DeFi solutions based on real-world data, such as parametric insurance, have the potential to impact a huge part of the global population. From making financial products affordable to those who need them, to helping protect the environment and fight climate change. We want to spur the development of these solutions by making available the data and tools required to easily build and deploy them.
What it does
Our solution helps developers integrate satellite data from various global providers into their decentralized applications. It does this by providing them with boilerplate code that meets their user requirements for satellite data, and can be further customized to fulfill any function.
How we built it
We build our solution on the Google Cloud Platform. Leveraging a variety of Google cloud services to build the geospatial analytics API, external adapters for the API, and a UI tool for integrating the data into smart contracts. As part of the development we also set up an oracle node to serve the data requests.
Challenges we ran into
A few things here and there.
Accomplishments that we're proud of
Setting up the first geospatial analytics data oracle on the Chainlink network, and innovating new workflows for leveraging this data in a new class of products.
What we learned
Takes time to get everything running just right.
What's next for Shamba
Extending our parametric DeFi toolkit from developers to enterprises and creating a no-code API for building and deploying enterprise parametric DeFi solutions.