In this discussion at LA Blockchain Summit, Arbol CEO and Chainlink Co-Founder Sergey Nazarov explore how blockchain-based parametric insurance is reliably automating traditional insurance processes and providing cryptographic guarantees around real-world data feeds and payouts for users relying on critical coverage.

Sid Jha is the CEO of Arbol, a blockchain-based weather risk management solution that gives end users assurance that they will be paid quickly and automatically when adverse weather causes losses. Arbol integrates with the Chainlink Oracle Network to provide anyone with an Internet connection access to blockchain-enforced weather coverage that immediately settles based on weather data, allowing businesses and farmers all over the world to hedge against risk and expand their operations with full coverage against unforeseen weather events.

Sergey Nazarov is the Co-Founder of Chainlink, the most widely adopted blockchain oracle network for powering universal smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance, and gaming ecosystems, among others.

Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds, from global enterprises (SWIFT, Google, Oracle) to development teams at the forefront of the smart contract economy (Web3 Foundation, OpenZeppelin, OpenLaw, Hedera Hashgraph, Zilliqa, Synthetix, Aave, and many others).

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