Red Cat Partners with GoChain for Blockchain-Based Drone Data
Red Cat Partners with GoChain for Blockchain-Based Drone Data Storage, Analytics, and Services Platform
SANTURCE, Puerto Rico, Sept. 09, 2019
(GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (OTC: RCAT), a
leading provider of distributed data storage, analytics and
services for the drone industry, today announced it has partnered
with GoChain, a provider of scalable
blockchain solutions for enterprises, NGOs and nonprofits. As part
of this partnership, Red Cat 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 that regulators and insurance companies can trust. The platform includes several integrated systems that enable industry 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.
“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,” said Jeff Thompson, CEO of Red Cat. “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....