Blockchain Technology on Mars.
Can a Mars economy be established on top of Blockchain Technologies?
In this youtube we’ll review the basic principles of Blockchain Technologies, and how they can be applied on another planet.
Mars is an isolated planet, with travel time of ~ 6 month and communication time of 5 – 20 minutes to Earth. Sometimes, when the Sun is between Earth and Mars communication can’t be established without a relay station, which may slow communication even further.
The initial settlements on Mars will have a small number of people when compared to Earth. So, Mars can’t effort to have a financial and legal system similar to Earth. Those system must be cheaper, faster and more efficient to operate.
Can a Mars economy be established on Blockchain Technologies?
In this presentation we’ll review the basic principles of Blockchain Technology. Something that can benefit the financial status of this channel’s viewers right here on Earth.
Then we’ll explore what are the challenged of using this revolutionary technology on Mars rather then on Earth.
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