Streetwise Reports Publishes 'Drone Technology Company Is in the Limelight Amid Data Security Concerns'

Petaluma, California, UNITED STATES

SAN FRANCISCO, Feb. 14, 2020 (GLOBE NEWSWIRE) -- Drone data security has become a hot issue. The Department of the Interior last fall grounded its 1,000-strong drone fleet and in January announced a permanent halt to the use of drones because of security fears over the use of data generated from equipment made or partially made in China.

Company mentioned: Red Cat Holdings Inc. (RCAT:OTCMKTS)

Protection of data has become a major security issue, and small-cap Red Cat Holdings Inc. (RCAT:OTCMKTS) has a solution using blockchain to protect data. In an interview with Commercial UAV News, Red Cat CEO Jeff Thompson said, "When a government, any government, has to go through the same process and usage model as a consumer, including giving your data to a company in another country, that's a huge concern for governments across the globe. It's a big deal."

"Drones can do useful stuff for many governments across the globe, but that data has to be protected and secure and cannot be accessible to other governments who might use that data for bad things," Thompson stated.

Red Cat has been addressing this issue, "trying to make it so that drone manufacturers, through their process, can enable Red Cat to put the drone owner/operator in control of their own data, and make it so it cannot be accessed unless that drone operator wants it to be accessed," Thompson said.

Continue reading this article: Drone Technology Company Is in the Limelight Amid Data Security Concerns

About Streetwise Reports

Streetwise Reports shares investment ideas in many sectors. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.


The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Red Cat Holdings. Please click here for more information. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Red Cat Holdings.

The full disclosure is provided at the article's end: Drone Technology Company Is in the Limelight Amid Data Security Concerns