There is an Increasing demand for more reliable and accurate weather forecast system. The weather forecasting service market is being influenced by several factors such as growth in transportation (shipping and aviation ), rapid industrialization, increase in demand for renewable energy and regular measures to cause a reduction in greenhouse gas emissions as well as increase in production. Weather forecasting has many functions and it includes providing information which is needed to optimize operations, issue warnings against disasters, and to increase the efficiency of industries which extensively rely on weather for operations. WeatherBlock is creating a market where accurate data information is readily available to its users.
Industries like Sea transportation vastly rely on timely, accurate and visual information as it provides better service and avoidance of stormy weather and other underlying situations that are detrimental to the business. But with the new technology where WeatherBlock is integrating advanced IoT weather stations and blockchain technology, it can provide weather solutions to a great extent and the sea transportation industry can make better decisions. The transportation industry is not the only industry dependent on accurate weather information as inaccurate data information has a huge effect on business decisions on industries like infrastructure, agriculture, commercial drone operation, and even outdoor services providers, therefore, there is a high demand for higher resolution data.
WeatherBlock is looking forward to resolving the problem of lack of a marketplace for the sale of weather data. This is because over the years people have learnt toWeather changes have been a phenomenon that people have found difficult to accurately detect or explain for ages. But, today, we have smart and IoT connected sensors to help us provide more data and information. WeatherBlock is presenting a decentralized model that will serve as an ecosystem for the collection and exchange of weather data. The exchange network will utilise blockchain technology to create a reward participation system and safe transaction market. Where transactions will be verified with a mathematical technique which involves validation of a code while transactions are ongoing which in turn will trigger a security sensitive trade.
WeatherBlock is looking forward to resolving the problem of lack of a marketplace for the sale of weather data. This is because over the years people have learnt to distrust the macro data and the local weatherman due to inaccurate data. By providing a blockchain protocol with BloomSky as it’s a weather database, WeatherBlock aims to provide the weather industry with trustworthy nano data and real-time images. The marketplace will be built upon the data collector, the buyer of the data and the station(BloomSky).
The community will be built on a decentralized network for hyper-local weather data. This will allow community members benefit from the peer-to-peer transactions with the use of the technology and it also provides integrity in the weather data exchange market. Micro-transactions will be enabled, since the ecosystem make use of cryptocurrency and not fiat currency. Community members can monetize their data or get a return on investment in BloomSky’s IoT sensors. They can also mine data from their backyard weather and use the market to sell or train their data, services and products. The market will open a way out for buyers and sellers to interact on a trustworthy platform. The medium of exchange will, however, be WeatherBlock’s WXB token and it will be a medium for data exchange or sales. Community members can use it for smart contract transactions and trade it on the ecosystem for digital assets.
Today, weather Data providers are aiding businesses by providing real-time and accurate weather data. Community members will also benefit from WeatherBlock’s technology as by providing, verifying, and storage of data in the nexus node. WeatherBlock is providing an ecosystem, where a reward system will increase participation in the weather data market.