As blockchain, or the more general term, distributed ledger technology (DLT), gains traction in various applications in the space sector, many centralized third-party trust organizations focused on financial, legal, security, and logistical oversight functions will likely consider adapting their operating models to gain some of the advantages and value that DLT offers. This paper examines blockchain and distributed ledger technologies and their relevance in the space sector and describes the potential for a gradual adoption trend over the next few decades.