NASA starts ledger tech trials for verified satellite data sharing, paving the way for HBAR’s imminent adoption in aerospace.
NASA had been exploring the capabilities of Hedera Hashgraph (HBAR) for aerospace applications. The Distributed Ledger Technology (DLT) could work as an additional trust layer to verify intergalactic data. The potential integration of HBAR into the NASA-related ecosystem could come along with the carbon credit market, said to bring $1 billion on-chain this year.
HBAR To Provide NASA’s Ultimate Source Of Truth?
Meanwhile, technical crypto analysts like ALLINCRYPTO are screaming about Hedera’s potential to bring solutions to truly challenging problems, such as a reliable carbon credit market. HBAR Network’s unique status as a DLT trust layer can whip up to 10,000 transactions per second (TPS), a technical prowess that edges popular rivals like Ripple (XRP) or Stellar (XLM).
CTEN Global Strategies, the contractor behind NASA’s blockchain aerospace exploration, has stated that the chain is tested for file storage, enterprise level verification & version tracking among members, guaranteeing one source of truth for scientific, medical & legal data. This is being done with a digital stamp on Hedera (HBAR), mapped out in the process overview.
Simply put, the HBAR stamp with NASA’s info would arrive after the file is stored in the HBAR-based HashWise system with the transaction ID. Then, the stamp is sent off with the hash of the document, all metadata, the public signature as well as the transfer ID. Once recorded on Hedera’s Hashgraph, the digital stamp is visible through all mirror nodes.
Is HBAR Really Blasting Off To $2?
With $0.56 as the all-time high, Hedera’s 333% yearly run has put the altcoin back in crypto’s TOP 25 by global market cap. However, there’s still a 57.8% distance from the ATH, making crypto analysts believe there’s quite a bit of unrealized upside potential. In one such analysis by STEPH IS CRYPTO, the trader marked Fibonacci Retracement levels, with $2 being the top.
Namely, HBAR’s $2 long-term target mirrors the 4.618 Fibonacci level, but there’s quite a few steps to conquer before that. Particularly, the $0.30 support level serves a major demand zone, but only a break above $0.46 would constitute a continuation of a long-lasting bullish trend. So far, Hedera’s native crypto HBAR is priced at $0.24, 6 cents below the 0.618 Fibonacci mark.
On The Flipside
* NASA’s documents highlight blockchain’s peer-to-peer transaction importance in the distributed spacecraft mission control, not specifically mentioning HBAR.
* NASA’s SBIR/STTR program page hints at the space giant reserving the right to explore other “distributed ledgers and smart contracts” beyond Hedera’s DLT.
Why This Matters
The merging of aerospace & blockchain tech can turn out to be ultra beneficial for both sectors, as previously seen in SpaceX’s involvement with BTC & DOGE.
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