As more satellites are being launched its application areas are expanding because of the advancements in remote sensing data technology, leading to noticeable trends towards commercialization and market growth. However, satellite remote sensing data is considered a valuable resource and its requirements for security/privacy regulations are also more substantial. Any single point of failure in traditional centralized data storage and management leads to the risk of manipulating or losing all relevant information. There is a lack of a reliable mechanism between different parties to integrate and transact data. To solve these issues, in this paper a distributed storage and transaction system for satellite remote sensing data is proposed based on blockchain technology. The proposed method relies on the immutable chain of records to ensure data safety and integrity, avoiding single-point failures suitable for malicious tampering by taking the blockchain’s decentralized ledger. In addition, smart contracts are linked to automated data transfers, keeping privacy intact while adding transparency and traceability to these processes. Such data point-to-point transfer in a secure manner using off-chain procedures which continue to extend the capability and performance of the overall system. This system is implemented practically by processing around 100,000 blocks and more than 200,000 transactions, and the testing performance and functionality prove its security and traceability. By incorporating blockchain technology, this method finds a more secure and effective framework for keeping satellite remote sensing data, as well as beneficial and effective insights for future developments in this area.