Cloud Constellation Corporation and SpaceChain Announce Partnership to Transform Blockchain-Based Commerce

LOS ANGELES and SINGAPORE, July 11, 2018 /PRNewswire/ -- Cloud Constellation Corporation and SpaceChain announced today they have entered into a partnership to develop a space-based market for decentralized currency exchange venues. Cloud Constellation and SpaceChain will collaborate to enable services that combine the secure, global data storage and communications capabilities of SpaceBelttm with applications based on SpaceChain's open source standard, SpaceChain OS. Services anticipated, but not limited to, include space-based cryptocurrency cold wallets and payment services that can be accessed by enterprise organizations, exchange operators and, ultimately, mobile end users.

Cloud Constellation's SpaceBelt Data Security as a Service (DSaaS) is a patented, scalable, space-based cloud service for securing high-value and highly sensitive data assets by providing data storage in space and global, secure managed network services. SpaceBelt services are a paradigm shift in data security that greatly mitigates the risk of a data breach by providing global isolation of a customer's data from inherently vulnerable global terrestrial networks.

• A constellation of eight satellites in low earth orbit (LEO) is networked with a redundant, self-healing optical ring for high availability.
• The SpaceBelt network communicates with secure access points located at enterprise, government and military facilities via connectivity with geosynchronous satellites (GEO).
• Individual cloud storage satellites and constellations can be offered to address an organization's storage and/or sovereignty requirements.

SpaceChain is building the world's first open-source, blockchain-based satellite network, allowing users to develop and run decentralized applications in space. The SpaceChain operating system, hosted in space, will be available to anyone, anywhere in the world, all while remaining secure, immutable and uncensorable through proven blockchain cryptography.

Zheng Zuo, co-founder and CEO of SpaceChain, said: "We are glad to find partners that share the same passion as we do. Cloud Constellation has made tremendous progress in building a data vault in space, and we at SpaceChain are excited to collaborate with them to provide our operating system and blockchain technical support to extend its use case and security level."

Cliff Beek, president and CEO of Cloud Constellation Corporation, said: "The combined technologies of SpaceBelt and SpaceChain will enable us to offer significant innovation and security to the cryptocurrency market. There hasn't been a more exciting time to be in the space industry."

Dennis R. Gatens, vice president of channel management and marketing, Cloud Constellation Corporation, said: "As cryptocurrencies and blockchain become embedded in the global economy, key infrastructure elements will be necessary in order to provide secure transactions and global connectivity. The intersection of our organizations' innovative visions will transform the traditional applications for satellites into space-based cloud platforms for commerce."

About Cloud Constellation Corporation:
Cloud Constellation Corporation's SpaceBelttm is a patented, 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 SpaceChain:
Founded in 2017, SpaceChain is a decentralized space agency that combines space and blockchain technologies to build the world's first open source blockchain-based satellite network, serving as a decentralized infrastructure for the blockchain industry. In doing so, SpaceChain opens up mankind's access to space to leverage its technologies and accelerate outer space development. More information is at www.SpaceChain.com.

Media Contacts:

Cloud Constellation Corporation
Laura Schaub
Nadel Phelan, Inc.
831-440-2414
[email protected]

SpaceChain
Eric Desatnik
[email protected]

SOURCE Cloud Constellation Corporation