August 19, 2020 Chainlink will serve as a data provider for agricultural insurance protocol Arbol.

Oracle middleware provider Chainlink announced that it will begin providing weather data for decentralized farming insurance protocol Arbol. Arbol’s parametric insurance protocol is intended for use by small-to-medium sized farming operations and automatically pays policyholders if preset weather conditions are not met. Chainlink’s data will be sourced from, among other sources, the National Oceanic and Atmospheric Administration (NOAA).