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.
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