Making Weather Forecasts More Accurate with WeatherXM

Sydney Times

— 1 min read
Making Weather Forecasts More Accurate with WeatherXM

Introduction

Weather forecasts play a crucial role in various industries, such as agriculture, and in ensuring the safety of communities from inclement weather events. WeatherXM is a startup that aims to enhance the accuracy of weather forecasts by leveraging community-monitored weather stations and blockchain technology.

The Beginnings of WeatherXM

  • Founded in 2012 by Manolis Nikiforakis, Stratos Theodorou, and Nicolas Tsiligaridis.
  • Initially launched an app for community weather updates.
  • Evolved into a network of weather stations collecting data on the blockchain.

WeatherXM's Innovative Approach

  • Deployed 5,000 weather stations in over 80 countries.
  • Stations collect local ground weather data monitored by volunteers.
  • Volunteers compensated with WeatherXM's crypto token, $WXM.
  • Data is accessible for free personal use and offered commercially for enterprises.

Funding and Expansion

  • Raised a $7.7 million Series A round led by Faction.
  • Other investors include Borderless Capital, Alumni Ventures, and Red Beard Ventures.
  • Capital will be used to grow the team and monetize commercial users.

Blockchain Technology and Crypto Incentives

  • Utilizes blockchain for data transparency.
  • $WXM token incentivizes volunteers and acts as a governance tool.
  • Helps coordinate deployment of weather stations in critical areas.

Advantages of Open Source Data

  • All data collected by WeatherXM is open source.
  • Allows public and private entities to collaborate effectively on climate planning.
  • Especially beneficial for underserved communities facing climate disasters.

Future Outlook

  • WeatherXM aims to create an ecosystem for meteorology innovation.
  • Focuses on breaking down silos in weather data access.
  • Goal is to make weather data accessible to all for better preparedness and response.

In conclusion, WeatherXM's mission to improve weather forecasts through community engagement and blockchain technology holds promise for enhancing accuracy and aiding in climate resilience efforts.

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