ICO Listย โžก๏ธ More Info About ICO ๐Ÿ“ˆ๐Ÿค‘

DYOR for this ICO. You can leave comment and react for others to help them found the best possible ICO invest.

ICO NameRed Cat
SymbolRCAT
Start DateAugust 01, 2018
End DateOctober 30, 2018
CountryPuerto Rico
PlatformEthereum
Ends
6 Months ago
Show All

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 2017

The FAA, Insurance Companies and Drone Service Providers do not have the required detailed information about commercial drone flights to determine fault or to make risk assessments.

Globally, insurance companies lose over $80B USD to fraud every year. One of the biggest challenges faced by insurance companies in combating fraud is that adjusters primarily rely on physical processes. The recent hurricanes have amplified the antiquated paper system of insurance adjusters, causing avoidable costs for the underwriters and frustrated customers. One of the newest tools for the insurance industry are drones. But the new tool comes with new regulations and challenges including how to insure these expensive and sometimes dangerous tools.

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
• Airsurance

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.

In contrast to many other companies launching token sales, we already have a functioning platform.

CEO & Founder
UI and UX Design
Infrastructure
Price1 RCAT = 0.15 USDSale156,000,000Payment ModeETH, Fiat
Minimum InvestmentN/ADistribution52%RaisedN/A
Soft CapN/AHard Cap5,000,000 USD
[js-disqus]