A brand new blockchain challenge has launched a registry that might divvy up and tokenize parts of the lunar floor. 

Dubbed Diana — after the Roman goddess of the hunt and the moon — the challenge launched on July 19, simply sooner or later earlier than the 50th anniversary of the Apollo moon touchdown. The purpose of this challenge is purportedly to “safe the doable proper of man to the Moon to suggest an answer to ‘who owns the moon.’”

A lunar registry will reportedly safe entry to the moon as it’s ostensibly changing into extra possible that governments will exploit area for its wealth of assets:

“The Diana challenge goals to obviously outline the doable rights of mankind to the Moon, given the elevated chance of possession disputes, by means of collective registration.”

The challenge’s white paper quotes Article II of the United Nations Outer Area Treaty, which states:

“Outer area, together with the Moon and different celestial our bodies, is just not topic to nationwide appropriation by declare of sovereignty, by way of use or occupation, or by every other means.”

The white paper notes that the treaty doesn’t point out non-public possession of the moon, which may permit for the exploitation of the celestial physique. By dividing and tokenizing the moon’s floor into some 3.eight billion items, the Diana challenge would one way or the other circumvent the non-public possession and theoretical exploitation of the moon’s assets by hegemonic actors. 

Diana lists “Develop the biz mannequin for Moon possession” on the challenge’s roadmap. 

The registry will function with two ERC-20 customary tokens: DIA tokens will act as indivisible proof of registration of a cell of the moon’s floor, whereas MOND tokens can be transaction tokens backed 1:1 by the USA greenback. 

As beforehand reported by Cointelegraph, nationwide area businesses just like the U.S. Nationwide Aeronautics and Area Administration and the European Area Company are investigating methods to use blockchain expertise to their operations.

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