CoinDesk·4 min read·hard
Democratizing weather derivatives through tokenization could be crypto's most important real-world use case
O
Omkar Godbole
✦AI Summary
The author argues that tokenizing weather derivatives via blockchain could provide a vital financial hedge against climate-related economic risks. By using smart contracts, these instruments could become more accessible and transparent for vulnerable populations like farmers.
That's Canada's Prime Minister Mark Carney talking about climate risks in his 2021 book Value(s): Building a Better World for All.
technologycryptoclimateeconomy
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