WeatherXM: Decentralizing Weather Forecasting With Web3 and IoT
Summary:
The latest Decentralize with Cointelegraph podcast episode features WeatherXM CEO, Manolis Nikiforakis, discussing the future of weather forecasting. He explores the possibility of leveraging Web3 and the Internet of Things (IoT) to decentralize weather data collection and provide hyperlocal insights. As a community-based network, WeatherXM allows users to contribute data from their weather stations and employs machine learning to improve its forecasts. Their innovative technology merges IoT devices with blockchain networks, like Filecoin and Helium, ensuring secure, scalable storage and sharing of weather data. WeatherXM's goal is to ensure even the most remote areas can access accurate weather data, with further plans to provide weather station hardware to disadvantaged communities.
In the most recent installment of Decentralize with Cointelegraph, host Savannah Fortis and CEO of WeatherXM, Manolis Nikiforakis, delve into the future of meteorological predictions. They discuss the potential of Web3 and Internet of Things (IoT) in decentralizing weather data gathering and delivering hyperlocal weather updates.
Envision a society where hyper specific and accurate weather data is accessible to everyone, ranging from agriculturists to researchers. WeatherXM, a weather network powered by the community, is attempting to actualize this vision by establishing a decentralized weather station network utilizing Web3 and IoT equipment.
These independent meteorological networks offer users the chance to contribute data from their personal weather stations, ensuring a thorough and trustworthy weather data resource. Nikiforakis explains the methodology behind their improved forecasts: they rank third-party predictions, use the most reliable ones as a foundation, combine the best parts, and further enhance these with machine learning.
The outcome is a community-led technique that elevates weather forecast precision and democratizes essential weather data accessibility.
WeatherXM employs innovative technology, amalgamating IoT devices with blockchain networks like Filecoin and Helium for data storage. This amalgamation ensures the secure, scalable storage and sharing of huge volumes of meteorological data.
Station owners are rewarded for their contributions with WeatherXM's native ERC-20 governance token (WXM), which became tradable on Uniswap v3 and other platforms on May 30. Users can also earn daily rewards based on Arbitrum and collect beta rewards for their participation.
Nikiforakis speaks of the practical applications of this technology: providing precise weather predictions to the agricultural sector and improving disaster readiness. WeatherXM is intent on ensuring that even the most isolated areas have access to accurate meteorological data. Nikiforakis places emphasis on WeatherXM’s role in supporting developing areas where accurate weather data can have a profound effect on agriculture, safety, and overall living standards.
WeatherXM has reached a landmark of 5,000 weather station deployments, most of which actively contribute data. The company raised $7.7 million in a Series A funding round led by Lightspeed Faction on May 22. Their focus continues to be network expansion and data gathering enhancement, with the ultimate goal of creating a global decentralized weather system.
For a deep dive into WeatherXM and the transformative potential of decentralised technology in weather forecasting, listen to the complete episode of Decentralize with Cointelegraph on Cointelegraph's podcast page, Spotify, Apple Podcasts, or your preferred podcast platform.
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Published At
6/3/2024 3:05:00 PM
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