Chainlink announced via Twitter on Wednesday that the Decentralized Insurance Protocol, Etherisc, has integrated Chainlink on Polygon to help power the world’s first on-chain decentralized insurance protocol. The integration gives Etherisc access to Floodlight’s weather data on-chain, enabling them to create natural disaster insurance smart contracts for its users. Ultimately, this empowers reforestation projects that provide carbon offsets, such as Coorest, to better protect against the financial risk of wildfires, floods, and storms and improve capital efficiency.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 6% over the past 24 hours and is trading at $6.442 at press time.