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Hedging Against Bad Weather with Cloud Datasets and Blockchain Oracles



"...open weather data and blockchain technology, combined with capabilities from Google Cloud, can create economic efficiencies and through sustainable agriculture mitigate climate change.

Unexpected adverse weather events lead to economic losses across a wide range of industries, and these events are becoming more common as we experience climate change. Examples include reduced crop yields during drought, disrupted travel itineraries during snowstorms, cancelled sports events during excessive rainfall, and existential risks and infrastructure failures caused by large-magnitude bad weather.

While we don’t yet have the technology to control the weather, the impact of adverse weather events can be mitigated when the events themselves are more predictable. Fortunately, more accurate forecasts can be made when more data is available. Google Cloud’s Public Datasets Program hosts petabytes of useful datasets, such as historical weather and climate data, that businesses can instantly access to optimize analytic models around weather risk and create data-driven solutions. And this is already happening; machine learning algorithms that are used for weather forecasting are being used to create financial products like weather insurance..."

https://medium.com/google-cloud/hedging-against-bad-weather-with-cloud-datasets-and-blockchain-oracles-7ba3e0150304