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Decentralized Insurance Application using Blockchain

Gowtham S
2020 International Journal for Research in Applied Science and Engineering Technology  
A Distributed Decentralized application using blockchain and Hyperledger Fabric could also be a feasible solution for addressing all the issues and may act as a platform for seamless approval of insurance  ...  The blockchain emerges as a tool that potentially impacts the way we design sort of applications today.  ...  CONCLUSION AND FUTURE SCOPE This paper proposes a blockchain-based framework for implementing insurance transaction processes as smart contracts.  ... 
doi:10.22214/ijraset.2020.5048 fatcat:cxeeqk7gtrabhpw4vz5njits5a

CioSy: A Collaborative Blockchain-Based Insurance System

Faiza Loukil, Khouloud Boukadi, Rasheed Hussain, Mourad Abed
2021 Electronics  
In this paper, we propose CioSy, a collaborative blockchain-based insurance system for monitoring and processing the insurance transactions.  ...  CioSy aims at automating the insurance policy processing, claim handling, and payment using smart contracts. For validation purposes, an experimental prototype is developed on Ethereum blockchain.  ...  Blockchain-Based Framework for Insurance To exchange insurance-related transactions in an untrustworthy network, we leverage smart contracts to define a blockchain-based insurance framework.  ... 
doi:10.3390/electronics10111343 fatcat:2jfdc6dv7nbn5kb54nkws5khb4

Blockchain Regulations and Decentralized Applications

Hemang Subramanian, Florida International University, Karlene Cousins, Lina Bouyad, Alpen Sheth, Dan Conway, Florida International University, Florida International University, Portland State University, University of Arkansas
2020 Communications of the Association for Information Systems  
s (2019) modified framework to evaluate whether one can use blockchains for three different applications.  ...  blockchain applications in healthcare, and 4) Bitcoin as a blockchain application and issues with decentralization.  ...  While crypto-assets remain an important application, blockchains have a broader applicability for business processes.  ... 
doi:10.17705/1cais.04709 fatcat:5jb7meykbbdhdhmuv3jlsipgti

Cognitive Edge Framework Insurance using Blockchain

Ruthvik Kumar L
2020 International Journal for Research in Applied Science and Engineering Technology  
The infrastructure leverages cognitive fog nodes at the sting to host and process offloaded geo-tagged multimedia payload uses AI for processing and extracting significant event information, produces semantic  ...  The framework offers a sustainable incentive mechanism, which can potentially support secure smart city services, like sharing economy, smart contracts, and hyperphysical interaction with Blockchain. [  ...  It floats on the blockchain network. E. Web Application Framework Framework provides a structure for application development.  ... 
doi:10.22214/ijraset.2020.30304 fatcat:itdesjwlivextkjtjjlg2ueqq4

Blockchain: The Future of Insurance

Samarth Maganahalli
2020 International Journal for Research in Applied Science and Engineering Technology  
The main idea is to establish a peer to peer system of consensus for claiming insurance without the hassle of involving insurance surveyors or other non-involved parties.  ...  Insurance is a big financial market with a high-risk high-gain margin.  ...  Rashmi R for being a continuous support in helping us and guiding us in writing the paper.  ... 
doi:10.22214/ijraset.2020.5234 fatcat:hmcf4t2mzffmnbdgibwieks3ai

A Tiered Blockchain Framework for Vehicular Forensics

Marcel C. Ugwu, Izunna U. Okpala, Collins I. Oham, Cosmas I. Nwakanma
2018 International journal of network security and its applications  
In this paper, we present a tiered vehicular forensics framework based on permission BlockChain.  ...  We integrate all entities involved in the forensics process and record their interactions in the BlockChain to generate comprehensive evidence for settling disputes and appropriating blame.  ...  BLOCKCHAIN BASED FRAMEWORK FOR VEHICULAR FORENSICS In this section, we describe the proposed BlockChain based framework for vehicular forensics.  ... 
doi:10.5121/ijnsa.2018.10503 fatcat:2wm42yjourdj5elf5ksc267jhi

Blockchain for automotive: An insight towards the IPFS blockchain-based auto insurance sector

Nishara Nizamuddin, Ahed Abugabah
2021 International Journal of Power Electronics and Drive Systems (IJPEDS)  
We present a decentralized IPFS and blockchain-based framework for the auto insurance sector that regulates the activities in terms of insurance claims for automobiles and automates payments.  ...  Most of the customers still contact the insurance company by phone to buy new policies and process existing insurance claims.  ...  We aimed to present an elementary framework that can be used as a use case for the auto insurance sector using emerging blockchain technology.  ... 
doi:10.11591/ijece.v11i3.pp2443-2456 fatcat:245a6x4bzjcpzenp64erajlg6a

Blockchain in Insurance: Exploratory Analysis of Prospects and Threats

Anokye Acheampong AMPONSAH, Adebayo Felix, Benjamin Asubam
2021 International Journal of Advanced Computer Science and Applications  
We discuss the basics of blockchain technology, popular platforms in use today, and provide a simple theoretical explanation of the insurance sub-processes which blockchain can mutate positively.  ...  A field as huge as the insurance industry has been underrepresented in literature. Therefore, this paper presents how investments in blockchain technology can profit the insurance industry.  ...  Fig. 8 is a framework for KYC/AML as proposed by [125] .  ... 
doi:10.14569/ijacsa.2021.0120153 fatcat:rkefhtym65ekhlrxapdnvphyka

