Paper Key : IRJ************968
Author: Vaibhav D. Nalawade,Vaibhavi G. Wayal,Pratiksha Hajare,Tejas Adhalrao,Aparna Thakare
Date Published: 01 Jun 2023
Abstract
A blockchain based insurance system for farmers could help to improve the efficiency and accuracy of insurance claims processing, as we 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 provide a transparent and efficient way for farmers to receive insurance payments.
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