Call for Experts: Developing a feasibility and viability study of using Blockchain Technology for a real-time climate risk insurance system in Thailand's agricultural sector

CTCN is inviting its Network Members to assist Thailand in a feasibility and viability study

News facts

Objective
Adaptation
Sectors
Agriculture
Cross-sectoral
Cross-sectoral enabler
Economics and financial decision-making
Innovation & RDD

The UN Climate Technology Centre and Network (CTCN) is inviting its Network members to assist Thailand in a feasibility and viability study of using Blockchain Technology for a real-time climate risk insurance system in Thailand's agricultural sector

Deadline: July 28, 2023

This technical assistance aims to develop a technical and economic feasibility study using blockchain technology for an improved parametric crop insurance product. Using blockchain technology has the potential to reduce transaction costs and automatize transparent indemnity payments, thus making crop insurance more attractive and accessible to farmers whilst remaining economically viable for insurance providers.

Beyond the feasibility study, an implementation roadmap will support the national stakeholders in the subsequent steps of developing, testing, and implementing such a blockchain-based product.

Some of the expected outcomes, outputs, and activities are:

  • Development of implementation planning and periodical reporting documents;
  • Preparatory analysis for blockchain-based parametric crop insurance in Thailand;
  • Formation and regular meetings of project working group;
  • Assessment of extreme weather events and availability of localized climate data in Thailand;
  • Assessment of the optimal level of granularity in location, peril coverage and ‘sums insured’;
  • Economic feasibility study;
  • Implementation roadmap for blockchain-based parametric crop insurance in Thailand;
  • Capacity building on blockchain technology for crop insurance.

If you are not a CTCN network member yet, you may still apply (further details are found in the document).

The complete details of the requirement will be provided in the tender documents that will be issued to bidders after this request for EOI is closed. 

For more information, please visit the UNGM portal and UNPD Intranet.

Please note that this request for expression of interest (EOI) is not an invitation for submission of tenders. Its purpose is to identify companies interested and eligible to participate in the solicitation when issued. Vendors that are deemed qualified upon completion of an objective evaluation of their EOI submission will receive the final tender solicitation documents.


Share this: