Blockchain Technology for Weather and Disaster Resilience

In 2017, the world suffered 710 geophysical, meteorological, hydrological, and climatological “natural-loss events” – almost triple the number it suffered in 1980. These events caused approximately $330 billion in damages, less than half of which was covered by insurance. In parallel, 23 million people were displaced.

Blockchain technology can help in our fight for weather and disaster resilience.

  1. Predicting and Forecasting :

• Extreme weather impact analysis
• Ledger to identify, verify and
transact weather data

2. Early-warning systems

• Real-time monitoring of natural hazards
• Decentralized weather sensors
generating automated alerts

3. Resilient Infrastructure

• Automatic rerouting of power to prevent blackouts
• Decentralized mini-grids improving disaster resilience

4. Financial instruments

• Disaster recovery funding
• Decentralized disaster insurance platforms
• Management of transactions in response to extreme weather events
• Crowdsale for adaptation investments

5. Resilience planning

• Enhanced emergency disaster response

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