💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Plugin & Samunnati Target to Access Weather Intelligence for Financial Aid

Published 07/05/2022, 07:22 AM
Updated 07/05/2022, 07:30 AM
Plugin & Samunnati Target to Access Weather Intelligence for Financial Aid

  • Plugin and Samunnati integrate to open their services in weather intelligence.
  • These companies will provide technical services to develop the agricultural industry.
  • The partnership allows analyzing crop insurance availability among smallholder farmers.

Decentralized oracle platform Plugin and India’s open agri-network Samunnati have collaborated to bring synergies in weather intelligence. The partnership helps expand the range of contemporary technical services available to the agricultural industry. Practically, both teams will apply their expertise via Plugin’s Weather Forecast Node (WFN) project.

In detail, Plugin and Samunnati will implement the Plugin WFN project across the smallholder farmers’ landscape. Aggregated weather data will be integrated into Plugin’s data lake within the XDC ecosystem helping boost weather intelligence activities.

Significantly, Plugin’s WFN uses data collected and processed via registered weather stations/hyperlocal sensors placed across the globe. Data retrieved from these nodes are collected and processed at near-real-time speeds and pushed into Plugin’s data lake.

The decentralized application user interfaces (UI) make weather data come tagged with latitude and longitude coordinates. This helps provide cryptographic proof when uploading the data into Plugin’s blockchain, enabling anyone to verify its provenance when developing smart contracts. Once weather data is recorded on PLI’s blockchain, its provenance information can’t be altered.

Moreover, available additional filters help in drilling down weather data collected by PLI to the granular level. To expand, one can view weather data by searching for information on a specific country, state, or city.

PLI conducts periodic checks at the registered weather station and guarantees the quality of recorded weather data. Also, the providers of Plugin WFN’s data are compensated for providing accurate and actionable weather info. This helps optimize the data, making it useful for decision-making in different industries.

Besides, the partnership allows analyzing crop insurance availability among smallholder farmers. Furthermore, the companies analyze how the aforementioned challenges can be handled during unforeseen and weather-related calamities.

Apart from the partnership, Plugin has also signed a Memorandum of understanding (MoU) with Samunnati that will see Samunnati onboarded as Master Node Operator on Plugin’s decentralized oracle network.

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.