Cudos Partnership with Sfera Technologies explained.
Introduction
Cudos recently announced that they are entering into space tech as they have announced the strategic partnership with Sfera Technology which is an space infrastructure company. This partnership one so many great possibilities for space tech industry as both projects will work closely with their technological expertise. In this article we will explore about Sfera Technologies & what are the importance of this partnership for both.
Sfera Technologies
Sfera Technologies is the latest visionary company known as a New Space, namely operating on the objective that the space era is still in the beginning and following a different approach to resolving the space-related issues. The real target is to develop qualitatively new space technology, analytics, and data exchange, currently engrossed in integrating satellite data downlink.
Sfera’s Ephemeris is a multichain protocol mainly developed to obtain the integrated satellite delivery of data and process management systems on the blockchain. The corporate plans control its satellite ground station network on the top of Ephemeris, which is basically to supply oracles and smart contracts. Nevertheless, Ephemeris will facilitate the ground station network to provide easy access to computation dissemination services and storage. That builds the very first ecosystem of decentralized satellite data. Data is one of the tangible benefits that we can get from space as earth observation. It depends upon it, and we can track down what’s going on the surface of the planet and specific processes that are recurring like getting the information of weather forecast, military facilities such as keeping an eye on enemy troop movements, etc.
At present, a massive amount of data agencies and companies are getting by satellites. Then it processes on an in-house setup which is going for ages to replace this. We have to move toward the lighter solution and the best available solution. Right now standard corporate cloud solution is available in which they put their data, after processing the raw data coming from the satellites converted into a product. The problem is for such a massive amount of data, there are not many providers rather have a handful of great clouds mastodons having enormous infrastructure. by that, they form a dependence on their business and especially for space industries that is a big problem a lot of space agencies are government-funded having their concerns so, in order to get an optimal solution, we have to consider decentralized cloud system.
Importance of Cudos- Sfera Technologies Partnership
The space industry is very much top-down and has to be much decentralized. Ephemeris is the main driver for this because in building space projects or satellites, there is a lot of paperwork, documentation, most importantly, trust issues in it. It’s a paradoxical industry that wants to develop too fast and a lot of capital flowing into it. By default, it is a global industry, having centralized top-down strings that come with it. And this is where space and blockchain go very well together because blockchain can solve a lot of these trust issues and provide automation and replace a lot of paperwork that currently stunts the space industry and make it still very inefficient. So, this partnership will be fruitful for all the new users and companies willing to join this industry. Ephemeris is starting off with data, yet there will be a lot of other cases that can be solved and be made more efficient through tokenization. In short, Ephemeris will be the flagship effort of Sfera technologies company to make space more available for everyone.
The CEO of Sfera Technologies, “Zdravko Dimitrov” commented on this partnership, that by working with CUDOS Ephemeris has got another piece of the puzzle. It processes the crunch raw Earth Observation (EO) data obtained directly from the satellites into a commercial product. Now, It can be possible by the Web3 territory instead of the traditional massive in-house infrastructure. This transformation is very inspiring together with Cudos. By keeping in view the shared vision of decentralized data ecosystems, we are very excited to work on the space industry solution that will be possible with our partnership with them.
About Cudos
CUDOS is a decentralized cloud computing network that offers multilayer blockchain ecosystems that delivers scalable computing solutions by working at two of the most important prospects. The first one is called Layer 1 blockchain. The second one is called Layer 2, which is a computation & oracle network developed to authorize decentralized and permissionless access to high-performing computing at scale.
CUDOS facilitates the scaling of computing resources to millions of nodes. If the Cudos associates with Algorand, Polkadot, and Cosmos, it will be free to compute layer 2 oracles scalable on all bridge blockchains. Additionally; to realize the vision of decentralization, Cudos authorizes metaverse by getting gaming experience including NFTs, and DeFi at the same time, The Cudos token is the lifeblood of all Cudos blockchain that endows smart contracts assist to earn the share of community rewards created on dApp’s popularity.
