The project aims to use environmental and financial data sets to power smart contracts that will radically improve farm insurance making such insurance easier and quicker to obtain. This will contribute the the betterment of the lives and make a social impact on struggling Australian farmers.
We used environmental and financial data sets to calculate the insurance fee for a specific amount of cover. The environmental data regarding the precipitation enables a prediction of harvest or natural disaster, which assists the calculation of agricultural insurance.
How can open data be used to make a social impact, contributing to the betterment of society? How can we improve prospects for children, and education, using open data?
What sort of impact can be made on homelessness, mental health outcomes, or the environment, using open data?
How should NSW government best provide data to the developer community? Show how our data can be made more usable for developers. What quality or format or standardisation issues does government need to fix or to consider? What developer community needs does the government need to support better?
We are seeking to challenge the status quo. Moving from open data as a bi-product of government business, to active management of open data to better support reuse and innovation – hence open data with a purpose. To achieve this we want to trigger a conversation between developers and the data custodians.