Can you please compare and contract WeatherSV with WeatherXM, which is also building out a blockchain-based weather network (with their own version of a couple of Fine Offset weather stations)?
Thanks.
-Chris
Thanks for pointing out WeatherXM is a similar concept in many ways however there are some fundamental differences in approach.
Blockchain and crypto almost become one in perception but in fact are two different technologies and crypto is built on top of blockchain. Many projects on Ethereum are very crypto centric. They often rely on 'tokenomics' which is a means to fund their operation by creating 'value' out of thin air, in the hope that the token maintains value and powers the economy but typically the applications themselves have little interaction with the chain as the lack of scale and high fees make them useless for microtransactions and data applications. They are little different from the ICO craze that saw many investors lose funds and some being considered as securities by regulators.
Our approach is blockchain focussed and believe that it has the potential to greatly enhance the value to data by utilising to maintain a record of data veracity and provenance. Just as bitcoin allows us to trade value without a trusted third party we can apply that same trust mechanism to how we trade data. This concept extends well beyond weather data can be at the foundation of how we sort out truth from fiction into the future.
We also believe in the potential of microtransactions and how they can power IoT and m2m economies at scale. Only possible on scalable blockchain technology. BTC and ethereum transactions can at best cost cents at at times many dollars which makes these tiny transactions unfeasible.
Our bounties are in the native token of the chain satoshis. Although future value of these bounties can not be predicted the success of failure of our project will not impact their value whereas a token value is 100% tied to the project.
To date we are completely self funded, have not sort investment and do not have a Web3.0 analyst and story teller on board. Our main focus the last couple of years has been on the backend technology to power blockchain applications such as WeatherSV (
https://metastreme.com/) so we are not needing to raise this capital to build the technology behind the idea as this is mostly done. If and when we talk to investors we have demonstrable products and not just ideas.
We have also been interested in the idea of also putting out our own weather station as we have a larger following in blockchain space and trialled the same station as they call nb1000. We are technologists and not meteorologists but found it to be not very accurate especially temp during full sun and wind readings on device failed after 6 months so we thought we will worry about that later and focus on current mid to professional stations being used at this time. Running Davis and fine offset side by side was clear to see difference in quality of product and data.
Anyway a few things that standout but thanks for pointing out had not seen before and will look into a bit further.
