Australian insurer helps Vietnamese farmers though new technology
AUSTRALIAN INSURER HELPS VIETNAMESE FARMERS THROUGH NEW TECHNOLOGY
Australian insurance company, Hillridge Technology helps farmers lessen the financial impact of adverse weather events by using blockchain technology to immediately and automatically pay out insurance claims as soon as a weather event occurs within a certain distance from a farmer’s operations. The solution is based on live weather data feeds and uses proprietary algorithms that calculate and quickly issue payouts.
Looking to bring this approach to Vietnam, Hillridge applied and was accepted to this year’s Graft Vietnam 2021, a project funded by #Aus4Innovation. The company now receives one-on-one strategic, advisory and operational support from the GRAFT team and Vietnamese agriculture industry insiders to help them to scale their solution into Vietnam.
Read more about Hillridge’s solution and their progress in Vietnam in this article: https://graftchallenge.com/hillridge-technologies…/