South Korea’s Kweather is partnering with blockchain network Flare to bring meteorological data on-chain, aiming to develop new weather finance products. The collaboration will use Flare’s Time Series Oracle to verify and secure weather data such as temperature and rainfall, making it immutable and reliable for financial services. This data will support products like parametric climate insurance, which automates payouts based on environmental triggers, and weather derivatives for managing climate risks in sectors like agriculture and energy. The partnership also plans to integrate weather-monitoring equipment with blockchain and explore tokenizing revenue as real-world assets, potentially linking to the XRP ecosystem.
