The amount of precipitation in a region can only be measured if physically there is a metering station able to read the intensity of rain, for example. Another way scientists perform measurements is through radars and satellites. However, some remote parts of the world don’t have such equipment. It is important to develop equipment that will allow proper weather forecasting that could anticipate and prevent natural disasters such as floods, slopes or monsoons.
In order to solve the problem of measuring the precipitation intensity, scientists suggest that technology that is already present almost everywhere in the world can be used for this purpose. A simple mobile signal from base stations as it covers almost the entire world. Because of the impact the rain has on signal quality there are some assumptions that it could be used to measure some elements of the weather.
By using computer modeling, it is possible to measure the attenuation of the signal and calculate the precipitation intensity in a region based on it. According to the Economist, real-time data can be obtained from all base stations in the world, and without the need to install any new equipment. However, the issue is that even this advancement will not provide sufficient data that can allow business companies from the agriculture or similar industries, to plan their monthly, or season activities. The success of their performances is directly impacted by the weather.
The smart technology Weather Block has brought to the market just might solve this, among so many issues. In addition to synthesizing decentralization with Internet-Of Things (IoT) and Artificial Intelligence, which was developed by their partner BloomSky, the company aims to bring new economic models to the weather market. Its value is expressed with new cryptocurrencies which will produce commerce between entities, both individual and chains.
Weather monitoring will be performed through smart, interconnected sensors. The decentralized model of network data exchange uses blockchain technology to distribute, transact and reward participation of each station or individual. The formal verification uses mathematical techniques that confirm coded administering transactions. This tightens the security of even the most sensitive and costly trades.
The benefits and surprise in the business model are that it can be presented as a democratic platform. Its main intention is to connect data owners and consumers in one space. Data transactions will equally be available and tokenized according to economic incentives for data mining, contribution and facilitation.
Weather Blocks interesting rise started off in January of 2018. According to their website, they skyrocketed after their white paper release. Partnering with other advancing companies their primary goal is to explain and present the WXB currency during February. This process will be the first stage before presenting SKY Hardware Integration test results in May.
With the plan given on their website, this company has the chance to develop as fast as IBM attempted last year. However, their focus seems to be inclusive of individuals as well as large potential stakeholders, allowing a self sufficient system that can only prosper in the coming years.