About 381 million people live in West Africa, and the number continues to increase. Unfortunately, the area has also proven to be a common place for climate change, which is likely to affect crops, food production and harm unique wildlife.

Meanwhile, West Africa is on the way to becoming the next blockchain hotspot, and the region continues to demonstrate interest in cryptocurrencies and digital solutions. In 2019, Nigeria ranked first in terms of the number of bitcoin searches on Google, which may be due to the high position on the continent for the adoption of fintech. For example, according to Ernst & Young’s Global FinTech Adoption Index 2019, one of the leading countries – South Africa – is the fourth largest emerging market in terms of interest in fintech.

Blockchain project that collects weather data.
As Africa embraces new technology and cryptocurrencies, the region is undoubtedly the ideal place to implement blockchain-based solutions to today’s geographic challenges.

One company hoping to make a difference is Telokanda – an open-source weather technology company created by a former engineer at Boeing and NASA – that has launched a blockchain-based weather-sensing initiative. Telokanda has partnered with the blockchain platform Telos to download weather data from weather balloons, which act as landmarks that collect and transmit information about barometric pressure, temperature, humidity and wind speed through a small sensor called a radio probe.

Sensors transfer data to the Telos blockchain in real time, where the information is then stored in RAM. Telokanda uses this data to pre-alert emergency personnel of severe weather conditions until 12 noon. The company is also building a prototype text messaging service to automatically alert residents when hot air balloons detect extreme weather conditions.

Douglas Horn, chief architect of Telos, told Cointelegraph that the Telokanda weather balloon project is currently piloting in West Africa due to the urgent need for weather data in the region:

The lack of weather information in Africa has a strong negative impact on the local population, which should dispense with modern weather forecasts. It’s also a global problem, as a lack of data in Africa limits weather forecasts in the Atlantic Ocean and beyond. ”
The data shows that weather observations from Africa often exist as incomplete paper records. Even with the help of the Geneva-based World Meteorological Organization and the Deutscher Wetterdienst, African regions are reluctant to digitize historical climate data. According to an article published in Nature, millions of weather reports in Africa are stored in cardboard boxes and rely on outdated technologies, while the digitization work has been delayed due to problems with data ownership and distribution.

Despite the region’s problems with tracking weather conditions, Telokanda founder Nicholas Lopez told Cointelegraph that the company is interested in working in West Africa in part because gathering weather data is important to US insurers analyzing hurricane risks originating outside Africa. coast. . “This is a unique region where knowledge of the weather is useful not only for the locals but also for the United States, which is thousands of miles away,” he said.

While weather balloons equipped with a Telokanda sensor are collecting data in West Africa, Telos’ blockchain provides public transparency so that everyone can use and access the information collected. While the transparency of the data and the use of this information by others are not liked by African weather authorities, Horn said the project could prove to be worth it. “We want to make the data collection method as open as possible so that everyone can contribute,” he said.

Cryptocurrency incentives to collect weather data
In addition to using blockchain for data transparency, the project is using smart contracts to send cryptocurrencies to participants.

Once the weather balloon transfers the data to the Telos blockchain, Horn said, the smart contract initiates payments in Telos tokens (TLOS) to the user’s digital wallet. Members are rewarded with up to 1,000 TLOS, or about $ 15, which can then be transferred to Nigerian Naira or Ghanaian Cedi using the Sesacash payment platform. Telos’ automated exchanges or market makers can also instantly exchange TLOS for various backed coins for the dollar or South African rand.

Cryptocurrency stimulation is an important function of Telokandy’s meteorological ball project, especially in regions like Africa hit by high inflation and volatility in national currencies. For example, a recent report on the state of cryptocurrency in Africa stated that the South African rand has lost more than 50% of its value against the dollar in the past ten years. The report goes on to note that this and others are thin

Source: CoinTelegraph