
You have already added 0 works in your ORCID record related to the merged Research product.
You have already added 0 works in your ORCID record related to the merged Research product.
<script type="text/javascript">
<!--
document.write('<div id="oa_widget"></div>');
document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=undefined&type=result"></script>');
-->
</script>
Blockchain Based Crop Insurance: A Decentralized Insurance System for Modernization of Indian Farmers

doi: 10.3390/su13168921
Blockchain Based Crop Insurance: A Decentralized Insurance System for Modernization of Indian Farmers
Conventional crop insurance systems are complex and often not economically feasible. 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. In this paper, a blockchain based crop insurance solution is suggested. The solution suggested in this paper is an affordable, efficient, low cost crop insurance solution which will ensure many farmers are insured and benefiting from timely crop insurance. Currently the cost of administering insurance is an essential barrier to accessing this facility. With the proper use of blockchain based on ethereum this expense can be reduced dramatically. We have conducted various tests on platforms such as Google Cloud and found that the least throughput is 165 transactions. Upon analysis we have found that the time taken by the block formation is directly proportional to the timing of processing. The end-to-end average latency of the system was achieved as 31.2 s, which was quite effective for the infrastructure what we are using. Upon conducting acceptance testing, we found that the system suggested in the paper is effective and we are planning to release the application on open source platforms for future improvements.
- Taif University Saudi Arabia
- Lovely Professional University India
- Umm al-Qura University Saudi Arabia
- Nahrain University Iraq
- Umm al-Qura University Saudi Arabia
blockchain, Environmental effects of industries and plants, Google Cloud, TJ807-830, TD194-195, Renewable energy sources, Environmental sciences, open source, ethereum, GE1-350, crop insurance, latency
blockchain, Environmental effects of industries and plants, Google Cloud, TJ807-830, TD194-195, Renewable energy sources, Environmental sciences, open source, ethereum, GE1-350, crop insurance, latency
1 Research products, page 1 of 1
- IsRelatedTo
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).66 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 1% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 1%
