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Flare and Kweather launch weather finance products as tokenization spreads into the climate economy 


Flare and Kweather launch weather finance products as tokenization spreads into the climate economy 

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Kweather, a leading South Korean weather big data platform, and Flare, a data-centric blockchain network, signed a Letter of Intent to run a pilot bringing Kweather’s meteorological datasets — including temperature, rainfall and other climate variables — on-chain. The collaboration aims to enable on-chain oracles and specialized weather finance products for DeFi, boosting crypto adoption for parametric insurance, climate risk markets and smart contract-based financial services.

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Kweather, one of South Korea’s leading weather big data platform companies, and Flare, the data-centric blockchain network, are collaborating on a pilot to bring meteorological data on-chain and explore specialized weather finance products, under a newly signed Letter of Intent.  Under the partnership, Kweather’s meteorological datasets, including temperature, rainfall, and other climate variables, are intended...
Read the article at CryptoPolitan

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In This News

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