Home / Ethereum Latest News / KMA-Certified Blockchain Project OBSERVER Commodifies Weather Data

KMA-Certified Blockchain Project OBSERVER Commodifies Weather Data

It’s a sunny day for OBSERVER.

As of November 26, blockchain-based climate information challenge OBSERVER is known as an legitimate climate company through the Korean authorities (although the Observer Foundation is headquartered in Estonia). The corporate announced the day before today that it had won the certification from the Korea Meteorological Administration (KMA), South Korea’s climate and weather company.

Authorization from the KMA lets in climate companies like OBSERVER to take part in government-funded public tasks, in addition to offers the blockchain corporate get right of entry to to the KMA’s powerful climate and weather information. The OBSERVER workforce indicated that such advantages would assist to give a boost to its climate predictions.

OBSERVER works through crowdsourcing hyper-local climate information. Data suppliers obtain OBSERVER cash (OBSR) in alternate for his or her climate data, first when it is quality-checked and 2d when it is bought. Anybody being able to make climate observations (like the use of a smartphone to gather air power information) can take part within the OBSERVER ecosystem. Plus, contributors can earn royalty cash for his or her information contributions as a type of copyright coverage.

Miners at the OBSERVER blockchain obtain OBSR for verifying climate observations and upholding the blockchain community, although the white paper mentions that evidence of stake is used throughout the machine as smartly.

However, OBSERVER isn’t the one blockchain challenge having a look at climate information. A equivalent initiative is Thor Weather, which permits people to view weather- and climate-related information in alternate for his or her Data Read Tokens. Users obtain those tokens through contributing their very own climate data to the platform.

From a broader viewpoint, reimbursement for other folks’s information contributions is a core theme amongst many blockchain tasks, no longer merely weather-based projects. Researcher and RadicalxChange founder Glen Weyl calls this shift in financial pondering “information as hard work.”

Take SENSE, as an example. The token is designed to praise wisdom sharing over the Sensay messaging platform. It’s like a blockchain-based ChaCha (take into account that provider?).

Another instance is FOAM, a blockchain protocol to crowdsource location information. Users (known as cartographers) stake their FOAM tokens to suggest positive focal point exists, then different token holders vote to approve the legitimacy of the declare. Cartographers aren’t essentially awarded tokens for his or her contributions, however there exists an financial incentive to take part in that extra FOAM customers might imply an build up within the token’s price.

One extra instance is Steemit.com, a blockchain-based social media website online that rewards customers in STEEM cash for his or her content material contributions. Although written content material isn’t the similar as location or climate information, it nonetheless represents the commodification of data (on this case, significant social media content material) that generally is going uncompensated.

Blockchain era has the possible to re-examine the tactics during which societies conceive and organize information. Weather information tasks similar to OBSERVER display promise in serving to to shift our working out of present information fashions (particularly relating to reimbursement for mentioned information), however like with any blockchain initiative, other folks want to use the machine first for it to be significant.

Daniel Putney is a full-time creator for ETHNews. He won his bachelor’s stage in English writing from the University of Nevada, Reno, the place he additionally studied journalism and queer principle. In his unfastened time, he writes poetry, performs the piano, and fangirls over fictional characters. He lives along with his spouse, 3 canine, and two cats in the course of nowhere, Nevada.

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