AMA Recap Crypto Library with dClimate

                                          

On 18th May 2021, dClimate conducted an AMA in the Crypto Library Community. Our guest is Sid Jha, Osho and Robbie. Lots of questions as usual from the Community about dClimate progress. The dClimate team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into dClimate.

Let’s take a look at the most interesting points of our conversation.

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Sid Jha (dClimate) : I worked across commodity/finance trading and quant research for around 15 years. I founded a climate insurance platform that uses data to make payouts when bad weather strikes. I am a founding member of dClimate, which is an open, decentralized marketplace for climate information and data.

Osho (dClimate) : Hi, i'm Osho, a co founder of dclimate. i have been a data scientist for the past 10years working in a variety of industries. for the past 6 years i was on wall st using exhaust data to model how people were interacting with businesses and then trading/forecasting those stocks. i started working with climate data at Arbol  (an insurtech company making weather derivatives) where i am a cofounder and chief data scientist. i am super interested in data and the blockchain space and enjoy investing and writing research.

Robbie (dClimate) : Hi, I'm Rob. I'm the head of communications and marketing for dClimate and also the director of communications for Arbol. I'm really excited to be here, thank you so much for having us and taking the time to learn about dClimate!
FIRST SEGMENT (HOST)
Crypto Library Team : What is dClimate? And how does it work?

Sid Jha (dClimate) : dClimate is the very first transparent, decentralized marketplace for the climate data, forecasts, and models that so many businesses and individuals rely on. dClimate connects publishers of climate data with consumers who depend on this information to make important and informed strategic planning decisions in a standardized marketplace that is decentralized, that incentivizes innovation, and benefits all participants. dClimate is the only project of its kind currently trying to build this kind of standardized network for the climate data ecosystem, and we’re building it because so many different stakeholders, from insurance companies to governments, professional sports teams to multinational corporations need easily accessible and interpretable climate data.

Crypto Library Team : What's the reason why we have to choose dClimate than other project out there?

Sid Jha (dClimate) : dClimate is working to build something that is truly unique in the ecosystem: a decentralized marketplace that is built on blockchain and that is powered by partnerships in the blockchain ecosystem (Chainlink oracles, IPFS) but that solves a major, real-world issue and enables users with no blockchain experience or expertise to participate. By allowing users to purchase data using a simple fiat onramp, we can enable wider adoption of the dClimate network by stakeholders who truly need reliable climate data and forecasts but who might be intimidated by having to use/or pay with a native token to participate. Our goal is to make reliable climate data and forecasts more easily accessible and reliable, and to incentivize innovators in this space to continue adding and contributing new research to the platform so that we can help businesses and individuals who are impacted by weather risk build resilience and plan for an uncertain future. The value of a network like dClimate will only grow as weather risks associated with climate change continue to become a greater point of concern, and the need for accurate and reliable climate data by a wide range of organizations and enterprises increases as well. dClimate is using blockchain and decentralization to solve a major, real-world issue while building a platform that is accessible to all users.

Crypto Library Team : Could you provide some information about your Roadmap, How dClimate is progressing so far? And what dClimate is currently focused on?

Robbie (dClimate) : The dClimate network is currently in full development mode and will launch this summer. Right now we are in the process of onboarding the first users to the platform (data providers and consumers) so that when the network launches, there will already be a solid foundation of data providers and data consumers using and benefiting from the dClimate infrastructure. dClimate is a real-world blockchain application to solve fundamental challenges that exist in the climate data ecosystem, and it is our hope that the platform will be the premier venue where businesses and individuals can go to retrieve the critical data and forecasts they need, and where data providers can go to host their research. It will be critical for us to continue to continue onboarding new users to the platform and building out new features for businesses that are impacted by weather risk. Currently, more than 70% of businesses throughout the world are impacted by weather. We will be releasing dedicated features in the coming weeks and months for some of these impacted industries so that they can access the data they need to optimize operations. We will also be announcing new partnerships and board members who will help grow the platform.

Crypto Library Team : Please tell us about $WTHR token! What are the token utilities, price, distribution, and where we can buy it?

Robbie (dClimate) :  WTHR is the governance token powering the dClimate network. It is a fixed, low supply token with only 100,000 WTHR being minted. A governance token holder not only gets to participate in governance, they can pose bounties (incentivize collection or modelling of climate variables for specific areas of interest that are not well covered currently), and they earn a portion of the network fees. However, we should stress that this is the governance token managing the network. For us, a successful product would look something like iTunes or Amazon where end users, whether they are data vendors or just acquiring data,  do not have to interact with crypto or blockchain in order to use the network. We are very focused on building a platform with a clean UI, and an easy fiat on ramp to make that possible.

Osho (dClimate) : Yes, it's important to stress that for an end user (someone seeking or providing data) they will not need the token. The token is used to manage the network.

