UPDATED 16:46 EDT / MARCH 28 2016

NEWS

Are drones the next big thing in IoT? | #FinTech

Last year Amazon revealed its plan to introduce a service deploying drones to deliver packages to consumers in 30 minutes. While many found the idea high tech and innovative, others wondered at the technical issues involved: How would they keep the drones from crashing into each other? Would it require the company to hire air traffic personnel?

DAO Aira is a new company that claims it can eliminate those problems for Amazon and other companies seeking to make the most of drone technology. Sergei Lonshakov, project architect for DAO Aira said that by using blockchain technology, the company has found ways to automate drone operation and facilitate smart contracts between humans and computers.

Speaking through an interpreter, Lonshakov, originally from Russia, told Jeff Frick, cohost of theCUBE, from the SiliconANGLE Media team, “This makes it autonomous, takes away a lot of the hefty expenses that a centralized organization would have to run.” He said that the key phrase for the company is “autonomous decentralized organization.”

The next step for IoT

Lonshakov contends that the synergy of drones and blockchain technology will take the Internet of Things to the the next level. “It really sets an open space for contracts between robots and humans,” he said.

The intelligence that operates the drones is in a server in San Diego currently but will be built into the drones in the future, said Lonshakov.

Watch the full interview below, and be sure to check out more of SiliconANGLE and theCUBE’s coverage of the Blockchain Conference San Francisco 2016.

Photo by SiliconANGLE

A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU