Drone Data Service to Create Blockchain-Based Black Box

Blockchain drone technology continues to grow, particularly with commercial development by major brands like Amazon and Walmart.

AccessTimeIconSep 10, 2019 at 6:00 a.m. UTC
Updated Aug 18, 2021 at 12:33 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Red Cat, a maker of data recorders for drones, has partnered with GoChain, a decentralized-web and cryptocurrency startup, to store flight information on a blockchain.

Today, Red Cat announced a deal with GoChain, an enterprise blockchain and cryptocurrency company. The partnership will move Red Cat’s drone data analytics and services onto GoChain’s blockchain. By hasing data like GPS coordinates, video, photos, and flight and telemetry logs on a distributed ledger, Red Cat claims drone flights can be monitored with absolute integrity.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • , which operates its own cryptocurrency, GO, is a variant of the ethereum blockchain. GoChain claims it can settle 1,300 transactions per second.

    As drone technology takes off, particularly within major brand commercial circles like Amazon and Walmart, Red Cat claims its black box tech and service bundle need 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 Red Cat Jeff Thompson, speaking with CoinDesk.

    "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," Thompson said.

    GoChain isn't the first company to enter this space. Earlier last month, Walmart filed a patent application for a shipping drone connected to the blockchain. The patent application described a drone delivery service backed by blockchain, allowing drones to exchange flight logistics information.

    UPDATE (10, September 21:30 UTC): An earlier version of this story incorrectly labelled GO a token.

    Drone image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about