SpaceChain and Eurasian Space Ventures (ESV) have extended their collaboration and will look to develop joint projects in the field of space and blockchain technologies. The two companies announced a further MoU on May 25. Under the agreement, both companies will exchange information and expertise, and cross pollinate ideas and develop joint projects over the next two years.

SpaceChain will explore collaborative opportunities with its partners in the global space industry in leveraging ESV’s existing space facilities and infrastructure in Kazakhstan. ESV, which is based in Kazakhstan, will facilitate communication with the National Space Agency of the Republic of Kazakhstan, also known as Gharysh Sapary, on behalf of both companies.

ESV has pledged to operate and manage two joint space projects co-developed with SpaceChain for digital currency exchange Biteeu, which will be deploying SpaceChain’s on-orbit space-grade infrastructure to perform ultra-secure Bitcoin multisignature transactions and data back-up; and Divine — a community project that leverages space technologies to broadcast the Quran audio.

“We are entering a new era of space exploration and harnessing space technologies as a platform for business innovation. Partnering with ESV will complement our continuous efforts in building out an open-source blockchain-based satellite network that is secure and immutable for fintech and decentralized applications,” said. We will continue to identify more commercial use cases for space technologies, and it is our firm belief that the collaboration with ESV will help accelerate the process,” Zee Zheng, SpaceChain co-founder and CEO said in a statement.

SpaceChain’s next space node is set to be launched by SpaceX on June 3 and installed at the International Space Station (ISS). his will be SpaceChain’s fourth blockchain payload launch into space