Blockchain Project Diana Intends to Slice Up & Tokenize the Moon

A fresh blockchain initiative has introduced a registry to divide and tokenize chunks of lunar surface. Christened Diana — representing the Roman deity of nature, hunt and the moon— the venture was unveiled on July 19, only a day before the Apollo spacecraft landed in the moon 50 years ago.

This project’s objective is supposedly to “secure the possible right of man to the Moon to propose a solution to ‘who owns the moon.’”

A lunar registry will obtain entry to the moon because it seems to be clear that countries will take advantage of space for its rich mineral wealth.

“The Diana project aims to clearly define the possible rights of mankind to the Moon, given the increased possibility of ownership disputes, through collective registration.”

The white paper of the initiative cites Article II of the United Nations Outer Space Treaty, which says:

“Outer space, including the Moon and other celestial bodies, is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.”

The white paper points that there is no claim to the ownershipof the moon in the treaty, which could permit the celestial object to be utilized. By separating and tokenizing the terrain of the moon into some 3.8 billion parts, the Diana initiative will some way or the other bypass personal possession and hypothetical exploitation of the assets of the moon by hegemonic performers.

Diana’s roadmap of the project includes “Developing the biz model for Moon ownership.”

The registry will work with two normal ERC-20 tokens: DIA tokens will function as immutable evidence of the moon’s terrain cell registration, while MOND tokens will act as transaction tokens pegged to the US dollar on 1:1 basis.

Notably, national space agencies such as the US National Aeronautics and Space Administration and the European Space Agency are exploring methods of applying blockchain technology to their tasks.