Lemonade Forms Coalition to Provide Blockchain-Based Climate Insurance

Date unknownPartnership
  • Lemonade announces the creation of the Lemonade Crypto Climate Coalition to aid smallholder farmers with climate risks.

  • The coalition aims to offer affordable insurance by using blockchain for quantifying risks, automating claims, and funding.

  • Partners including Avalanche, Chainlink, and DAOstack join forces with Lemonade's initiative to leverage blockchain technology.

  • The decentralized approach intends to implement eco-friendly, automated insurance solutions for vulnerable farming communities.

  • This coalition represents a significant move to use blockchain in protecting farmers from catastrophic weather events.

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