Companies developing technologies and other types of equipment for the space are constantly confronted with numerous challenges to handle the rigorous documentation that this industry requires. The decentralized certificate tracking system is a tool using blockchain technology that promises to simplify the handling of the certificates with more efficiency and reliability. However, it is still unknown how the system could be transformed into a business model, generate revenue and be governed in the future.

The Bachelor thesis is divided into three main phases. In the first phase, a literature review has been performed to analyse and understand blockchain business and governance models. In the second phase, four interviews have been conducted with blockchain experts to investigate what they think and how they have implemented in their careers this technology. Finally, based on the inputs from the interviews and the key findings of the literature review, a business, pricing and governance model are proposed in the last phase.

The paper presents a business model that focuses on solving a problem and highlights the benefits of a decentralized certificate tracking system to various companies in the space supply chain. As a primary source of income for the system, the study proposes a pricing model that consists of a flat rate in form of a membership fee that all participants have to pay in proportion to their financial availability. The governance suggested is a hybrid model between on-chain and off-chain. Depending on the severity of a decision, an advisory council, or the entire community through an on-chain voting mechanism, can vote on different proposals.