Many industries require accurate weather forecasting because of the increasing threat from climate change. Plugin’s blockchain solution provides decentralized, verifiable weather data.
Existing weather information technology: Problems
The weather intelligence platforms gather information about the weather from satellite and distributed radar systems. This is valuable for collecting data from faraway places, but it restricts the range of forecasts to larger geographic areas, like cities or states.
These generic weather forecasts don’t provide details on how the weather will change in a specific street or neighborhood. This information allows businesses to make better decisions.
Better weather data is important for industries
There are many ways to collect weather data worldwide, but satellites and hyperlocal sensor data remain the most common. Although satellites are able to cover vast areas, their accuracy can be compromised in some specific locations that hyperlocal data is able to mediate. This is the best form of data collection.
The agriculture industry is one of the most dependent on weather updates. Therefore, it’s important to have accurate forecasts. Although blockchain technology may make it easier to bring this information to farmers around the globe, it will be difficult.
Future effects of climate changes will require better information on weather for agriculture. IPCC chairperson “Hoesung Lee” said that “The next few years will be crucial for the state of climate change in this century. This is why an updated assessment of mitigation is more important than ever”.
Weather data is more important than ever because of extreme weather
Weather phenomena can have a significant impact on many industries. These include aviation, agriculture, automobiles and transport.
Extreme weather events are on the rise, and this is making it even more critical to obtain detailed weather information from trusted systems.
The advantages of using weather data to the blockchain
Every industry is being disrupted and blockchain can help you win over your competitors. The blockchain allows you to access weather data in a very specific way. You can also get real-time information by pressing a button.
Alternative options include a centralized data structure that is susceptible to systemic and malicious attacks.
XDC’s Plugin Decentralized Oracle Network offers due support here.
How Plugin Weather Forecast Node Plugin WFN solves weather data problems
Plugin, a decentralized Oracle built on XDC Network provides decentralized weather data. These data are collected from registered weather stations, also known as hyperlocal sensors. They can be placed in different locations around the world.
These nodes collect weather data at near-real-time speed and push it into a data pool. You can scale this up by having similar units around the world, creating a huge data lake.
Data Lake collects information at an extremely fine level. Each unit contains data tagged latitude and longitude coordinates. The Plugin blockchain uploads weather data that has been cryptographically signed. This allows anyone needing weather information to verify the provenance of a smart contract. This information can’t be falsified or forged.
Plugin WFN Data providers receive a fair compensation for providing important fuel for future. Weather data. Periodic quality checks are conducted at all registered weather stations.
This data is required for verification and validation of crop insurance claims. Claims that offer cash payouts are validated when certain conditions are fulfilled. This data can be used to hedge against drought and by logistics companies for re-routing cargo onto land when weather conditions are not favorable.
How Plugin’s system will build a new economy
The Plugin Weather forecast Node is a use case created by Plugin via the XDC Network. It brings together data from different regions around the world at a granular scale. Through efficient data processing from various units across the globe, Plugin’s data lake will build a new economy in the future, decentralized world.
The decentralized application UI allows users to access real-time and near-real-time information from the weather stations currently located in the region. By selecting ‘Country’, ‘State’, and ‘City’, users can view the data at a latitude/longitude level. To drill down even further, you can enable more filters.
This data can then be uploaded to the blockchain via smart contracts. Events can also be created that allow for insightful decision-making.
Community members can access the Plugin Weather Forecast Node at this time. It will soon improve efficiency in many industries including insurance and aviation.
Numerous crypto exchanges list Plugin (ticker: PLI).
The future is already here. WELCOME TO PLUGIN WATER FORECAST NODE (Plugin WFN).