FarmIns: Blockchain Leveraged Secure and Reliable Crop Insurance Management System
摘要
Farmer uses traditional crop insurance to protect their farms against crop loss and natural risks. However, farmers are concerned about crop insurance claims due to delays in processing claims that cost significantly. Insurance fraud is another problem in crop insurance which costs significantly for insurance companies. The proposed FarmIns framework uses blockchain technology, allowing farmers to create and manage insurance agreements with insurance providers through smart contracts and creating a verifiable log of farm monitoring parameters to help insurance providers verify and approve claims promptly. FarmIns uses the Internet of Agro-Things (IoAT), and video surveillance technologies like Closed-Circuit Television (CCTV) to monitor and provide reliable farm data to process claims. FarmIns also acts as Decision Support Tool (DST) for both the insurer and the insured.