• Sun, 22 Sep 2019, 01:35 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

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]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,974.09 (-1.99%)
  • Ethereum (ETH) $212.36 (-3.16%)
  • XRP (XRP) $0.284800 (-3.62%)
  • Bitcoin Cash (BCH) $308.05 (-2.70%)
  • Litecoin (LTC) $72.48 (-3.61%)
  • Bitcoin (BTC) $9,974.09 (-1.99%)
Sep 20, 2019 (Friday)
14:09
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
14:08
Crypto Technicals: LTC/USD Technical Analysis Summary
12:44
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:57
Azerbaijan's State Customs Committee seeks to exchange information with global counterparts via blockchain
10:17
Coinbase considers listing 17 new digital assets including Kadena and Telegram
10:08
Crypto Technicals: ETH/USD consolidates previous session's gains, bias bullish above 200-DMA
09:56
US Congress’ upcoming hearing with SEC to focus on cryptocurrencies and Libra
08:41
Crypto Technicals: BTC/USD retraces from 3-week lows, resumes range trade, bias neutral
07:01
Square Crypto taps former Google, Facebook and Lightning Labs execs for inaugural developer team
06:22
Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains
06:22
Bank of America joins blockchain-based trade finance network Marco Polo
05:25
Patrick Byrne sells off his $100M Overstock stake to buy cryptocurrencies, blames 'deep state' and SEC
05:14
Early ethereum supporter Steven Nerayoff faces $12M cryptocurrency extortion charges
05:09
Crypto trader Genesis acquires Qu Capital to bolster trading technology
04:30
Crypto Technicals: IOT/USD Technical Analysis Summary
03:43
Pakistan's Faysal Bank becomes the country's first bank to adopt Ripple's xCurrent technology
03:40
All 7-Eleven stores in the Philippines now sell bitcoin, thanks to the new partnership of Abra, ECPay
03:37
Arab Bank Switzerland partners with Taurus to offer cryptocurrency services to its wealthy clients
03:34
IBM, Citibank, Ubisoft signed up as corporate partners of Singapore's blockchain accelerator Tribe
Sep 19, 2019 (Thursday)
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft