Founded in 2012 by Jithin VG, Ditto PS, Gokul A, Aharsh MS and two others, Accubits Technologies is an AI and blockchain-focused startup with its offices in US, India and Dubai. The company is developing a blockchain-as-a-service platform in sectors ranging from fashion technology to complex CRM systems.
However, Accubits’ key application areas include finance, retail, supply chain and manufacturing. The startup has launched a couple of products too namely iCosys, Reinsurance and BaaS solutions.
Responding to the question of why a blockchain satellite, MS stated that due to the varied regulations in various countries, it’s difficult to use the internet through a secure channel. Chainsat aims to establish communication with the satellite, based on UHF telemetry with 115 Kbps data and S-Band payload transmitter with up to 5 Mbps data and an experimental X-band transmitter with up to 150 Mbps data. The satellite will have an onboard data storage capacity of 4TB in space-hardened memory modules.
In 2018 Accubits signed an MOU with Dubai's Blockchain strategy entity Smart Dubai