ConsenSys Obtains Asteroid Mining Firm

ConsenSys Obtains Asteroid Mining Firm

Planetary Resources Inc. revealed the leading blockchain company acquired the firm via asset-purchase transaction. Details of the transaction are not disclosed

Ethereum smart contract functionality is a natural solution for private-ordering and commerce in space—the only domain of human activity not ordered around territorial sovereignty—in which a diverse range of actors from a growing number of countries must coordinate and transact.

Brian Israel, Planetary Resources General Counsel

Planetary Resources Inc, which aims to commercialize and utilize resources from asteroids, is acquired by ConsenSys on 31 October. The pioneer space company was once funded by billionaires but encountered funding problems later on.

As per the agreement, Chris Lewicki, the President and CEO of Planetary Resources, together with Brian Israel will become a part of the blockchain firm.

ConsenSys’ Plans for the Space Company

In the released statement, Joseph Lubin of ConsenSys said that, through the acquisition, he intends to usher in deep space capabilities into the company’s ecosystem. This echoes ConsenSys’ belief in helping humanity shape new societal rules system through the potential of Ethereum.

ConsenSys’ New Team Members

Chris Lewicki worked as Flight Director for NASA’s Spirit and Opportunity Mars rovers. He also worked on the Phoenix Mars lander project prior to establishing Planetary Resources.

Brian Israel was once part of the US State Department’s Office of the Legal Adviser. He also served as the US Representative to the UN space law body.

Details on what positions Lewicki and Israel will take in ConsenSys are not yet revealed.

About Planetary Resources

Planetary Resources was founded on 1 January 2009. It was previously known as Arkyd Astronautics. To date, the firm has three missions: the ARKYD-301, the ARKYD-6 (currently in orbit), and the ARKYD-3R.

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