A marketplace bringing home owners, insurance companies, contractors and government agencies into a secure blockchain ecosystem.
What is Red Cat about
This white paper describes a distributed analytics platform combined with a marketplace and service utilizing smart contracts for Drone Service Providers (DSP’s), insurance companies, home owners, private insurance adjusters, contractors and government entities such as the FAA and FEMA.
Red Cat’s 2 products both use drone analytics and artificial intelligence.
Blockchain Black Box
In this paper, we present Red Cat’s blockchain-based Black Box analytics and storage. This product replicates a traditional black box recorder required by the FAA for commercial aircraft. This service will allow companies and drone pilots to view diagnostic metrics with Red Cat analytics to understand crashes or to fine tune their drone performance.
We will also demonstrate Airsurance. A marketplace bringing home owners, insurance companies, contractors and government agencies into a secure blockchain ecosystem. Red Cat starts the process with an automated drone flight to inspect the roof top and feeds the camera vision into our Artificial Intelligence engine. Then home owners can share this analysis with verified contractors and vendors while preventing fraud and double payments for the insurance companies.
What is Red Cats value proposition
Regulators and Insurance companies will require data recorders on drones that can be trusted. Red Cat's Blockchain Black Box product is the first product to solve this issue.