Swiss blockchain startup wins partners on space and earth

Velas Network AG is renowned for the creation and integration of cutting-edge digital products and services led by a diverse team of engineers, cryptographers, researchers and mathematicians. A global player in the blockchain and NFT sector, Velas has distinguished itself through the performance and innovation of its services and its technological leadership, characteristics that unite it with the Maranello team. Velas includes the Ethereum Virtual Machine to allow developers to deploy any Ethereum-based dApps on the Velas blockchain premises based on the best parts of the Solana code.

The multi-year agreement provides for the creation of exclusive digital content for the Scuderia's fans. In addition, Velas will be Title Sponsor of the Ferrari Esports Series, the online mono-brand series of the Prancing Horse, and of the Esports team that will compete in the F1 Esports Series, the official digital championship competed in by all teams participating in the FIA Formula 1 World Championship.

Mattia Binotto, General Manager and Team Principal, Scuderia Ferrari: "We are pleased to start this collaboration with Velas Network AG, a company that makes innovation and performance the hallmark of technologically advanced products and services: these are all values that unite us and that led us to choose Velas as one of our Premium Partner."

Farhad Shagulyamov, CEO co-founder, Velas Network AG: “Having built a next-generation blockchain that puts the emphasis both on sustainability and performance, it was natural to partner with another icon of excellence, which is Ferrari. Velas has introduced an innovative variety of pioneering technology into the blockchain and associated products, which will now be showcased at the pinnacle of motorsport.”

SpaceChain capitalises on Velas
Thanks to the partnership with SpaceChain, Velas is among the first companies to operate in space, making it one of the pioneers in the space field. The partnership will allow Velas access to new markets, new use cases, and get the opportunity to increase the quality standards for the whole blockchain industry. Velas will also enjoy ultra-security decentralization of transactions through SpaceChain’s decentralized satellite infrastructure (DSI). Suspended in orbit, blockchain infrastructures are protected against physical intrusion and regulatory restrictions. SpaceChain on the other hand will benefit from one of the fastest blockchain technologies (with over 75,000 transactions per second) from Velas, which will provide it with the opportunity to develop various cost-effective DApps that contribute to further space exploration.

SpaceChain is an open and neutral infrastructure for the New Space economy created in 2017. The platform integrates space and blockchain to remove current barriers preventing global communities from accessing and forming collaborations in space.

(Press release/RAN)