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The platform, dubbed dRe, is particularly designed for reinsurance, that means insurance coverage for insurance coverage corporations, and is presently targeted in the direction of extreme storm catastrophes. “Leveraging validated climate knowledge from main decentralized local weather knowledge community, dClimate, and Chainlink’s industry-standard decentralized oracle community, the platform triggers a wise contract based mostly on wind velocity and placement for particular peril occasions,” the startup stated in an announcement despatched to CoinDesk.
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