The Filecoin Foundation and Lockheed Martin Space have successfully transmitted data in space using the InterPlanetary File System (IPFS) on a satellite orbiting Earth. This adaptation of IPFS aims to enhance data privacy and security for space communications, addressing challenges such as data delays and corruption caused by radiation. Marta Belcher, president of the Filecoin Foundation, highlighted that the system allows for content retrieval from the nearest locations, whether that's a personal device, a satellite, or a lunar station. This distributed architecture reduces reliance on centralized data centers and improves data reliability, essential for the integrity of sensitive materials. Interest in decentralized archival storage is growing, particularly among media companies, and potential military applications are being explored. The FIL token, a utility token within the Filecoin ecosystem, has a market cap of approximately $1.8 billion as of May 16, 2025.

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