GomSpace and J.P. Morgan Test Blockchain Transaction on GOMX-4 Constellation

ESA’s biggest small satellite yet: the GomX-4B six-unit CubeSat will demonstrate miniaturised technologies, preparing the way for future operational nanosatellite constellations. (Credit: GomSpace)

UPPSALA, Sweden (GomSpace PR) — GomSpace and J.P. Morgan have successfully utilized the GOMX-4 satellites for an in-orbit demonstration (IOD) and tested tokenized value transfer in space. The IOD from GomSpace enabled J.P. Morgan to test the world’s first bank-led tokenized value transfer in space, executed via smart contracts on a blockchain network established between satellites orbiting the earth.

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