Red Cat Holdings has announced it has partnered with GoChain for blockchain-based drone data storage.
As part of the partnership, Red Cat detailed that it will integrate its blockchain black box and distributed storage system onto the GoChain platform.
Red Cat developed the industry’s first blackbox flight recorder and distributed system for drones with security and encryption, a platform which includes several integrated systems that enable industry regulators to track and review drone flight data.
It has also been designed to help insurance companies to insure drones with reliable third-party data, and pilots to ensure they stay compliant with regulators.
Jeff Thompson, CEO of Red Cat, commented: “In 2018, Red Cat set out on a mission to build the first native blockchain black box analytics platform for the drone industry. We are pleased to announce we have delivered on that mission.”
Adding: “With Amazon, Google and UPS currently building large commercial drone fleets, we believe our 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.”