Red Cat, a startup that wants to store drone flight data on the blockchain to guarantee immutability, announced the second beta of its drone data platform today.
Jeff Thompson, CEO of Red Cat, says in 2017 he was looking at what was holding back the commercial drone business and the need for a black-box kind of system became apparent to him.
The so-called black box is really a flight recorder that tracks data about a flight.
He believed he could create a platform to reproduce this capability for drones and store it on the blockchain to take advantage of the immutability of blockchain data.
“People want to be able to have some accountability and trackability to be able to start utilizing our information, whether it’s regulators or insurance companies, guys that have to write checks if you do a lot of damage,” Thompson told TechCrunch.
This tool could help these interested parties should there be an investigation into a crash, a near-miss with a plane or an incident like the drone that shut down Gatwick Airport in London last year.