Crypto Library Team : Could you give us an insight about the strategy and the future of dClimate?

Robbie (dClimate) : dClimate is the culmination of three years of work by Arbol, where I am also co-founder and Chief Data Scientist, to release our decentralized infrastructure of immutable climate data as a standalone network that can be leveraged by the many stakeholders who rely on accurate climate data and weather forecasts. Arbol is an insurance/derivatives platform for businesses that are impacted by adverse weather events, and so naturally we rely on tons of climate data to structure our contracts. We created dClimate to make it easier for companies like Arbol to shop for the data they need and to incentivize innovation in an ecosystem that right now, is highly fragmented and difficult to navigate for even some of the most gifted data scientists. Our goal is to be the premier platform where businesses, governments, multinational corporations, and all of the entities who rely on climate data can go to access the critically important weather intelligence they need and where academic institutions, researchers, and climate scientists can go to share and house their critically important research. 
 
Climate data is a massive, multi-billion dollar market that currently has no standardized marketplace with a simple UI that users throughout the ecosystem can access. Our aim is for dClimate to be the Amazon/iTunes store of this industry so that it is easy for consumers to shop for data that is automatically scored for reliability.
SECOND SEGMENT (TWITTER)
Crypto Library Team : How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?

Robbie (dClimate) : Our community is active on Telegram and Discord, and we also have an official Twitter account that you can follow for updates and news about dClimate. We also encourage you to visit our website to learn more and subscribe for updates as we will be announcing exciting partnerships in the coming weeks. Below is where you can find out more about the project and follow us. 

Crypto Library Team : How accurate are the data and climate forecast available on your platform? Are they any fees one needs to pay to access this data it facts? How would you initiate this in the blockchain?

Robbie (dClimate) : dClimate seeks to create a transparent marketplace where all data and forecasts have impartial “skill scores’’ to make it easier for consumers to shop for climate data. The dClimate marketplace leverages Chainlink’s widely adopted oracle network for retrieving climate data and validating associated skill scores on-chain. The algorithms for determining skill scores are proposed and voted on by the dClimate DAO , and if approved by the community, get deployed as standalone Chainlink external adapters. Once these adapters are created, they are connected to Chainlink’s decentralized oracle network, which serves as a trusted and easy-to-integrate mechanism for validating and distributing data from publishers within the data marketplace. This allows data providers and forecasting entities to monetize their work and establish domain variable standards that make it easy enough for even casual users to access the network. dClimate will have both free and paid datasets available. So far, we have already released the REST API for data consumers that can be used to access decades of historical weather and climate data for free. The REST API can be accessed at: api.dclimate.net

Crypto Library Team : Could you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.

Sid Jha (dClimate) : The team we have deep backgrounds in blockchain development, industry, and business building. Our team goes beyond coding experience to include those with extensive experience in climate, insurance, and finance. The founding members also are founders of Arbol, an insurance platform that has grown revenues from 0 in 2018 to projected over $60mm+ in 2021, so we have considerable experience building a business.
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : How many killer features of Your project that makes it ahead of its competitors? Could you tell us 2-3 features?

Sid Jha (dClimate) : Killer features:
  • 1. Very limited and capped token supply with expected income for holders when the network starts
  • 2. Growing partnerships and advisory board with major companies and participants
  • 3. Addressing rapidly growing need for Climate change analysis and forecasting
Crypto Library Team : Does holding WTHR tokens give us users rights for governance in the dClimate ecosystem? What can we decide about?

Sid Jha (dClimate) : Governance token holders can decide on what types of data and forecast the network should have to grow volume. Token holders can also decide on bounties to add more weather stations in areas that do not have enough data.

Crypto Library Team : What is your top  priorities in 2021? Could you share some plans for the upcoming year? Which part of the project are you most focused on right now?

Osho (dClimate) : We are quickly racing towards mainnet launch and adding more team members and advisors who can help drive the project forward. There are two important points of focus: 
  • 1. building a strong community. it is very important to have a community excited about what we are building and excited to participate (if this is something you're interested in, please take a look at our brand ambassador program). we have been inspired by other projects in the blockchain space that have strong communities and we see how the communities have helped the projects grow.
  • 2. UI/UX is everything. we want a user friendly app and it's important that we have an easy to use interface and api in order to make the data more accessible
Crypto Library Team : Will you provide your service globally or can be used only within certain countries?

Sid Jha (dClimate) : dClimate will be available globally and we have climate data from all over the world.  We will be working with farmers, businesses, and governments across all regions.

Crypto Library Team : I would like to be a part of your project team. Are there any ambassadorial deals or job a crypto enthusiast like me can be part of and what are your requirement?

Sid Jha (dClimate) : We will have an ambassador program coming soon! Please join our telegram group to stay up to date.
Comments