Binance USA boss Brian Brooks throws in the towel

With Chainlink (LINK) and the Google Cloud, it is now possible to use the daily weather data from 9,000 stations. This allows programmers to set up smart contracts and offer insurance against natural disasters, for example.

Natural disasters have the devastating potential to devastate entire villages and cities, as we in this country painfully experienced just a few weeks ago during the flood disaster that showed its full extent in the Ahr Valley, for example – at least 191 people died in Germany alone. However, it is not only private losses that have been recorded; agricultural businesses have also suffered enormous, in some cases livelihood-destroying, losses as a result of the disaster. For this reason, the news that programmers can now query weather data (such as the amount of rain or wind speed) using the Google Cloud and Chainlink is highly topical, especially at this time.

Back in 2019, Google and Chainlink signed a deal that would allow the tech giant to ingest data from the blockchain company into its in-house Google Cloud. Now Google let it announce an interesting innovation. Through a Chainlink adapter, it should be possible in the future for developers to use daily weather data from circa 9,000 US weather stations for smart contracts – with a variety of possible applications.

Binance USA boss Brian Brooks throws in the towelBinance USA boss Brian Brooks throws in the towelBinance USA boss Brian Brooks throws in the towelCourse of Chainlink (LINK)

Decentralized insurance with Chainlink data

The weather data integrated into the Google Cloud enables a wide range of possible applications. For example, developers are given the option to reuse the data for various other applications. For example, programmers can now develop insurance programs on the blockchain that use daily updated data to create risk assessments. Insurance claims can be enforced automatically, efficiently and without a middleman through smart contracts and based on weather data.

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Regardless of the size or regional location of a particular farm, it would be possible by means of these specifically developed insurance policies to dhe financial risks for farms can be mitigated thanks to the Google Cloud and Chainlink.

Meanwhile, in the crypto space, demand for qualified real-life data continues to grow – a welcome development for Chainlink. As recently as August 5, 2021, for example, Swiss telecommunications company Swisscom released news that the company would be setting up its own Chainlink Node in a pilot project. In doing so, the Swiss company hopes to provide the growing DeFi market with more data to work with.