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Environmental intelligence company Ambee partners have announced its partnership with Razor Network to provide accurate and reliable environmental data to Blockchain applications and users.
“As a part of the partnership, Razor Network will be compatible with high-resolution data from Ambee, and will support APIs for air quality, weather, pollen, fire, soil, water vapor, and more,” the statement said.
“This partnership will help developers on leading blockchain platforms use Ambee’s environmental data to develop a range of applications that apply blockchain to deepen problem-solving for businesses that are affected by environmental factors and climate change,” it added.
“Startups in the Defi, insurance, and other environmental blockchain startups will be able to use this verified data available on the Razor Network Decentralized Oracles,” the statement said.
Incorporating environmental data in blockchain applications addresses multiple environmental challenges and helps fight climate change. It can be used to ensure transparency in claims made by companies on environmental impact, make supply chains more transparent and encourage citizens through financial rewards to adopt environmentally friendly practices.
It can also help understand the primary causes behind increases in temperature, and track the emission of greenhouse gases at a postcode level. In addition to this, in the field of agriculture, weather and soil data can be used for forecasting yield, better crop management, and measuring risks associated with extreme weather conditions.
Speaking on the partnership, Madhusudan Anand, CTO & Co-founder at Ambee, said “One of the ways to address key environmental issues is by bringing in behavioral change among people. Blockchain technology has the potential to do this by building trust and making people accountable for their actions. It can play a key role in creating significant environmental impact.”
“We are happy to partner with Razor Network to make our environmental data available on the blockchain. It can help in finding solutions for pressing environmental problems. Blockchain developers can now use our hyperlocal real-time air quality data for building financial products like crop insurance, risk assessment, ESG, and climate-related financial instruments,” Anand added.
Commenting on the development, Hrishikesh Huilgolkar, CEO, Razor Oracle Network, said, “Razor’s integration with Ambee API will be a foundation to help blockchain developers access secure and verified environmental intelligence data. This will address the problems of data reliability that exist in pollution monitoring and it will help developers to use this data to create applications that can be used by major Industries, Government Agencies, and Healthcare companies worldwide”
Razor’s oracle network is blockchain agnostic, which enables Razor’s solution to be used by developers irrespective of their platform of choice. Razor offers maximum game-theoretical security and completely decentralized infrastructure, which makes Razor’s Oracle network superior to all conventional centralized solutions.