Blockchain Company ConsenSys Acquires Space Startup Planetary Resources

ConsenSys, a blockchain based software technology company, based in Brooklyn, New York recently acquired a pioneering space startup, Planetary Resources. ConsenSys, which specializes in all things Ethereum, recently issued an announcement about the acquisition of the asteroids mining company.

Though the terms of the deal are not so clear, and lot is to be discovered about the functions of both of these company’s, in any kind of collaborative project. ConsenSys founder, Joe Lublin, who also helped in authoring Ethereum said,

“I admire Planetary Resources for its world class talent, its record of innovation, and for inspiring people across our planet in support of its bold vision for the future… Bringing deep space capabilities into the ConsenSys ecosystem reflects our belief in the potential for Ethereum to help humanity craft new societal rule systems through automated trust and guaranteed execution. And it reflects our belief in democratizing and decentralizing space endeavors to unite our species and unlock untapped human potential.”

He also, said that bringing deep space capabilities into their ecosystem showcased how sincerely they believed in Ethereum to make new societal rule systems with the use of automated trust and guaranteed execution. He also said that they believed in democratizing and decentralizing space endeavours in order so that the yet untapped reserves of human potential comes to the fore. He said that they would release more information about this in the coming months.

Chris Lewicki, the CEO of Planetary Resources and their General Counsel Brian Israel, will both join ConsenSys. Lewicki, who was formerly a part of NASA’s Jet Propulsion Laboratory, said,

“I am proud of our team’s extraordinary accomplishments, grateful to our visionary supporters, and delighted to join ConsenSys in building atop our work to expand humanity’s economic sphere of influence into the Solar System.”

Planetary Resources, which is an asteroid mining company, was founded in 2010 as Arkyd Astronautics and had shown great potential, in the sphere of privatised space companies, and Peter Dimandis joined as director. However, after failing to secure it’s most recent funding round, they announced that they were rethinking their approach and even considering making cutbacks.

Rishma Banerjee

Rishma is currently pursuing a bachelor’s degree in International Relations and has a special place in her life for sifting through all sorts of random trivia, thank you very much.