The blockchain infrastructure provider said having an Ethereum node in space brings physical security when transacting in crypto assets.
U.K.-based SpaceChain beat 13 other national applicants to secure the funding.
SpaceChain said the test advances its dreams of building a decentralized blockchain infrastructure in space.
Blockchain startup SpaceChain won a 60K euro grant from the European Space Agency to investigate use-cases for their satellite-based wallet system.