CHAINLINK TECH TALK #
SMART CONTRACT AUTOMATION MASTERCLASS
19
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Climate Tech Talk: Protecting Farmers With Parametric Crop Insurance

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On-demand
Date
October 20, 2022 1:00 AM
Duration
45 minutes
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Abstract

Drought, floods, and extreme heat impact farmers in the developing world far more than those in developed markets. At the same time, traditional crop insurance is too costly to deliver in emerging markets due to underwriting, distribution, and claim-handling costs, leaving subsistence farmers exposed to unforeseen events that can lead to financial ruin. It is estimated that over $1 trillion worth of crops are uninsured globally each year.

By leveraging smart contracts and climate data, Arbol is able to offer weather coverage triggered by real-world climate events to deliver a transparent and scalable insurance solution to farmers.

Learning Objectives

Learn how Arbol is helping offset climate risks for farmers in emerging markets
Explore how Web3 enables transparent and seamless crop insurance for developing markets
Understand how Chainlink brings weather data on-chain securely and reliably

Speakers

Sid Jha

CEO

Arbol

Charlie Moore

Head of Carbon and ESG Solutions

Chainlink Labs

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