Josh Graham identified this problem when attending sessions coordinated by the Digital Catapult which brought together startups and industry leaders from the construction sector. EHAB have since developed a platform, the Weather Ledger, aimed at reducing the time and cost of weather-related disputes.
The platform first collects weather data at a hyperlocal site using weather satellites, before transferring this to a digital ‘smart contract’ using software code based on blockchain technology. The blockchain technology prevents the possibility of data tampering and the ‘smart contract’ enacts the pre-agreed terms automatically.
While the underlying technology is already commercialised, the Weather Ledger itself is at the pre-scale up stage and is expected to be commercially available within the next two years.
Read more about EHAB and the Weather Ledger project.