Company
Date Published
Author
Chainlink
Word count
879
Language
English
Hacker News points
None

Summary

The Chainlink Community Grants Program has awarded a grant to Shrub, a peer-to-peer parametric insurance marketplace, to enhance its platform and expand its offerings in disaster insurance for underserved populations. Shrub, originally developed during the Chainlink Hackathon, utilizes blockchain technology and Chainlink's decentralized oracle networks to provide accessible and affordable insurance solutions for catastrophic events such as earthquakes and hurricanes. The grant will enable Shrub to improve its platform, develop open-source weather data tools, and extend coverage to new areas including pandemics and sea-level rises, while also making insurance more available to regions lacking traditional risk management options. This initiative reflects Chainlink's commitment to supporting projects that leverage smart contract technology for social impact and aims to empower the Chainlink ecosystem to build universally connected smart contracts.