For accurate futuristic decision-making in weather forecasting, blockchain ledgers need to be integrated with artificial intelligence (AI) and the Internet of Things (IoT), according to to the CEO of HashCash Consultants, Raj Chowdhury.

Chowdhury stated:

“The widespread proliferation of IoT sensors has successfully established their uses in weather departments, while AI/ML is used for forecasting. The last thing left is to establish “trust” in the accuracy of the data, which is something Blockchain excels at with consensus protocols, immutability, and transparency.”

Since meteorological departments collect large amounts of data needed for forecasts, blockchain technology can be useful for accumulating weather-related parameters such as humidity, wind direction, temperature, and atmospheric pressure. This information can be useful for logistics transport and agriculture companies.

Additionally, a decentralized blockchain ledger can provide real-time transaction visibility. Chowdhury added:

“Reliable information has always been critical to success. The current era of digital transformation may have revolutionized the way we acquire data, but it’s all left to chance without validation. This is exactly why all the major organizations in the world are already using blockchain.”

Meanwhile, the World Economic Forum (FEM) recently established a Crypto Sustainability Coalition to investigate the ability of Web3 and blockchain to address climate change, Blockchain.News informed.

The WEF noted that blockchain tools would boost transparency in the global carbon credit market, while crypto mining would power renewable microgrids through off-peak demand and decentralization.

On the other hand, a report by Chainlink Labs and Tecnalia indicated that blockchain technology could help combat the climate crisis through smart contracts. As a result, blockchain was expected to act as a springboard to address economic complexities and interoperability when moving towards renewable energy.

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