Feasibility and viability study: Exploring the Potential of Blockchain Technology for Real-time Climate Risk Insurance in Thailand's Agricultural Sector.

The United Nations Office at Nairobi (UNON), on behalf of Climate Technology Centre and Network (CTCN), United Nations Environment Programme (UNEP) invites qualified interested firms to submit Expression of Interest (EOI) to participate in the upcoming solicitation for provision of technical assistance on the feasibility and viability study of using Blockchain Technology for a real-time climate risk insurance system in Thailand's agricultural sector. United Nations Environment Programme (UNEP) on behalf of the Climate Technology Centre and Network (CTCN) requires the services of an institution to deliver the technical assistance. The overall objective of this technical assistance will be to develop a technical and economic feasibility study for 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 beyond this technical assistance. The aim will be to increase resilience of Thai farmers to climate-induced extreme weather events. • Some of the expected outcome, 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 a blockchain-based parametric crop insurance in Thailand. • Capacity building on blockchain technology for crop insurance 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.