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Journal articles on the topic 'Blockchain,insurance'

Author: Grafiati

Published: 30 May 2022

Last updated: 31 July 2025

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1

Singh, Richa. "Asses the Behaviour of Consumers for Enhancing Claims Processing and Fraud Detection in Insurance Through Blockchain Technology." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 04 (2024): 1–5. http://dx.doi.org/10.55041/ijsrem32349.

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The rapid advancement of blockchain technology presents a transformative opportunity for the insurance industry, particularly in claims processing and fraud detection. This paper explores the impact of blockchain technology on consumer behavior and its potential to enhance the efficiency and security of insurance operations. We begin by providing a comprehensive overview of blockchain technology, outlining its decentralized nature, immutability, and transparency. We then delve into the current challenges faced by the insurance industry, including prolonged claims processes and prevalent fraudu

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Kim, Seonhyeon, Ephraim Kwashie Thompson, and Changki Kim. "Insurance Transactions through Blockchain Applications: Current Status and Implications for the Domestic Insurance Industry." Crisis and Emergency Management: Theory and Praxis 17, no. 11 (2021): 137–56. http://dx.doi.org/10.14251/crisisonomy.2021.17.11.137.

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This paper discusses the necessity for introducing blockchain technology into insurance sales channels. We focus on two factors that have hindered the sustainable development of the domestic insurance industry. The first problem is that insurance companies’ profitability is on the decline and the second issue relates to information asymmetry problems besetting insurance sales channels. The channels are heavily concentrated on general agencies (GA) but the GA channel has been characterized by problems such as incomplete sales and high termination rates. Due to the advantages of blockchain techn

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Kudumula, Chandra. "Blockchain in Insurance Industry." International Journal of Computer Trends and Technology 69, no. 3 (2021): 5–9. http://dx.doi.org/10.14445/22312803/ijctt-v69i3p102.

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Likita, Chavali, Umredkar Himayush, Awadhiya Aneesh, Sathe Vinay, and Jana Aseema. "Insurance Claiming Using Blockchain." International Journal of Innovative Science and Research Technology 7, no. 9 (2022): 1556–57. https://doi.org/10.5281/zenodo.7212626.

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A type of insurance called medical insurance covers all or a portion of the risk associated with a person needing medical care. An insurer can create a regular financial structure, such as a monthly premium or payroll tax, to provide the funds to pay for the medical benefits provided in the insurance agreement by assessing the overall risk of health risk and health system expenses over the risk pool. Blockchain, which is most commonly described as a shared, immutable ledger, has the potential to reinvent these procedures as well as many others. Blockchain technology has applications well beyon

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Ch, Srivalli, Rajeshwari G, Geetla Preethi, and Ravi Praksah Achanta. "Insurance Industry and Block Chain Technology: An Analysis of Opportunities and Challenges." June-July 2023, no. 34 (May 26, 2023): 1–10. http://dx.doi.org/10.55529/ijitc.34.1.10.

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Blockchain is incorporated into our distributed platform design as a system service to facilitate the execution of transactions in insurance procedures. The insurance sector is highly reliant on several procedures between parties engaged in a transaction for opening, retaining, and closing various types of policies. Our view of data management and security has undergone a paradigm shift as a result of the emergence of blockchain technology. Blockchain technology is essential to the insurance industry for optimization of claims processing and policy automation, resulting in lower costs and grea

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Eni, Syahraeni, Ulfah Luthfiyah Buhari, Muh Fakhri Amir, and Kamiruddin Kamiruddin. "ANALISIS PERAN TEKNOLOGI BLOCKCHAIN DALAM MENINGKATKAN TRANSPARASI DAN EFISIENSI ASURANSI SYARIAH." Jurnal Ekonomi dan Bisnis (EK&BI) 7, no. 2 (2024): 340. https://doi.org/10.37600/ekbi.v7i2.1579.

