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OBSERVER

Weather Meets BlockChain Observer

OBSR (OBSERVER Coin) is a utility coin that promotes crowd-sourced weather data trading. Individuals earn OBSR by sending personal weather observations, such as air temperature, pressure, humidity, and fine dust concentrations, to the OBSERVER FOUNDATION. Whenever observations are successfully performed, the details are recorded in a royalty token, ROT, and the data provider receives OBSR as compensation. All observations are subject to quality control by meteorological experts and managed through big data technology. Data buyers can purchase OBSR from the cryptocurrency exchanges for weather data and acquire data through the OBSERVER FOUNDATION.

2.4
1 0 expert ratings
Benchy 2.4
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Ended
2018-06-11 - 2018-07-02
9 days 21 hours left
2018-07-09 - 2018-07-30
Token
OBSR
Price
1 OBSR = 0.00001 ETH
Bonus
Available
Platform
Accepting
BTC, ETH
Minimum investment
1 ETH
Soft cap
4,000ETH
Whitelist/KYC
None
Restricted areas
USA
More on ICO
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About OBSERVER

Key Concept

OBSERVER is an innovative platform where individuals and private firms trade daily weather data. Anyone in the world can trade weather data that is collected by smartphones, mini weather stations, or automobiles, and receive OBSERVER coins as compensation. The quality of the collected data is verified through big data technology, and the details are recorded in blockchain. This allows OBSERVER to create high-resolution weather data that has never been available before.

Weather Industry

The weather market, which has been dominated by public ser vices, is rapidly growing in size. The portion of the US GDP that is affected by weather events is estimated to be $1,334 billion annually, and the economic value of weather information is estimated to be at roughly $13 billion (NWS Enterprise Analysis Report 2017). The total private weather industry revenue of 2015 is estimated to be $4-5 billion, with a service provider revenue estimated at $2.5 billion (AMS 2012, State of the Weather and Climate Enterprise). The annual budget of the US National Weather Service is in the range of a billion dollars, and the aggregated amount of weather-related budgets for countries that operate weather observation networks is estimated to be at several billion dollars.

Considering the recent M&A of major weather companies, the capitalization of the private weather industry is estimated to be above $9 billion and is growing at a rate of 10 to 15 percent annually (University Corporation for Atmospheric Research).

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