WeatherShield

Problem Statement

Weather-Based Crop Insurance (FDC + FTSO) Core Concept Simple crop insurance that pays out automatically based on weather data , perfect for Flare's data protocols. Technical ImplementationFDC: Verify weather API data (rainfall, temperature) FTSO: Get FLR/USD price for premium calculations Smart Contract: Auto-payout when weather conditions trigger claimsWhy Weather-Based Crop Insurance on Flair?✅ Uses Flare's enshrined data protocols (FDC for weather, FTSO for pricing) ✅ Addresses real-world problem (crop insurance is a $9B+ market) ✅ Innovative external data use (weather APIs through FDC)Basic insurance contract Weather data verification via FDC Simple frontend for farmers to buy policies Demo with simulated weather eventsReal-World Impact Farmers in developing countries often can't access crop insurance. This democratizes it using decentralized weather data verification. The "Innovation" Angle Traditional crop insurance requires expensive manual verification. This uses FDC to automatically verify weather conditions from multiple sources, making it trustless and instant.

Solution

This project uses Flare's enshrined data protocols (FDC for weather, FTSO for pricing) where FDC is used to verify weather API data (rainfall, temperature and FTSO to get FLR/USD price for premium calculations Smart Contract written in solidity given Flair's EVM compatible nature for Auto-payout when weather conditions trigger claims