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The Islamic insurance industry has rapidly developed in recent decades, driven by Sharia principles such as risk sharing, justice, and avoidance of gharar (uncertainty) and riba (interest). This research aims to explore the role of blockchain technology in enhancing operations and risk management in the Islamic insurance industry. The research method used is a literature review, gathering data from books, journals, and articles related to blockchain technology and Islamic insurance. The findings indicate that blockchain technology has significant potential to improve transparency, security, an

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Stetsko, Mykola, Pavlo Dziuba, and Vitalii Kovalchuk. "International and national features of implementing blockchain technology in insurance." Ukrainian Journal of Applied Economics and Technology 2025, no. 1 (2025): 349–54. https://doi.org/10.36887/2415-8453-2025-1-59.

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The article identifies key ways blockchain fundamentally transform the financial services industry. The position argues that the active implementation of digital technologies, especially blockchain, is a progressive phenomenon that stimulates economic processes, enhances transparency and fraud protection, and provides financial benefits to all market participants. The work demonstrates trends in the global blockchain technology market, indicating that the Public Cloud will be the most profitable segment of blockchain technologies in the future. It has been proven that the use of blockchain tec

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Zgraggen, Remy. "Political Risks and Blockchain: Definitions and Possible Case Examples." International Journal of Security, Privacy and Trust Management 9, no. 4 (2020): 1–6. http://dx.doi.org/10.5121/ijsptm.2020.9401.

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The present research article shall outline how blockchain solutions could be combined with insurance solutions against political risks (PRI). Through the definitions and the characterization of the key concepts of traditional insurance law and blockchain technology using possible case examples of specific political risks, it will be shown, how the insurance coverage of political risks could be achieved through smart insurance contracts or other blockchain solutions in the future.

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Remy, Zgraggen. "Political Risks and Blockchain: Definitions and Possible Case Examples." International Journal of Security, Privacy and Trust Management ( IJSPTM ) 9, no. 4 (2020): 1–6. https://doi.org/10.5281/zenodo.4305228.

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The present research article shall outline how blockchain solutions could be combined with insurance solutions against political risks (PRI). Through the definitions and the characterization of the key concepts of traditional insurance law and blockchain technology using possible case examples of specific political risks, it will be shown, how the insurance coverage of political risks could be achieved through smart insurance contracts or other blockchain solutions in the future.

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10

Fathi Eletter, Shorouq. "The use of blockchain in the insurance industry: A bibliometric analysis." Insurance Markets and Companies 15, no. 1 (2024): 12–29. http://dx.doi.org/10.21511/ins.15(1).2024.02.

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Blockchain technology has surfaced as a formidable catalyst, capable of reshaping the operational dynamics of conventional businesses. The integration of blockchain technology within the insurance industry has prompted a need for comprehensive understanding and assessment. This study aims to elucidate the relevance of blockchain in the insurance sector, identify key trends, influential research, and the overarching goals motivating the incorporation of blockchain in insurance practices. The study employed a systematic review to collect 125 research articles published between 2017 and 2023 focu

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Zulaikha, Siti, Hazik Mohamed, and Luthfi Nur Rosyidi. "Smart contracts on blockchain for insurance and Takaful industry." Insurance Markets and Companies 15, no. 2 (2024): 85–93. https://doi.org/10.21511/ins.15(2).2024.08.

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Blockchain technology can drastically reduce the costs associated with claim verification in the insurance and Takaful industry while increasing trust among involved parties through smart contracts and a shared source of truth. This study examines whether Takaful operators and insurance companies apply blockchain differently and explores the benefits of blockchain technology and smart contracts for both. It conducts a systematic review of relevant literature and a meta-analysis to assess how current studies describe and combine cases as evidence. The results indicate that Takaful and insurance

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12

S, Gowtham. "Decentralized Insurance Application using Blockchain." International Journal for Research in Applied Science and Engineering Technology 8, no. 5 (2020): 297–300. http://dx.doi.org/10.22214/ijraset.2020.5048.

