International Research Journal of Innovations in Engineering and Technology - IRJIET International Open Access, Monthly, Peer Reviewed, Reputed Journal ISSN (online): 2581-3048

Impact Factor (2025): 6.9

DOI Prefix: 10.47001/IRJIET

Blockchain-Based Insurance Claim for Farmers with Smart Contract

Prof. Aparna ThakareDepartment of Computer Science and Engineering, Siddhant College of Engineering, Sudumbare, Pune, IndiaVaibhav NalawadeDepartment of Computer Science and Engineering, Siddhant College of Engineering, Sudumbare, Pune, IndiaVaibhavi WayalDepartment of Computer Science and Engineering, Siddhant College of Engineering, Sudumbare, Pune, IndiaPartiksha HajareDepartment of Computer Science and Engineering, Siddhant College of Engineering, Sudumbare, Pune, IndiaTejas AdhalraoDepartment of Computer Science and Engineering, Siddhant College of Engineering, Sudumbare, Pune, India

Vol 7 No (2023): Volume 7, Special Issue of ICRTET- 2023 | Pages: 173-176

International Research Journal of Innovations in Engineering and Technology

OPEN ACCESS | Research Article | Published Date: 16-07-2023

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Abstract

A blockchain- based insurance system for farmers could help to improve the efficiency and accuracy of insurance claims processing, as well as help to reduce fraud and corruption. The system could also help to ensure that farmers receive the full benefits to which they are entitled. Blockchain-based insurance system for farmers with smart contracts. The system is designed to provide farmers with insurance coverage against crop failure due to natural disasters. The system uses smart contracts to automatically calculate and pay out insurance claims to farmers based on data from the weather cloud app. The system will be designed to be tamper-proof and to provide a transparent and efficient way for farmers to receive insurance payments.

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Citation of this Article

Prof. Aparna Thakare, Vaibhav Nalawade, Vaibhavi Wayal, Partiksha Hajare, Tejas Adhalrao, “Blockchain-Based Insurance Claim for Farmers with Smart Contract” in proceeding of International Conference of Recent Trends in Engineering & Technology ICRTET - 2023, Organized by SCOE, Sudumbare, Pune, India, Published in IRJIET, Volume 7, Special issue of ICRTET-2023, pp 173-176, June 2023.

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