AI and Blockchain: The Future of Drone Technology
The future of drone technology is attributable to artificial intelligence and blockchain, which are driving change in every aspect of drone including hardware, software, its data management, and decision-making. In spite of the industry facing numerous challenges such as creating optimal air routes, increasing air traffic, scheduling flight plans and dealing with emergencies, the drone program promises a major industrial transformation while drawing the attention of major e-commerce behemoths, including Amazon and Alibaba. The thought leaders from the industry believe that drone technology could help in reducing human interventions, particularly in areas such as supply chain and logistics.
Infusing AI with drones will enable unsupervised learning, as they will be able to adapt and learn from their own mistakes and function without any human interventions. Further, drone-captured data coupled with sophisticated analytics algorithms will help operators derive meaningful business insights for better decision making.
Apart from AI, the distributed ledger technology—blockchain can provide adequate security, accuracy, and easy regulation, among others. As its applications are gaining immense popularity across industries, drones would require a newer infrastructure that provides scalability, flexibility, and agility to deliver services at optimum speed. Though setting up blockchain-powered drone infrastructure may be an expensive affair, its aftermath advantages cannot be sidelined. By leveraging blockchain, drones can be mounted with remote identification systems not only to authenticate identity but also monitor and track the package and report events in real-time.
Above all, the deployment of AI and blockchain-enabled drones in critical business areas such as supply chain will eradicate human interventions since the probability of errors in these areas is extremely high. Eventually, the adoption of drone technology will have a positive impact on company’s profitability, revenue generation, and strategy implementation as it provides scope for superior business optimization and real-time communication.