Understanding blockchain for insurance use cases

D. Popovic, C. Avis, M. Byrne, C. Cheung, M. Donovan, Y. Flynn, C. Fothergill, Z. Hosseinzadeh, Z. Lim, J. Shah
2020 British Actuarial Journal  
Finally, a checklist of issues to consider in adopting a blockchain solution for insurance business problems is provided.  ...  This paper provides a practical guide for actuaries, risk professionals, insurance companies and their Boards on blockchain, including an education piece to provide an understanding of the technology.  ...  ERM Framework components Risk management processes Conclusion This paper provides a practical guide to insurance industry practitioners on understanding, assessing and adopting blockchain.  ... 
doi:10.1017/s1357321720000148 fatcat:ctloarjalveazkqb6lpjp4o2xu

BIS- A Blockchain-based Solution for the Insurance Industry in Smart Cities [article]

Maedeh Sharifinejad, Ali Dorri, Javad Rezazadeh
2020 arXiv   pre-print
In this paper, we propose a blockchain-based solution for the insurance industry in smart cities (BIS).  ...  Using Proof of Concept (POC) implementation we demonstrated the applicability of blockchain in insurance industry.  ...  The users can also share their insurance history with blockchain participants using history tokens.  ... 
arXiv:2001.05273v1 fatcat:y7yuvxewl5hy5pz2wabuzdglue

BSF-EHR: Blockchain Security Framework for Electronic Health Records of Patients

Ibrahim Abunadi, Ramasamy Lakshmana Kumar
2021 Sensors  
It presents a safe and proficient means of acquiring medical information for doctors, patients and insurance agents while protecting the patient's data.  ...  This paper proposes a blockchain security framework (BSF) to effectively and securely store and keep EHRs.  ...  Funding: The authors would like to thank Prince Sultan University for supporting this project. Institutional Review Board Statement: Not applicable. Informed Consent Statement: Not applicable.  ... 
doi:10.3390/s21082865 pmid:33921738 fatcat:niazsziwuvelja7qmcidx4fp3q

A Survey On Blockchain In Healthcare

Preetha S, Akshit Ranjan, Apurva Sahay, Hritik Roushan
2020 International Journal of Recent Trends in Engineering and Research  
Digital health can be very good for patients but security issues are still a major threat in this field.  ...  Legitimate exchanges put away in a blockchain are carefully marked and timestamped by their sender, giving cryptographically certain proof of both the origin and the presence of a data at a certain time  ...  We extend our gratitude to the department of Information Science and Engineering for facilitating the learning process.  ... 
doi:10.23883/ijrter.2020.6035.wnkf8 fatcat:cy6p3bv5nfddpp4rpf77d7pfkm

Digitizing, Securing and Sharing Vehicles Life-cycle over a Consortium Blockchain: Lessons Learned

Kei Leo Brousmiche, Thomas Heno, Christian Poulain, Antoine Dalmieres, Elyes Ben Hamida
2018 2018 9th IFIP International Conference on New Technologies, Mobility and Security (NTMS)  
In this paper, we propose a Blockchain-backed Vehicles Data and Processes Ledger framework to streamline the management of vehicles life-cycle and data history, and hence to provide more transparency and  ...  Nowadays, vehicles odometer fraud is becoming a growing problem internationally, and is costing European consumers between e5.6 to e9.6 billion per year.  ...  ACKNOWLEDGMENT This research work has been carried out under the leadership of the Institute for Technological Research SystemX, and therefore granted with public funds within the scope of the French Program  ... 
doi:10.1109/ntms.2018.8328733 dblp:conf/ntms/BrousmicheHPDH18 fatcat:2623g3hjw5fjvfx4vokmkm2sqy

Blockchain Based Crop Insurance: A Decentralized Insurance System for Modernization of Indian Farmers

Nishant Jha, Deepak Prashar, Osamah Ibrahim Khalaf, Youseef Alotaibi, Abdulmajeed Alsufyani, Saleh Alghamdi
2021 Sustainability  
In this paper, a blockchain based crop insurance solution is suggested.  ...  Farmers are often reluctant to be covered for their crops due to lack of trust in insurance firms and the fear of delayed or non-payment of claims.  ...  Acknowledgments: We deeply acknowledge Taif University for Supporting this study through Taif University Researchers Supporting Project number (TURSP-2020/115), Taif University, Taif, Saudi Arabia.  ... 
doi:10.3390/su13168921 fatcat:l3ydqgsbsbgehfmn7br3lwr364

A Secure AI-driven Architecture for Automated Insurance Systems: Fraud Detection and Risk Measurement

Najmeddine Dhieb, Hakim Ghazzai, Hichem Besbes, Yehia Massoud
2020 IEEE Access  
In this paper, we develop a secure and automated insurance system framework that reduces human interaction, secures the insurance activities, alerts and informs about risky customers, detects fraudulent  ...  After presenting the blockchain-based framework to enable secure transactions and data sharing among different interacting agents within the insurance network, we propose to employ the extreme gradient  ...  Another study has designed a distributed framework based on a blockchain technology to process insurance transactions using smart contracts [20] .  ... 
doi:10.1109/access.2020.2983300 fatcat:kywjzmx32fabnkottcwf2ofzfy
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