Parametric Wind Farm Insurance

Inspiration

Chainlink

What it does

data driven wind farm insurance ... wind farm owners can hedge against the economic losses created by sustained periods of low wind speeds.

How we built it

Chainlink Fall 2022 Hackathon Presentation: Parametric Wind Farm Insurance https://docs.google.com/presentation/d/1sLjVVxpG8c7udRrJ7MEVNxwlQ5oeFwimpgNZk7x4zYQ/edit?usp=sharing

https://github.com/pyromaus/windfarm-proj-v1 https://github.com/Lavishq/aquila-wind-farm-insurance

http://paramerteric.wind-turbine-insurance.surge.sh/ (<link does not open in Brave Browser) https://divine-cloud-6499.on.fleek.co/

Challenges we ran into

creating the UI... none of our team was a front-end dev, or familiar with react..

Accomplishments that we're proud of

putting together an amazing smart contract and collaborating with awesome people. our team gave it their best effort and dedicated a lot of time, despite only starting less than halfway through the hackathon.. thrilled with what we were able to accomplish in such a small amount of time

What we learned

we used Chainlink keepers network to allow our time-based functions to run in trust minimized way, and that is a very good cryptographic security guarantee.. instead of sitting there and having to keep hitting the refresh function every 15 minutes in remix.

What's next for Parametric Wind Farm Insurance

integrate addition Chainlink keeper features into the contract that keepers enable... such as deciding what code to put off-chain (saving expensive ethereum gas $$$) and have certain hybrid pieces of code run in keepers network... decide what happens on-chain, for cost, speed, etc.. communicate\supply time to smart contracts, gather data, compute, computing on results, monitoring contracts.. do something based on that monitoring (e.g >proxy contract to check api off-chain)...