The Drone Market, forecasted to surpass 12 billion dollars in sales by 2021, lacks the infrastructure to efficiently support the rapid rise and creation of new applications in this space.
Lack of regulation and inefficient protocols regarding safety and automation make the process of implementing new uses for drones difficult and slow. Despite this barrier to entry, the Drone Market continues to rapidly grow. The market for commercial and civilian drones is slated to grow at a compound annual growth rate (CAGR) of 19% between 2015 and 2020.
BlockchainTaxi’s platform will become the scaffolding upon which the automated drone superhighway system of the future is built. BlockchainTaxi will provide the framework for smart contracts to be built that use blockchain technology to automate operations like air traffic control, pre-arranged inspections of structures, disaster responses and any other large scale drone application that requires logistical coordination on a macro level. BlockchainTaxi’s Coin will act as the currency and medium of exchange for payments between service providers and customers (for uses such as air taxis and drone deliveries).
By being the exclusive partner of Passenger Drone, BlockchainTaxi will be implemented in a real world setting in the near future. Access to Passenger Drone’s hardware infrastructure will allow BlockchainTaxi to be one of the first end to end, intelligent eco systems for drones. Other manned drone manufactures such as eHang, Kitty Hawk, Volocopter and Airbus can become time and cost optimized by building upon the BlockchainTaxi framework - a framework which will already have been proven in a real world setting. By adapting and expanding the Passenger Drone model to other aeronautic industries and manufacturers, BlockchainTaxi will become the foundation of a worldwide intelligent network of drones.