Photo: SolarCoin

[Via Satellite 09-20-2016] Cloud Constellation has entered into an agreement with The SolarCoin Foundation (SCF) whereby SCF will purchase orbital storage capacity on Cloud Constellation’s SpaceBelt network. SCF intends to use SpaceBelt as its primary means of connectivity for SolarCoin space transactions with prospective customers.

SpaceBelt is a patent-pending high-speed global cloud storage network of space-based data centers, interconnected to form a secure cloud infrastructure to service providers, enterprises and governments around the world. The Low Earth Orbit (LEO) satellite system is being designed for secure storage and transport of mission-critical, sensitive data without interruption or exposure to surreptitious elements or unintended jurisdictions.

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. SCF plans to purchase capacity on the SpaceBelt network to securely host its cold storage vault and protect its $5 billion treasury of SolarCoin currency.

“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,” said Nick Gogerty, founder of The SolarCoin Foundation.