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Red Cat teams up with GoChain to store drone data on blockchain

Tue, 10 Sep 2019, 11:55 am UTC

Red Cat, a provider of distributed data storage, analytics and services for the drone industry, has partnered with enterprise blockchain startup GoChain to take the commercial drone industry forward.

Under the partnership, Red Cat will integrate its blockchain blackbox and distributed storage system onto the GoChain platform. It said that storing encrypted drone data, such as GPS coordinates and logs, video and photos, and telemetry logs, on a blockchain will facilitate “compliant operations and data privacy for pilots.”

Red Cat has developed black box drone flight recorder, which it claims to be the “first distributed system with security and encryption that regulators and insurance companies can trust.” The platform reportedly has several integrated systems that allow regulators to track and review drone flight data, insurance companies to insure drones with reliable third-party data, and pilots to ensure they stay compliant with regulators.

GoChain, on the other hand, claims to be the best performing public web3 network. According to the description on its official website, “GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications.” It also claims to be capable of settling 1,300 transactions per second.

Red Cat tested both EOS and GoChain blockchains. Commenting on the reasons for choosing GoChain, Jeff Thompson, CEO of Red Cat, told CoinDesk:

“GoChain’s ability for multi-chain access, and its fast, scalable, cost-efficient blockchain protocol and experienced team was the perfect fit to advance our vision.”

Thompson said that with Amazon, Google and UPS currently building large commercial drone fleets, Red Cat’s analytics platform will provide security and data transparency for the entire industry. “Experienced partners like GoChain allow us to immediately and easily deliver the technology to our customers with speed and scale, a crucial step as we move towards our commercialization later this year,” he added.

Last month, Walmart filed a patent application, entitled “Cloning Drones Using Blockchain,” with the United States Patent and Trademark Office (USPTO). The application describes a method of drone-drone communication using blockchain technology.

TokenPost | [email protected]

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