Hong Kong-Wingbits, a blockchain-driven aviation data network, is set to add satellite tracking features as it seems to make further entrances to the $ 22 billion aviation data industry. The Swedish company is launching a satellite with Spire Global that runs a low-orbit-satellite constellation. The satellite is worn by SpaceX’s transport-13 mission at the end of February from Vandenburg Space Force Base in California.
Discussing the launch under the Consensus Hong Kong, Robin Wingardh, Wingbits’ CEO and co-founder, said the satellite complements Startup’s 2,200-strong on-the-earth-hub network managed by flight enthusiasts around the world.
The decentralized physical infrastructure network or Depin Project Rewards -Data providers with Solana test network -tokens. The existing flight-tracking industry also depends on air enthusiasts to provide data about flying movements. Companies like Flightaware and Flightradar24 sell data to aviation analysis companies, airlines, insurance companies and others, but do not reward enthusiasts for their work, Wingardh said.
Wingbits already have databin controllers from over 90 countries that track approx. 120,000 unique flights daily. It plans to create a worldwide network through the reward system that allows to exchange tokens with Air Miles, Airport Lounge Access and other services.
Wingardh said the satellite, when launched, will allow the company to verify data from the ground, providing protection against “spoofing” by crossing the control of flight data from Depin against data from the satellite, Wingbits hope to ensure its information is more accurate than those competitors’.
The company recently closed another round of rounds for $ 5.6 million from boundless capital, Bullish Capital (part of the Bullish group that also owns Coindesk) and others.
