Blockchain applications in the space industry: focus on space debris management and space governance
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School of Business |
Bachelor's thesis
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Authors
Date
2023
Department
Major/Subject
Mcode
Degree programme
Tieto- ja palvelujohtaminen
Language
en
Pages
26
Series
Abstract
As humanity continues to expand its efforts in outer space exploration and the number of satellite launches is growing rapidly, issues related to space debris management and space governance emerge. To conduct space activities sustainably, these problems should be solved before they turn into larger complications. To assess these issues, this paper examines the challenges that space governance and space debris management currently faces and whether or not these challenges could be solved through blockchain technology. As the thesis is conducted as a literature review, the findings of this paper are built upon existing literature in the aforementioned areas of the space industry. The challenges examined in this thesis, such as those related to the effective monitoring of space debris locations, have been identified as issues that could be addressed through the application of blockchain technology. Through the use of smart contracts, processes that would normally require human interaction could be automated to be carried out efficiently in space by unmanned spacecraft.Description
Thesis advisor
Seppälä, TomiKeywords
blockchain, space, DLT, satellite