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GreenSurance

Insure your crops the smart way

G

GreenSurance

Insure your crops the smart way

The problem GreenSurance solves

Greensurance enables farmers and agricultural stakeholders to access fair and transparent insurance coverage. The platform calculates insurance premiums and verifies claims using on-chain code stored securely on the blockchain. By fetching real-time data from trusted external sources using Chainlink functions, the platform accurately determines premiums and validates claims based on predefined rules and triggers.

The platform also offers a staking mechanism where investors can stake their Matic tokens and earn greencoin as staking rewards. By participating in the staking program, investors contribute liquidity to the platform and help secure the network. Staking rewards are distributed periodically, providing an incentive for long-term participation and fostering a vibrant community.

Challenges I ran into

Developing Greensurance was not without its challenges. Here are the main struggles we encountered and successfully resolved:

Understanding Anti-Sybil SDK

Learning Curve with Chainlink: Our initial experience with Chainlink presented a learning curve as we familiarized ourselves with the technology. However, with determination and by utilizing available learning resources, we quickly overcame this hurdle and integrated Chainlink functions effectively.

Integration Complexity: Integrating multiple components and functionalities within Agrosurance proved to be time-consuming due to the complexity involved. Despite the challenges, we persevered and successfully integrated the necessary features. However, due to time constraints during the hackathon, we were unable to complete the integration of the Kleros Protocol. Nonetheless, this obstacle has provided us with valuable insights for future development.

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