What Specific Data Feed Would an Oracle Provide for a Weather Derivative Contract?
A weather derivative contract, which pays out based on a weather event, would require an Oracle to provide verifiable, tamper-proof data on specific meteorological parameters. This includes data such as accumulated rainfall, average temperature over a set period, or the frequency of a weather event at a specific geographical location.
The Oracle would source this from reliable, official weather stations or data providers, which then triggers the contract's payout logic.