BABB is the World Bank for the microeconomy; a decentralised banking platform that leverages blockchain, AI, and biometrics technologies to offer anyone in the world access to a UK bank account for peer-to-peer financial services. There are 2 billion people in the world without a bank account, and it’s not viable for the traditional banking system to serve them. BABB is a new approach using new technology to crowdsource financial services and completely remove the need for banks as we know them.
The key to Space Chain is to deploy all blockchain nodes on satellites so as to bring blockchain technology into space, adding a new dimension to blockchain’s core concept of distributed ledger by making use of space technology and advantages of space resources. As a space blockchain platform featuring data collecting, computing, application and storage, Space Chain uses satellites as its blockchain nodes for realizing direct on-satellite data processing and secure in-space data storage through cryptographic technologies such as quantum communications. Different from ground-network-based blockchain technology, Space chain provides a broader coverage and is based on a network of LEO satellites for achieving broad-based connectivity so that anyone and anything could become the user of blockchain technology anywhere and anytime.