ConsenSys INC Acquired An American Asteroid Mining Company ‘Planetary Resources Inc.’

ConsenSys INC Acquired An American Asteroid Mining Company ‘Planetary Resources Inc.’

2018-11-01 | Robin Williams

ConsenSys INC Acquired An American Asteroid Mining Company ‘Planetary Resources Inc.’

In line with a recent announcement published by ‘ConsenSys INC,’ which is a well renowned blockchain software related tech firm has acquired an American asteroid mining company named ‘Planetary Resources Inc.’ through an associate asset-purchase dealing. Founded earlier in the year 2009 and formally referred to as Arkyd Astronautics, Planetary Resources is engaged within the exploration, extracting and processing of resources from asteroids. The corporate reportedly has over thirty investors and has raised quite over $50 Mln in investments and has sent 2 satellites into the orbit over the past six months.

In line with the announcement, Planetary Resources has been acquired by ConsenSys to bring “deep space capabilities” into the ConsenSys system. Planetary Resources’ President and chief executive officer ‘Chris Lewicki’ and ‘Counsel Brian Israel’ have joined ConsenSys following the acquisition.

Commenting on the deal, ConsenSys Founder Joe Lubin aforemtioned that “it reflects our belief in democratizing and distributive space endeavors to unite our species and unlock untapped human potential.”

Before joining Planetary Resources, Lewicki was utilized by NASA’s Jet propulsion lab under the designation of Flight Director of the Spirit and opportunity Mars rovers and Phoenix Mars lander.

Israel served within the U.S. State Department’s section of the Legal authority and was chargeable for the global legal dimensions of space, ocean, and world-wide environmental governance matters. Israel explicit that “Ethereum smart contract practicality may be a natural answer for private-ordering and commerce in sapce during which a diverse range of actors from a growing variety of countries should coordinate and interact.”

Even this month, Lubin raised a $6.5 Mln investment to secure a minority stake in enterprise distributed ledger [DLT] startup named DrumG Technologies. The startup aims to facilitate the adoption and expansion of multiple interconnected distributed ledgers within the corporate world.

Earlier in July, ConsenSys signed a Memo of Understanding [MoU] with China’s Xiongan New space government to bring blockchain technology to the “smart town.” the corporate can advise the Xiongan govt. on blockchain and software solutions so as to determine it as a “next generation smart city and leading blockchain innovation hub.”

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