Filecoin Foundation Plans to Deploy IPFS in Space

Reading time: < 1 minute

The Filecoin Foundation and Lockheed Martin Corporation are reportedly working together on the development of an Interplanetary File System (IPFS) deployment program in space.

Both companies plan to create an infrastructure to reduce costs and speed up the exchange of information outside the earth’s space.

Joe Landon, Vice President of Lockheed Martin, has said:

“Soon space will no longer be just a destination. It will be home to a new economy independent of the Earth. The work we are doing with Filecoin strengthens the investment in building the necessary infrastructure. We need to develop the technology to support a long-term presence in space.”

Martha Belcher, President of the Filecoin Foundation, has said that the modern Internet “doesn’t work in space.” For that reason, messages sent from the Earth top the moon, for example, have a delay of several seconds. The IPFS will allow content to be is retrieved from the nearest available locations, reducing considerably.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.