Due to the occlusion of the measured object and the limitation of the field of view of the lidar, the data of a single lidar cannot achieve the effect of panoramic color point cloud. In this paper, the multi-view point cloud data and image data obtained by three sets of distribution network operation safety behavior pre-control devices with lidar and camera are used to obtain the complete three-dimensional information and RGB information of the distribution network area. Due to the simultaneous scanning of multiple devices, the panoramic color point cloud data has increased significantly, which puts tremendous pressure on data transmission. In this paper, we propose a Real-time Color Suream Draco (RCS-Draco) algorithm based on the Google Draco geometric compression library. The algorithm is integrated into the ROS framework, and the point cloud stream is encoded and decoded in real time with the help of ROS message flow, which improves the real-time performance of the algorithm. By establishing an optimal clipping model, the point clouds are cropped and filtered, the drift and outlier point clouds are removed, and the compression efficiency of the compression algorithm is improved. Experiments show that the average compression ratio of the RCS-Draco algorithm can reach up to 77%, the average compression and decompression time is less than 0.035s, the average position error is less than 0.05m, and the average attribute error is less than 35. The fusion test proves that the RCS-Draco algorithm is superior to the Draco algorithm in various indicators.