Ripple's CBDC Innovate 2023: Leveraging Ripple CBDC for Ecological Insurance - Futurum Tech Webcast
In this episode of the Futurum Tech Webcast, Steven Dickens welcomes Kennedy Ng’ang’a, founder and CEO of Nairobi-based tech company, Shamba, about leveraging Ripple's CBDC platform for ecological data integration on blockchain. Shamba focuses on providing crucial ecological data, such as vegetation coverage and rainfall, to drive parametric insurance solutions. Shamba’s solution utilizes the Ripple CBDC platform to create B2B solutions for institutions like banks and insurance companies, which are traditionally averse to other forms of cryptocurrency. The discussion highlights the use of CBDCs in humanitarian and environmental projects, detailing how the company uses satellite data to inform insurance decisions and trigger smart contract events for direct payments to affected parties. Their discussion covers: How Shamba provides ecological data to the blockchain for parametric insurance. Using the Ripple CBDC platform for B2B solutions in insurance and banking. How CBDCs are leveraged for Web3 applications in humanitarian and environmental projects. How the Shamba Oracle is utilized to trigger payments based on ecological risks. Learn more about Ripple on the company's website and Shamba’s entry on Devpost.