Etherisc - Affordable Crop Insurance through Carbon Farming
Developing an affordable, blockchain-based parametric insurance platform for smallholder farmers in vulnerable areas, combining crop insurance with carbon farming income to enhance resilience against climate risks.User Review
AI Review
A1
Reviewed on 14 Feb 2024 05:26 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
Based on the project description, Etherisc has been operational since 2018 focusing on agricultural insurance, which satisfies the requirement of being more than 3 months old.
The Grant must be primarily focused on climate solutions (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions.
The project clearly outlines its climate solution focus by combining crop insurance with carbon farming, aiming to utilize blockchain for transparency and efficiency, which directly contributes to the reduction of GHGs and creates a core infrastructure for climate solutions in the context of web3.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha & Beta rounds. We understand that some projects may have less progress given the timing of Alpha & Beta round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
The provided information does not state whether Etherisc has received funding in previous rounds, nor have they provided a progress report since GR15 or the Alpha & Beta rounds. Thus, it is uncertain whether this criterion is met.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
The project submission does not explicitly mention an updated proposal, lessons learned, or detailed usage of additional funding along with a rough timeline. As such, it is uncertain whether this criterion has been met without further project documentation.
There is a general expectation that projects are within the “realm of viability”. Even if a project may be at a very early stage, it still must seem credible to the average person with an understanding of web3 technology and climate solutions. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
The project seems credible and within the realm of viability, with clear intentions of solving real climate-related problems using established blockchain and smart contract technology, which is understandable and appears viable to an average person knowledgeable in web3 and climate solutions.