Xage's blockchain-based software will connect military and civilian satellites with ground stations in a tamper-proof fashion.
Together with the United States Air Force Research Lab, the US Space Force (USSF) has employed a Silicon Valley-based Blockchain firm known as Xage Security to develop its data protection strategy.
Duncan Greatwood, chief executive of Xage, told Space News that its work with Space Force essentially comes down to one question: “how do you make lots of different satellites work together successfully and securely at the same time?”
‘Blockchain’ may just be the answer. Xage will use Security Fabric, a collection of proprietary blockchain-based software programs that have been designed to communicate with each other. Security Fabric uses blockchain to verify access to individual nodes in a network and to ensure that data provided by a network is trustworthy.
Xage’s Security Fabric will be specifically used to address the challenges associated with securely connecting military and civilian satellites with ground stations in a tamper-proof fashion.
“Each Element in the Space Network Has to Be Able to Make Security Decisions.”
In addition to the Space Force contract, Xage has previously worked on developing blockchain-based security solutions for oil and gas companies. Just as satellites need to'work together successfully and securely at the same time', Xage has built infrastructure that enables oil pads to operate independently and as part of a group.
“The ultimate goal here is to be able to bring this level of protection to space because you will get improvements in operational capabilities and also pretty significant cyber-risk reduction once no single point can be hacked to gain access the network,” Greatwood added.
Indeed, like oil pads, part of the challenge associated with satellite networks is that they continually change as satellites move in and out of view of ground stations. At the same time, nodes on the ground need to continuously determine whether data and imagery downlinked to a particular ground station are authentic or whether the data and imagery were modified, he added.
Therefore, “each element in the space network has to be able to make security decisions,” Greatwood explained.
In order to execute this successfully, a number of considerations need to be taken into account: “can I let that application access that particular data? Can I let that other satellite communicate with me or is it potentially a rogue satellite?”
Xage’s work with Space Force comes as the result of a $743,000 phase-two Small Business Innovation Research (SBIR) contract from AFWERX, the branch of the US Air Force responsible for fostering innovation. The contract was awarded in June. Xage originally began working with AFWERX in late 2019 under a phase-one SBIR contract worth roughly $50,000.
This is not the first time that a US government entity has contracted a blockchain firm for Cybersecurity needs. For example, CoinTelegraph reported that the U.S. Department of Defense awarded a contract to Indiana-based blockchain firm Simba Chain to provide security for sensitive research and development data in March of this year. Additionally, the Defense Advanced Research Projects Agency, or DARPA, has also been involved in blockchain since 2019.
Together with the United States Air Force Research Lab, the US Space Force (USSF) has employed a Silicon Valley-based Blockchain firm known as Xage Security to develop its data protection strategy.
Duncan Greatwood, chief executive of Xage, told Space News that its work with Space Force essentially comes down to one question: “how do you make lots of different satellites work together successfully and securely at the same time?”
‘Blockchain’ may just be the answer. Xage will use Security Fabric, a collection of proprietary blockchain-based software programs that have been designed to communicate with each other. Security Fabric uses blockchain to verify access to individual nodes in a network and to ensure that data provided by a network is trustworthy.
Xage’s Security Fabric will be specifically used to address the challenges associated with securely connecting military and civilian satellites with ground stations in a tamper-proof fashion.
“Each Element in the Space Network Has to Be Able to Make Security Decisions.”
In addition to the Space Force contract, Xage has previously worked on developing blockchain-based security solutions for oil and gas companies. Just as satellites need to'work together successfully and securely at the same time', Xage has built infrastructure that enables oil pads to operate independently and as part of a group.
“The ultimate goal here is to be able to bring this level of protection to space because you will get improvements in operational capabilities and also pretty significant cyber-risk reduction once no single point can be hacked to gain access the network,” Greatwood added.
Indeed, like oil pads, part of the challenge associated with satellite networks is that they continually change as satellites move in and out of view of ground stations. At the same time, nodes on the ground need to continuously determine whether data and imagery downlinked to a particular ground station are authentic or whether the data and imagery were modified, he added.
Therefore, “each element in the space network has to be able to make security decisions,” Greatwood explained.
In order to execute this successfully, a number of considerations need to be taken into account: “can I let that application access that particular data? Can I let that other satellite communicate with me or is it potentially a rogue satellite?”
Xage’s work with Space Force comes as the result of a $743,000 phase-two Small Business Innovation Research (SBIR) contract from AFWERX, the branch of the US Air Force responsible for fostering innovation. The contract was awarded in June. Xage originally began working with AFWERX in late 2019 under a phase-one SBIR contract worth roughly $50,000.
This is not the first time that a US government entity has contracted a blockchain firm for Cybersecurity needs. For example, CoinTelegraph reported that the U.S. Department of Defense awarded a contract to Indiana-based blockchain firm Simba Chain to provide security for sensitive research and development data in March of this year. Additionally, the Defense Advanced Research Projects Agency, or DARPA, has also been involved in blockchain since 2019.
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Coinbase Lists Meme Token PEPE as Price Surges 115%
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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