Blockchain Technology, Data, Africa, Ghana, Nigeria, Weather

Telos has partnered with open-source weather technology company Telokanda Weather Group to launch an initiative to collect and share weather data in West Africa on the Telos public blockchain.

Telokanda will use the Telos blockchain to help university students and farming communities record and share weather data with the goal of improving climate research, hurricane tracking and local weather forecasting, the companies said in a statement Tuesday.

According to the announcement, the project was developed by a team in West Africa that includes former Boeing and NASA engineer Nicolas Lopez.

High-altitude weather balloons, launched by citizens in West African countries, will carry lightweight devices called radiosondes into the air while beaming atmospheric data, including pressure, temperature and wind speed, back to Earth.

The project hopes to motivate citizens to participate in weather data collection by developing a method of sending digital currency instantly to people who launch their weather balloons, incentivizing timely and consistent launches, the announcement said.

The announcement said that once a weather balloon transmits data to the blockchain, a smart contract will trigger payments in telos tokens (TLOS) to the operators’ digital wallets. Each reward of about $15 can be converted to local fiat currencies such as the Nigerian Naira or Ghanaian Cedis via the Sesacash app.

A spokesperson for the project told CoinDesk via email that at first rewards will come from the Telos Worker Proposal System but in the future, the funds will come from NGOs that want to use the data for weather forecasting and research.

So far Telokanda has partnered with the University of Uyo and Rivers State University in Nigeria, as well as Academic City where students will launch the balloons and track the data.

Read more: Chainlink to Provide Data for Farming Insurance Startup Arbol

“This project can quickly grow into one that will save lives and help prevent billions of dollars in weather damage while rewarding local participants for their efforts,†Douglas Horn, chief architect of the Telos blockchain, said in a statement to the press.

The project has so far completed eight launches.

Starting out, Telokanda plans to have each university launch one balloon per week, scaling up to daily launches by 2021, the spokesperson said.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Concordium Debuts its Business-Oriented Blockchain Mainnet

After years of development, Concordium has unveiled its permissionless blockchain and MVP that is designed to meet the needs of enterprises by delivering transparency and governance, all with an orientation towards protecting user privacy. Identity-Centric Network to Promote Broader Business Adoption Although blockchain’s novel characteristics are not in dispute, corporate adoption of distributed ledger technology […]

Xem chi tiết: Concordium Debuts its Business-Oriented Blockchain Mainnet

As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows

Onchain data indicates that bitcoin transactions per day have plummeted to lows not seen since October 2018. Further, bitcoin transaction fees have dropped 93% after touching a high of $62 per transaction in April 2021. Bitcoin Daily Transaction Rate Dips by 35%, Google Trends Data Shows Interest Has Dropped Since May While bitcoin (BTC) prices […]

Xem chi tiết: As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows

Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies

Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says digital currency “will come to life even in Nigeria†just a few months after the central bank ordered banks to stop serving the crypto industry. While acknowledging his country’s position as one of the leading crypto markets in the world, Emefiele however insists his organization is […]

Xem chi tiết: Central Bank of Nigeria Governor Says “Digital Currency Will Come to Life” but Attacks Volatile Cryptocurrencies

Data Shows Bitcoin Addresses in Accumulation Captures Fresh New Highs

After bitcoin prices dipped to a low of $30,066 per unit last week, lots of people have been focused on the panic sellers. Meanwhile, when bitcoin prices plunged, the number of bitcoin addresses in accumulation tapped an all-time high at 545,115 addresses. Number of Bitcoin Accumulation Addresses Hit New Highs Bitcoin (BTC) prices slid from […]

Xem chi tiết: Data Shows Bitcoin Addresses in Accumulation Captures Fresh New Highs

Defi Economy Lost $20 Billion This Week, Decentralized Exchange Volumes Still Sky High

While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TVL) in defi touched $87 billion on May 11, and since then the aggregate total has slid to $66 billion in value. Weekly […]

Xem chi tiết: Defi Economy Lost $20 Billion This Week, Decentralized Exchange Volumes Still Sky High

Polygon to Democratize NFT Interactions by Improving Approachability

To pave the way for greater adoption of non-fungible tokens and bring down the barriers hampering more widespread participation, Polygon is leveraging its parallel network’s proof-of-stake approach to reduce Ethernity Chain’s gas costs. Layer 2 Solution to Make Ethereum-Based NFTs More Accessible Non-fungible tokens (NFTs) remain the talk of the town, intriguing crypto enthusiasts and […]

Xem chi tiết: Polygon to Democratize NFT Interactions by Improving Approachability

Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged

According to the latest data from the World Bank, international money transfers into Nigeria dropped by nearly 40% from $23.8 billion recorded in 2019 to $17.2 billion in the past year. Yet despite this fall, remittances, which account for 4% of the country’s GDP, still remain an important source of foreign exchange for the oil-rich […]

Xem chi tiết: Official Remittances to Nigeria Plummet by Almost 40% in a Year When Crypto Use Surged

Urban Tea Now Accepts Cryptocurrencies Including Dogecoin

A specialty tea products retailer based in China’s Hunan province, Urban Tea, has introduced crypto payments in its stores and restaurants on two continents. Starting from this week, customers will be able to buy its beverages and meals using various cryptocurrencies. Chinese Tea Stores and Restaurants to Accept Crypto The publicly traded tea company runs […]

Xem chi tiết: Urban Tea Now Accepts Cryptocurrencies Including Dogecoin

Mastercard Payment Index: More Consumers in Three African Countries Plan to Use Crypto Based Payment Methods

Crypto Analytics Firm Coin Metrics Raises $15 Million, Goldman Sachs Leads Funding Round

Democratizing Defi Data- Dechart DAO Launches Version 1.0 Trading Platform

It’s Time: UFC to Launch Fan Token for Millions Around the World

Ghana Regulator Labels Crypto Transactions Illegal— Urges People to ‘Stay Away From Them’

Fidelity Investments Launches Crypto Analytics Platform Sherlock for Institutional Investors

Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency

Coinbase Buys Data Firm Skew, Company’s First Acquisition Since the Nasdaq Direct Listing

Other Articles