Decentralized Climate Data, Parametric Insurance, and Oracles: How Smart Contracts and Blockchain Can Help Farmers and Businesses Fight Climate Change

The fucking title of this talk.

Speaker: Sid Jha

dClimate Twitter Web arbol Web Twitter

• climate data helps businesses run and decentralizing it makes it more open
• 70% of global GDP is affected by weather
• many people in the world are one catastrophe away from irreversible loss
• historical data can be used for modelling and predicting
• building:
  • API for pulling climate data
  • "Construction App" -> "Worksite weather risk calculator"
  • actionable data and insights
• Chainlink used for data validation (data validation is a specialized skillset)
• Chainlink also used for governance
• how smart contracts/blockchain help fight climate change:
  • developing nations get access to immutable data and insurance products (open data)
  • many businesses can't handle one natural catastrophe
  • parametric insurance powered by oracles/immutable data/blockchain helps insurance company and businesses:
    • reduces need for disaster aid
    • insurance can pay out much quicker and more accurate
    • businesses up and running sooner
  • oracles essential to getting immutable/standardized data