Chainlink, a leading provider of data feeds to blockchain-based smart contracts, has now fully added decentralized weather data from the Google Cloud.
- Google Cloud and Chainlink have been collaborating since 2019 to allow Chainlink to incorporate Google Cloud data.
- Chainlink pipes in data from Google Cloud’s Big Query, which hosts weather data from the U.S. National Oceanic and Atmospheric Administration (NOAA) and other sources.
- “The reason weather data is important is because it powers decentralized insurance around weather,” Chainlink co-founder Sergey Nazarov told CoinDesk.
- The Google integration with Chainlink uses an oracle node that continuously sends data from the outside world into the Chainlink network, where it is then merged and made available in aggregated form for blockchain applications.
- “Unexpected adverse weather events lead to economic losses across a wide range of industries, and these events are becoming more common as we experience climate change,” noted Allen Day, a Google spokesperson, in a blog post.
- Earlier this week, Swisscom, Switzerland’s largest telecommunications provider, launched a Chainlink oracle node to provide data for decentralized finance (DeFi).
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.