Inclusive blockchain risk sharing using space assets

The Ibisa service is a new decentralized marketplace for mutualized index-based risks linked to crops, geographical locations and environmental conditions. The service aims to reduce the exposure of smallholder farmers around the world. The service mainly targets smallholder farmers who are unable to access the quality services they need to compete in the global marketplace. The service makes use of EO products to provide an index-based coverage that, unlike traditional insurance which assesses loses on a case-by-case basis and makes payments based on individual client’s loss realizations, offers policy holders a pay out when a measurable indicator triggers a payment to insured clients within a geographically defined space.