Modeling Satellites Transactions as Space Digital Tokens (SDT): A Novel Blockchain-Based Approach

Mohamed Torky (), Tarek Gaber, Essam Goda (), Aboul Ella Hassanien () and Mincong Tang ()
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Mohamed Torky: Department of Computer Science, Higher Institute of Computer Science and Information Systems, Culture and Science City
Tarek Gaber: University of Salford
Essam Goda: Arab Academy for Science, Technology, and Maritime Transport (AASTMT)
Aboul Ella Hassanien: Cairo University
Mincong Tang: Beijing Jiaotong University

A chapter in LISS 2021, 2022, pp 705-713 from Springer

Abstract: Abstract Blockchain technology can play a novel role in the space industry and satellite communications. This disruptive technology can be used for building decentralized and secure techniques for processing and manipulating satellite transactions using a new concept called digital space tokens (SDT). Tokenizing space transactions within a satellite swarm in the form of SDT will reflect plenty of various blockchain-based applications in the space mining industry, such as designing new blockchain protocols for tracking, managing, and securing all space transactions and communications in a transparent, verifiable, and immutable approach. In this paper, a novel blockchain-based model is proposed for modeling satellite transactions as Space Digital Tokens (SDT). Ethereum blockchain was used in the implementation of this model. Also, its performance was evaluated using transaction time, transaction latency, read latency, and Ethereum GAZ usage.

Keywords: Blockchain; Space digital tokens (SDT); Satellites transactions (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-16-8656-6_62

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