Four Blockchain Projects Join Forces to Deliver Internet and Finance via Satellite Infrastructure
Delaware, USA, December 6th, 2024, Chainwire
Creditcoin, Spacecoin, Sui, and Walrus jointly announced a strategic partnership to collaborate in a novel decentralized finance project combining their respective strengths in providing internet access, computing, and storage. This collaboration aims to improve connectivity and access to financial services, especially for remote and underserved regions via decentralized satellite infrastructure.
The initiative will integrate decentralized infrastructure across multiple layers:
- Creditcoin will provide the financial foundation with its blockchain platform for secure lending and borrowing.
- Spacecoin will extend global connectivity using satellite technology to provide internet access in areas with limited traditional infrastructure.
- Sui will enable scalable and secure computing with its smart contract platform.
- Walrus will handle decentralized storage for efficient, reliable data management.
By combining these technologies, the partnership seeks to address challenges like unreliable internet infrastructure and lack of financial access in underserved regions. Spacecoin’s satellite network will provide reliable internet access in remote areas, while Creditcoin enables users to engage in secure, decentralized financial transactions. Sui and Walrus will ensure the system is scalable and efficient, empowering peer-to-peer (P2P) financial transactions and communication without relying on centralized intermediaries, reducing costs and enhancing transparency.
The partnership’s integrated approach prioritizes practical solutions to real-world problems, helping to bridge access to both the internet and financial services for the nearly 37% of the global population that currently has no internet connectivity. enabling users in underserved regions to participate in the global digital economy and build credit histories while accessing modern internet and financial tools.
About Creditcoin
Creditcoin is a Layer 1 blockchain connecting borrowers and lenders in emerging markets, creating a transparent credit network. By recording loan transactions on-chain, Creditcoin enables borrowers to build verifiable credit histories while providing lenders with trustless transparency. With ultra-low fees, enterprise-grade security, and cross-chain liquidity, Creditcoin empowers financial inclusion and opens new opportunities for fair credit access globally. Learn more: https://creditcoin.org/
About Spacecoin
Spacecoin is the world’s first DePIN project to harness blockchain and LEO communication nanosatellites. With a satellite-based network, Spacecoin aims to deliver high-speed, decentralized internet access to remote and underserved regions globally. Using Creditcoin’s Layer 1 infrastructure, Spacecoin will manage satellite operations for governance, payments, and resource allocation on-chain. Learn more: https://spacecoin.org/
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build user-friendly experiences. For more information about Sui, please visit https://sui.io.
About Walrus
Walrus is a next-generation decentralized storage network for data and rich media content such as large text files, videos, images, and audio. Leveraging innovations in erasure coding, Walrus offers exceptional data availability and robustness with minimal replication overhead for cost efficiency. Powered by Sui as the coordination layer, Walrus scales to hundreds or thousands of networked decentralized storage nodes without compromising performance. Learn more: https://www.walrus.xyz/.
