Employing Blockchain and Drone Artificial Intelligence into the Insurance value chain
"Like the internet and GPS before them, drones are evolving beyond their military origin to become powerful business tools. They’ve already made the leap to the consumer market, and now they're being put to work in commercial and civil government applications from firefighting to farming. That’s creating a market opportunity that's too large to ignore."
Source Goldman Sachs- Drones Reporting to work 2017
The insurance business has evolved, surviving several industry transformations. Blockchain technology is another driver of transformation; one with the potential
to be among the leading digital-technology trends in the insurance industry. This technology has the potential to impact the entire insurance value chain end-to-end, including information collection, underwriting, rating, actuarial analysis, quoting, binding, billing, contract management, claims processing, distribution, policy administration and also regulation.
Red Cat can help the insurance companies insure one their newest categories and tool. That category and tool is drones. 2018 is the year drones will scale to large fleets and start performing work. The insurance companies and the FAA need data and information to make regulation and to make risk tables to insure this large new category. Red Cat is developing software and services to allow these busy bees become a reality in every day life.