Friday, November 15, 2024
HomeDeFiAccuweather partners with API3 to integrate blockchain in weather data

Accuweather partners with API3 to integrate blockchain in weather data

On June 2, AccuWeather partnered with API3 to provide weather data via decentralised applications. Airnode, an API serverless tool, allows Web2 API providers to easily build their own first-party oracles on the blockchain.

By engaging directly with decentralised developers and data users through its own Oracle node, AccuWeather will strengthen its position as a critical data provider in the developing dApp industry. Airnode allows API providers to directly monetize their services, which is normally unfeasible with third-party oracles owing to the involvement of middlemen. AccuWeather can improve data production and delivery by using the technology’s first-party architecture.

As a Decentralized Autonomous Organization (DAO), the API3 Foundation is leading the march away from third-party oracle networks and toward in-house solutions (DAO). Because of Airnode’s connection with the AccuWeather API, Web3 developers will have easy access to the AccuWeather API. This data might be utilised in a number of dApps to satisfy the needs of the user.

The first-party oracle strategy sends data directly from a reliable source. This gives data consumers more information about where the data came from and lowers the cost of exchanging data for consumers (third-party oracle node operators and more API providers).

According to reports, AccuWeather, one of the most reliable sources of weather predictions and warnings, saves thousands of lives each year and protects billions of dollars in property damage. Accuweather said last year that it had partnered with Chainlink to provide weather data and analytics on the blockchain, which has been operational for a few years. At the time, it was announced that the American media giant would host chainlink oracle nodes.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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