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Aerospace & Defense

Startups in Southeast Asia eye space as next frontier for expansion

Tech companies hope to cash in on lucrative $415bn industry

A model of a satellite on display at the 2020 Global Space and Technology trade show in Singapore (Photo by Dylan Loh).

SINGAPORE -- Singapore-based startup SpaceChain has a grand vision for blockchain, with plans to take the digital ledger technology beyond this world and into space.

Blockchain, a decentralized means for storing and recording digital transactions which is best known for underpinning the use of the Bitcoin cryptocurrency, has quickly been embraced by tech companies around the world. But SpaceChain wants to take it further.

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