Piloting Blockchain Climate Insurance Solutions for Farmers

Thailand is exploring blockchain-based crop insurance to lower costs, speed up payouts and help farmers recover from droughts and other climate shocks.

Solution factsheet

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Overview

The proposed system would use data from weather sensors to trigger insurance payouts when predefined weather thresholds are reached. Blockchain-based smart contracts would automate payments and make the process more transparent, with the aim of reducing delays and transaction costs.

The project assesses technical feasibility and economic viability and develops a roadmap for future testing and implementation, helping establish whether this approach could make crop insurance more accessible to farmers facing climate risks.

At a glance

Organisation	National Higher Education Science Research and Innovation Policy Council
Primary sector	Agriculture and food security
Innovation stage	💡 Research and Development
AFCIA Programme

Funding Received

Climate impacts addressed

Drought and water security

Project team

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