitcoin era
- Paper number
IAC-19,E6,5-GTS.1,5,x52425
- Author
Mr. Luis Ángel Castellanos Velasco, Mexico, Universidad Nacional Autónoma de México
- Year
2019
- Abstract
\tab Since the beginning of the digital era, the possibilities of financing and capitalizing a business have multiplied and with the age of the internet, there are new and different financial instruments or investment methodologies to get capital for an idea or innovation from any corner of the world. This opens a window of opportunity for any person or group of enthusiasts with a computer and a minimum connection of 10 Mbps to access the world of business.\\ \\One of the many tools for this purpose that requires a lot of energy for its design, implementation, maintenance, as well as an open mindset, is an {\bf ICO} ({\bf I}nitial {\bf C}oin {\bf O}ffering, which the dictionary Webster defines as {\it an initial offering of a cryptocurrency to the public}).\\ \\It is through the market of the ICOs that our multidisciplinary group finds a way to finance the construction and testing a prototype of an electromagnetic space thruster that we have patented. Furthermore, while the value of the cryptocurrency grows as it is exchanged in the blockchain market, it will be possible to install the first laboratory of space systems in Mexico based on blockchain technology.\\ \\In this paper, we will present the challenges, procedures, and learnings of introducing an ICO in the market of cryptocurrencies to finance space projects.\\ \\We believe that the growing blockchain market is a great opportunity to finance innovative space projects (eg {\it SpaceChain}), especially in an era where private financing for space technology is growing.
- Abstract document
- Manuscript document
(absent)