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13

Maganahalli, Samarth. "Blockchain: The Future of Insurance." International Journal for Research in Applied Science and Engineering Technology 8, no. 5 (2020): 1450–54. http://dx.doi.org/10.22214/ijraset.2020.5234.

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14

Cooper, Martin, and Hélène Stanway. "How Blockchain is Changing Insurance." ITNOW 60, no. 4 (2018): 16–17. http://dx.doi.org/10.1093/itnow/bwy090.

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15

Kumar, Shreyas, Luis Loo, and Leah Kocian. "Blockchain Applications in Cyber Liability Insurance." International Journal on Cybernetics & Informatics 13, no. 5 (2024): 119–39. http://dx.doi.org/10.5121/ijci.2024.130508.

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Blockchain technology is revolutionizing cyber liability insurance (CLI) by addressing key challenges in underwriting, risk assessment, and claims management. As cyber-attacks become more frequent and complex, the demand for effective CLI solutions has surged. Traditional insurance practices often fall short in this rapidly evolving landscape. Blockchain offers a decentralized, secure, and transparent approach, enhancing the accuracy of risk assessments and preventing fraudulent claims. By maintaining an immutable ledger of historical claims, blockchain allows for better comparison of new clai

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16

Dudaev, Khamzat R. "BLOCKCHAIN AND ITS IMPACT ON THE INSURANCE MARKET." Ekonomika i upravlenie: problemy, resheniya 4/5, no. 157 (2025): 133–41. https://doi.org/10.36871/ek.up.p.r.2025.04.05.015.

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Blockchain technology is gaining momentum in the insurance industry, radically transforming it and increasing the efficiency of operational processes. The main advantages of blockchain for the insurance market are the ability to automate policy payments, reduce fraud, increase transparency of operations, and ensure reliable data storage. Smart contracts are at the forefront of these changes, allowing you to fulfill the terms of contracts automatically, bypassing intermediaries, which leads to faster settlement of claims for insurance claims and lower operating costs. The decentralized nature o

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17

Mahaboobsubani, Shaik. "Blockchain-Based Framework for Secure and Transparent Insurance Policy Management." INTERNATIONAL JOURNAL OF INNOVATIVE RESEARCH AND CREATIVE TECHNOLOGY 4, no. 4 (2018): 1–9. https://doi.org/10.5281/zenodo.14352679.

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The Insurance assiduity participates in colourful processes that are characterized by data exchange, which is modified or streamlined by numerous parties. Hence, the insurance assiduity can profit from the relinquishment of blockchain technology. still, there's a lack of understanding of the technology, the legal counteraccusations and the issues in enforcing the technology. This paper aims at chancing implicit openings for the insurance sector on the perpetration of blockchain technology. It also discusses issues and enterprises for insurance companies wanting to borrow block chain technologi

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18

Shetty, Ankitha, Adithya D. Shetty, Rashmi Yogesh Pai, et al. "Block Chain Application in Insurance Services: A Systematic Review of the Evidence." SAGE Open 12, no. 1 (2022): 215824402210798. http://dx.doi.org/10.1177/21582440221079877.

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The Insurance industry participates in various processes that are characterized by data exchange, which is modified or updated by many parties. Hence, the insurance industry can benefit from the adoption of blockchain technology. However, there is a lack of understanding of the technology, the legal implications and the issues in implementing the technology. This paper aims at finding potential opportunities for the insurance sector on the implementation of blockchain technology. It also discusses issues and concerns for insurance companies wanting to adopt block chain technologies. A search w

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19

Vuppala, Sashi Kiran. "Trustless Reinsurance: How Distributed Ledger Technology Can Improve Transparency in Retrocession." International Journal of Multidisciplinary Research and Growth Evaluation. 1, no. 5 (2020): 148–55. https://doi.org/10.54660/.ijmrge.2020.1.5.148-155.

