Lemonade Forms Coalition to Provide Blockchain-Based Climate Insurance
Date unknownPartnership
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Lemonade announces the creation of the Lemonade Crypto Climate Coalition to aid smallholder farmers with climate risks.
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The coalition aims to offer affordable insurance by using blockchain for quantifying risks, automating claims, and funding.
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Partners including Avalanche, Chainlink, and DAOstack join forces with Lemonade's initiative to leverage blockchain technology.
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The decentralized approach intends to implement eco-friendly, automated insurance solutions for vulnerable farming communities.
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This coalition represents a significant move to use blockchain in protecting farmers from catastrophic weather events.