FinTech/RegTech in Space for Trustful Autonomous Robotic Interaction (FiReSpARX)

In the FiReSpARX project, we design market mechanisms, incentives, and governance frameworks for space robotic economic interaction.

The project at a glance

Start date:

01 Jul 2021
Duration in months:

38
Funding:

Luxembourg National Research Fund (FNR)
Principal Investigator(s):

Gilbert FRIDGEN

Miguel Angel OLIVARES MENDEZ

About

In just a few years, space agencies and private companies will start to harvest resources in outer space. These harvesting missions may involve multiple robots owned by different agencies or companies operating in the same area. To improve efficiency, it will be reasonable for these robots to cooperate, for instance, by providing each other with data or by offering services, such as telecommunication to Earth. Yet in space, the unexpected can happen frequently, so planning cooperation between these robots in advance is not always possible. Instead, robots will need to make autonomous economic decisions, following the economic rationale of their owner company. For instance, robots will need to be able to establish the value of a certain service, bargain, and pay for it. In the FiReSpARX project, we design market mechanisms, incentives, and governance frameworks for such economic interaction. Moreover, we implement and test a prototypical system in SnT’s LunaLab, which emulates the Moon’s surface.

Organisation and Partners

Digital Financial Services and Cross-Organisational Digital Transformations Research Group (FINATRAX)
Interdisciplinary Centre for Security, Reliability and Trust (SnT)