PARIS, Sept. 13, 2016 /PRNewswire/ -- 20th Summit for Satellite Financing 2016 – Cloud Constellation Corporation today announced that it has entered into an agreement with The SolarCoin Foundation (SCF) whereby SCF will purchase orbital storage capacity on Cloud Constellation's SpaceBelt™. The company's storage solution offers SCF the first blockchain currency wallet in space. Visit http://solarcoin.org/en/front-page/ to learn more about SolarCoin.
Cloud Constellation's SpaceBelt will become SCF's primary connectivity provider for SolarCoin space transactions with prospective customers.
A new data storage paradigm: The SpaceBelt Information Ultra-Highway™ is a unique satellite network designed to provide secure storage and transport of mission-critical, sensitive data without interruption or exposure to any surreptitious elements or unintended jurisdictions.
Securing data in space: Through SpaceBelt's unique blockchain technology, SolarCoin will be able to provide its customers with an inviolable record of their transactions, and parties can be recorded and viewed via the internet. SCF will purchase space on the SpaceBelt network to securely host its Cold Storage Vault and protect its $5 billion treasury of SolarCoin currency.
First currency transaction from space: When operational, SolarCoin will be the first currency transaction sent to and from space. Click here to view video.
A green-focused currency: SolarCoin is a global crypto-currency program that rewards owners of solar power systems. The rewards are converted to Bitcoins that can then be used to purchase goods and services or converted to hard currency. The free program has provided SolarCoins to members in 23 countries.
Nick Gogerty, founder, The SolarCoin Foundation, said: "Crypto-currency is a hot commodity – so hot, in fact, that hackers have already pulled off heists that have left consumers empty-handed. We wanted to find a way to securely store our currency, and the SpaceBelt is a perfect fit. We look forward to working with Cloud Constellation to enable the first currency transaction to and from space."
Cliff Beek, Cloud Constellation President of SpaceBelt, said: "We created SpaceBelt to address the serious security gaps in current network infrastructure of data transport and storage. Along the way, we found many applications for this technology, including the financial sector, which is notoriously vulnerable to attack. It's exciting to work with forward-thinking organizations like SolarCoin Foundation, which not only recognize the possibilities of space-based storage, but also share our mission of reducing the carbon footprint. We are working together to secure the future of data storage and of our planet."
About Cloud Constellation Corporation Cloud Constellation's SpaceBelt™ is a patent-pending high-speed global cloud storage network of space-based data centers, each seamlessly interconnected together to provide exclusive and secure cloud infrastructure to service providers, enterprises and governments around the world. Additional information is available at www.SpaceBelt.com.
About SolarCoin SolarCoin is a reward given freely verified producers of Solar electricity at the rate of 1SLR per 1 MWh (MegaWatt hour) of production. SolarCoin uses a low carbon green blockchain technology to create a record of and reward global solar energy production. In conjunction with www.electricchain.org, SolarCoin is working to advance solar energy production globally. www.solarcoin.org