AccuWeather announced Wednesday that it is bringing its world class weather data onto the blockchain by launching a Chainlink node. Through the Chainlink node, AccuWeather can place its APIs directly onto blockchain-based smart contracts.
As blockchain uses cryptography to sign any data. It believes that now their users will know for a fact that data came directly from their API. AccuWeather APIs include weather information such as temperature, precipitation, wind speed, and natural disaster classifications.
A few possible uses for AccuWeather-powered smart contracts include NFTs that can change depending on weather forecasts, weather prediction markets against natural disasters, and automatic supply chain shifts correlated with the weather.
“Innovation is in our DNA at AccuWeather and integrating Chainlink demonstrates another way in which we deliver best-in-class products to users and consumers in a diverse and growing number of platforms and spaces”. “As one of the initial weather-related data products to join Chainlink, we are thrilled to expand our reach in bringing value to the emerging blockchain-based market,” Kurt Fulepp, Global Chief Product Officer of AccuWeather, said in the release.
Some of the unique features of Chainlink nodes for data providers include:
- Data Integrity — Chainlink node will cryptographically sign all data we supply on-chain. It would verify the origin of data and prevent man-in-the-middle attacks.
- Blockchain Agnostic — Chainlink node is compatible with any blockchain environment.
- Widely Adopted — Chainlink is the most widely used oracle network, providing us access to a vast addressable market of potential data consumers.
- Provably Secure — Chainlink is thoroughly audited open-source software that secures tens of billions of dollars in value, showcasing its ability to trigger the automation of high-value smart contacts live in production.
Chainlink, an Ethereum-based network of decentralized blockchain oracles, allows users to feed off-chain data into smart contracts.
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Chainlink is the most widely used solution for smart contract developers. It already supports several weather-based applications running on blockchains, such as Arbol and Etherisc for parametric crop insurance.
The crypto exchange Kraken also recently incorporated a Chalinlink node to facilitate price predictions on decentralized finance (DeFi) apps. The digital asset investment firm Grayscale also added Chainlink’s native token, LINK, to its investment fund.
