Truflation Partners with Hyphen to Bring Dynamic Climate Data to its New Marketplace
We’re happy to announce Hyphen as the first decentralized data provider to join Truflation’s new Marketplace, presenting high-quality dynamic climate data to the Truflation user base.
Truflation is an economic data aggregator serving independent real-time data on-chain and off-chain to inform the public and power web3 applications and economies.
Hyphen, a Swiss company building decentralized climate data infrastructure, provides verified climate data sourced from the WMO’s (World Meteorological Organization) global sensory network through the Chainlink-powered Hyphen Oracle Network. These essential dynamic datasets include carbon and carbon-equivalent oceanic and atmospheric fluxes, global greenhouse gas and ozone-depleting substance concentrations, anthropogenic and biogenic emissions and more. This enables higher climate data resolution, solving source attribution with higher accuracy.
Climate data is becoming a crucial part of geopolitical and macroeconomic analysis and is essential to the stability and resilience of the global financial infrastructure. It can influence anything from commodity prices to fiscal and monetary policies. Putting the source information on-chain and presenting it to more developers and builders further expands its reach and adoption by institutional and consumer applications.
Now, that information is also available to Truflation’s developer and customer community through the Truflation Marketplace, a developer hub designed to streamline innovation by enabling faster and easier smart contract development. Through the correlation of climate and pricing data, Hyphen and Truflation together allow for more robust analysis based on near real-time information. Hyphen’s climate datasets and Truflation’s macroeconomic and financial indexes can be used in tandem to power next-generation dApps and more sophisticated and dynamic financial products and services, automated and dynamic through robust economic insights.
Both teams are the recipients of Chainlink grants and a part of the quickly growing Chainlink ecosystem of over 1500 data providers and nodes using the Chainlink DON (Decentralized Oracle Network) in their infrastructures. The announcement comes a week after the SmartCon Web3 event, which facilitated collaborations across Chainlink’s communities in a push to scale and expand adoption. Hyphen recently announced a partnership with another Chainlink project, dClimate, while Truflation joined the Chainlink BUILD program.
Truflation is an economic data aggregator serving independent, unbiased, real-time data on-chain and off-chain which validates, harmonizes, and calculates outputs using open-source algorithms. Truflation’s indexes are a premium source of independent censorship resistant financial and economic data on-chain and is the engine that powers inflation protected web3 applications and blockchain economies.
Hyphen is committed to pioneering science-based digital MRV solutions with a strong emphasis on environmental preservation and collaborative stakeholder engagement. We firmly believe that safeguarding biodiversity and ecosystems is imperative for a sustainable future. By harnessing real-time atmospheric greenhouse gas data, our mission is to enhance the integrity of carbon markets.
Hyphen’s methodologies have been honed through over six decades of research conducted under the auspices of the World Meteorological Organization. We place atmospheric greenhouse gas monitoring at the forefront of efforts to improve the verification of emissions reductions, removals and sources. In an era characterized by the global shift toward a green economy and the overarching goals of the Paris Agreement, Hyphen stands as a leader, advocating for science-driven MRV solutions that unlock the full potential of voluntary carbon markets and comprehensive sustainability initiatives.