Lemonade, a non-profit organization, established a crypto Climate Coalition, Chainlink and others joined
On March 23, Nonprofit Lemonade launched the Crypto Climate Alliance and launched climate insurance to help farmers protect themselves from unpredictable and catastrophic climate events. The Lemonade Crypto Climate Alliance is initially funded by the Lemonade Foundation. The decentralized climate insurance app will be built on Avalanche and paid in stabelcoins. Farmers will be able to make and receive payments via mobile phones using global Stabelcoins or local currencies, and the app will be available in Africa for the first time this year.
The Lemonade Cryptoclimate Alliance brings together Chainlink, Avalanche, and DAOstack to contribute their knowledge of blockchain technology, Lemonade, Etherisc, Hannover Re, Pula, Tomorrow IO and TomorrowNow ORG will build highly accurate, fully automated weather insurance models. In addition, the alliance is being formed as a decentralized autonomous organization (DAO), which will also issue governance tokens to reward participation by the wider community.