Tuesday
November 17
2020

Etherisc To Offer Blockchain-Based Crop Insurance To Kenyan Farmers

By Husayn Hashim

Today the Chainlink Community Grant program announced funding for a low-cost insurance collaboration between Etherisc, a decentralized insurance protocol, and ACRE Africa, a microinsurance issuer focused on the second-most populous continent on the planet.

According to an announcement from Chainlink, the project aims to build a blockchain-based insurance platform that delivers affordable coverage for the nearly 250,000 smallholder farmers in Kenya, many of whom are expected to be disproportionately affected by climate change over the next three years.

Photo courtesy of World Bank Photo Collection

Source: Cointelegraph (link opens in a new window)

Categories
Agriculture, Finance
Tags
agriculture, blockchain, climate change, microinsurance, smallholder farmers