The weather information provider AccuWeather announced Wednesday that it is launching a Chainlink node to place its weather APIs directly onto blockchain-based smart contracts, according to a release.
AccuWeather APIs include weather information such as temperature, precipitation, wind speed, and natural disaster classifications. A few possible uses for AccuWeather-powered smart contracts include non-fungible tokens (NFTs) that can change depending on weather forecasts, weather prediction markets against natural disasters, and automatic supply chain shifts correlated with the weather, according to the weather firm.
“As one of the initial weather-related data products to join Chainlink, we are thrilled to expand our reach in bringing value to the emerging blockchain-based market,” Kurt Fulepp, Global Chief Product Officer of AccuWeather, said in the release.
Chainlink, an Ethereum-based network of decentralized blockchain oracles, allows off-chain data to be placed into smart contracts.
The crypto exchange Kraken also recently incorporated a Chalinlink node to facilitate price predictions on decentralized finance (DeFi) apps, and the digital asset investment firm Grayscale also added Chainlink’s native token, LINK, to its investment fund.