RedCat Partners With GoChain For Blockchain-Based Drone Data Storage
A maker of data recorders for drones, Red Cat, has collaborated with GoChain, a cryptocurrency and decentralized-web start-up, for storing the flight details on a blockchain.
Red Cat announced their partnership with GoChain earlier today. This integration will transfer Red Cat’s drone services and analytics on GoChain’s blockchain network. Red Cat explained that flights can now be monitored with complete integrity by having data like GPS coordinates, pictures, videos, and telemetry and flight logs on a distributed ledger network.
GoChain, having its own token called GO, is developed on the Ethereum blockchain. They claim that their blockchain can establish 1,300 transactions every second.
With the growing trend around drone technology, specifically within major companies like Walmart and Amazon, Red Cat said that its service bundle and black box technology requires the assistance of blockchain technology.
“We’re full speed ahead on the commercialization of our blockchain black box and distributed storage system to move the drone industry forward and make the skies safer,” said Jeff Thompson from Red Cat. “We had tested several solutions, but 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.”
GoChain is not the first organization to carry out this initiative. As reported by Blockchain Magazine earlier last month, Walmart had issued a patent application for a blockchain-powered shipping drone. The application suggested a drone delivery service powered by blockchain, enabling drones to exchange data regarding flight logistics.
Stay informed with daily updates from Blockchain Magazine on Google News. Click here to follow us and mark as favorite: [Blockchain Magazine on Google News].
Get Blockchain Insights In Inbox
Stay ahead of the curve with expert analysis and market updates.
latest from tech
Disclaimer: Any post shared by a third-party agency are sponsored and Blockchain Magazine has no views on any such posts. The views and opinions expressed in this post are those of the clients and do not necessarily reflect the official policy or position of Blockchain Magazine. The information provided in this post is for informational purposes only and should not be considered as financial, investment, or professional advice. Blockchain Magazine does not endorse or promote any specific products, services, or companies mentioned in this posts. Readers are encouraged to conduct their own research and consult with a qualified professional before making any financial decisions. The featured image used is just a creative depiction of the title and it does not intend to hurt sentiments of any person or institution. If it hurts anyone sentiments, please do not hesitate to reach out to Blockchain Magazine.