|Observer is a company authorized by Korea Meteorological Administration that lets the users provide weather data using OBSR Coin.|
The Korea Meteorological Administration (KMA), Republic of Korea’s weather or climate minister, has issued on November 26 a certificate of Official Weather Corporation to blockchain and cryptocurrency company Observer. This makes the firm the first blockchain-based Korean company to be authorized by the national government.
Observer is a company that uses blockchain technology by issuing utility coin called OBSR in exchange for weather data provided by the user or “weather observer.” Anyone can obtain and share meteorological data, which includes air pressure, temperature, fine dust, humidity, and precipitation. These data are gathered by the user using smartphones, personal weather stations, cars, and smartwatches.
Being an officially authorized weather corporation, Observer can now join government-funded public projects, such as constructing weather station network and can legitimately receive high-quality weather or climate data. These information include fine satellite images and precipitation statistics from the KMA. All these benefits will enhance the quality of weather prediction. “Weather meets blockchain,” shared the company.
The Observer shared that to verify the validity and reliability of the collected weather data on the blockchain, it uses its own machine-learning algorithm. After this, it builds a big data pool that could be sold to various weather demanders, such as public institutions, municipalities, financial markets, and navigation markets.
What makes Observer unique compared to current meteorological observatories, the company claimed, is that they promote voluntary participation to observe the weather. The user can simply use their personal devices, which means saving cost but getting detailed and quality meteorological observation data. Observer network further harnesses the potential of compensated data collection and it will dramatically improve the accuracy of the micro-scale weather forecast.
Last October 15, the company also launched its own main-net and completed their final swap on November 15. Having its own main-net enables faster transmission rate and lower fee than Etherium-based ERC20 tokens.
OBSR coin is currently being actively traded at four crypto exchanges in different countries and maintains partnership negotiations with several other exchanges.