recommended reading

How 24 Tiny Satellites Could Change Business Forever

You'd think it would be tough for a 1,200-foot long oil tanker to get lost in the shuffle, but it happens, especially, say, in the blinding bustle at the Port of Singapore, where half of the world's crude is shipped every year.

Keeping tabs on the tankers is big money for hedge funds who try to keep up using the ships' movements to predict where the price of oil is going. Kenneth Singleton, a Stanford economics professor who studies the oil market, tells of firms flying helicopters overhead to gauge inventories. Some funds, he notes, have gone as far as hiring full-time port observers on the ground to radio back intelligence, an attempt to counteract the nautical practice of ships turning off their tracking sensors to intentionally obscure their location.

"But what if investment firms had an eye in the sky?" asks John Fenwick, the co-founder of Skybox Imaging. A former Air Force officer, Fenwick is engaging in one of his company's favorite pastimes: Dreaming up use-cases for its technology -- low-cost satellites that could make images of any location on Earth accessible to the mass market.

Skybox is launching its first satellite into space this September on a Russian rocket, and hedge funds with an interest in monitoring major ports could be among its first customers. Oil futures may never be the same.

Read more at The Atlantic

Threatwatch Alert

Thousands of cyber attacks occur each day

See the latest threats


Close [ x ] More from Nextgov

Thank you for subscribing to newsletters from
We think these reports might interest you:

  • Data-Centric Security vs. Database-Level Security

    Database-level encryption had its origins in the 1990s and early 2000s in response to very basic risks which largely revolved around the theft of servers, backup tapes and other physical-layer assets. As noted in Verizon’s 2014, Data Breach Investigations Report (DBIR)1, threats today are far more advanced and dangerous.

  • Featured Content from RSA Conference: Dissed by NIST

    Learn more about the latest draft of the U.S. National Institute of Standards and Technology guidance document on authentication and lifecycle management.

  • PIV- I And Multifactor Authentication: The Best Defense for Federal Government Contractors

    This white paper explores NIST SP 800-171 and why compliance is critical to federal government contractors, especially those that work with the Department of Defense, as well as how leveraging PIV-I credentialing with multifactor authentication can be used as a defense against cyberattacks

  • Toward A More Innovative Government

    This research study aims to understand how state and local leaders regard their agency’s innovation efforts and what they are doing to overcome the challenges they face in successfully implementing these efforts.

  • From Volume to Value: UK’s NHS Digital Provides U.S. Healthcare Agencies A Roadmap For Value-Based Payment Models

    The U.S. healthcare industry is rapidly moving away from traditional fee-for-service models and towards value-based purchasing that reimburses physicians for quality of care in place of frequency of care.

  • GBC Flash Poll: Is Your Agency Safe?

    Federal leaders weigh in on the state of information security


When you download a report, your information may be shared with the underwriters of that document.