Perspectives of Blockchain for the Modern Space Activity

Hurova Anna () and Kirpachova Maria
Additional contact information
Hurova Anna: Anna Hurova, PhD, research fellow of Koretsky State and Law Institute of National Academy of Sciences of Ukraine.
Kirpachova Maria: Maria Kirpachova, master in international law, former law advisor of space startups, expert in space law and diplomatic law (Ukraine).

European Studies - The Review of European Law, Economics and Politics, 2023, vol. 10, issue 2, 246-270

Abstract: This paper is based on the study dedicated to the legal nature of the DLT (distributed ledger technologies), and in particular to Blockchain as its most popular example, the basic elements and models of the technology, the main spheres of its application in the framework of space activity in order to guarantee realization of rights and compliance with obligations of public and private space actors in the process of conducting the outer space activities, as well as legislative innovations to regulate the utilization of Blockchain in different countries, international standards, practices and promising legal mechanisms. The authors consider usage of different types of Blockchain ledgers (public ledger with authorized access and with/without special validator) to implement different tasks in the process of space activity regulation, such as guaranteeing fulfillment of terms and conditions of foreign economic agreements on the basis of smart contracts concluded between business entities and for maintaining the state register of space objects. The research proposes several scenarios that are acceptable both in terms of technical characteristics of Blochchain and legal requirements under which a number of central authorities can exercise their powers to regulate space activities using DLT. The most precise attention is focused on considering the compliance of the space authorization requirements, ensuring the registration of space objects and the implementation of foreign trade agreements within the space sector of the economy.

Keywords: space; space objects; blockchain; legislative (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/eustu-2023-0020 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:eurstu:v:10:y:2023:i:2:p:246-270:n:1011

DOI: 10.2478/eustu-2023-0020

Access Statistics for this article

European Studies - The Review of European Law, Economics and Politics is currently edited by Nadežda Šišková

More articles in European Studies - The Review of European Law, Economics and Politics from Sciendo
Bibliographic data for series maintained by Peter Golla ().