The weather risk issue is one that affects two parties - a client and a contractor. They have some sort of agreement as to how they’re going to share that risk. For example, if there is a heavy rain event, the client is supposed to pay the contractor some sort of compensation.
But both parties might have different sources of information, or they might interpret that contract in different ways. As a result, when there’s large amounts of money on the line it’s hard to find an agreement, which can often result in dispute, or more likely the contractor forgoing payment in the first place..
So we set out to create a system where the agreement is made upfront. If adverse weather conditions occur, then the outcome is already laid out and agreed. DLT enables us to do this, creating more certainty for both parties.