Hedera Hashgraph and Neuron, behind the popular altcoin HBAR, announced that they are working together to track drones and record data using Blockchain technology. Cryptocoin. com we are conveying the details…
A partnership announcement came from Hedera and Neuron
Neuron Innovation, a London-based aerospace company, conducted a drone data collection trial sponsored by the UK government. The test is made possible by a general ledger consensus protocol developed by Hedera. Collaboration between Hedera and Neuron enabled the collation, storage and sequencing of millions of data points connected to drone flights. Niall Greenwood, CEO of Neuron Innovation, said of the trial’s implications and prospects:
We made unmanned, long-distance drone travel possible using safety-critical aviation infrastructure. Each flight generates millions of data points that no other general ledger is fast enough to log and sort correctly.
Altcoin price rises
The collaboration between the two parties enabled Neuron’s sensors to record the drone’s flight paths and location data. At the same time, the Hedera consensus played a critical role in creating timestamps of data collected from each drone and recording them in a decentralized ledger. Hedera Hashgraph is a blockchain network powered by a proof-of-stake algorithm. Hedera Consensus Service uses PoS to determine the feasibility of introducing a concept. After the recent announcements, the price of Hedera’s HBAR altcoin rose slightly. The coin climbed from $0.263 to around 0.2762. HBAR has seen an increase of 13 percent over the last 30 days and a 420 percent increase over the past year.