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Businesses in the insurance sector use DLT technology to open transaction flows and make job efficiency better. Researchers verified that blockchain technology for reinsurance solves fraud and claim processing issues to produce efficient insurance services. We examine how blockchain technology optimizes reinsurance contracts by combining insurance facts and blockchain pilot results using statistical procedures. Companies can complete insurance claims more rapidly at a 30% to 40% lower expense level while spotting 85% of possible fraud. Using this service reduces business expenses and processes

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20

Chen, Chin-Ling, Yong-Yuan Deng, Woei-Jiunn Tsaur, Chun-Ta Li, Cheng-Chi Lee, and Chih-Ming Wu. "A Traceable Online Insurance Claims System Based on Blockchain and Smart Contract Technology." Sustainability 13, no. 16 (2021): 9386. http://dx.doi.org/10.3390/su13169386.

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In the current medical insurance claims process, there are problems of low efficiency and complex services. When a patient applies for medical insurance claims, he/she must go to the hospital to apply for a diagnosis certificate and receipt and then send the relevant application documents to the insurance company. The patient will not receive compensation until the company completes the verification with the patient’s hospital. However, we can improve the current dilemma through blockchain technology. Blockchain technology can effectively open up the information channels of the insurance indus

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21

Chen, Yuan, Heng He, and Jiacheng Zheng. "Research and design of medical data sharing and insurance automatic claim system based on blockchain technology." BCP Business & Management 26 (September 19, 2022): 1189–95. http://dx.doi.org/10.54691/bcpbm.v26i.2084.

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In recent years, blockchain technology has been applied to various business scenarios with its characteristics of decentralization, openness, self-consistency and information immutable. In the medical insurance industry, disputes often occur between insurance institutions and policyholders due to inaccurate personal information and different confirmation of contract terms. With the digitalization of medical information and the rapid development of science and technology, insurance claim settlement schemes based on blockchain and homomorphic encryption can enable the hospital, the insurance ins

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22

Boileau, Wadnerson. "Turning the Disruptive Power of Blockchain in the Insurance Market into Innovative Opportunities." International Journal of Network Security & Its Applications 14, no. 6 (2022): 01–07. http://dx.doi.org/10.5121/ijnsa.2022.14601.

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Insurance has been around for more than centuries. This risk mitigation strategy has been utilized in maritime commerce as early thousand years ago, where Asian merchant seafarers were pooling together their wares in collective funds to pay for damages of individual’s capsized ship. In 2018, insurance industry made up 6% of global domestic product, and amounted to about 7-9% of the U.S.GDP;2020, the industry net premiums totalled $1.28 trillion, by 2030, blockchain insurance market value is estimated to reach $39.5 Billion. Despite of growing reform, the insurance market is dominated by interm

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23

Loukil, Faiza, Khouloud Boukadi, Rasheed Hussain, and Mourad Abed. "CioSy: A Collaborative Blockchain-Based Insurance System." Electronics 10, no. 11 (2021): 1343. http://dx.doi.org/10.3390/electronics10111343.

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The insurance industry is heavily dependent on several processes executed among multiple entities, such as insurer, insured, and third-party services. The increasingly competitive environment is pushing insurance companies to use advanced technologies to address multiple challenges, namely lack of trust, lack of transparency, and economic instability. To this end, blockchain is used as an emerging technology that enables transparent and secure data storage and transmission. In this paper, we propose CioSy, a collaborative blockchain-based insurance system for monitoring and processing the insu

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Nizamuddin, Nishara, and Ahed Abugabah. "Blockchain for automotive: An insight towards the IPFS blockchain-based auto insurance sector." International Journal of Electrical and Computer Engineering (IJECE) 11, no. 3 (2021): 2443. http://dx.doi.org/10.11591/ijece.v11i3.pp2443-2456.

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The advancing technology and industrial revolution have taken the automotive industry by storm in recent times. The auto sector’s constantly growing demand has paved the way for the automobile sector to embrace new technologies and disruptive innovations. The multi-trillion dollar, complex auto insurance sector is still stuck in the regulations of the past. Most of the customers still contact the insurance company by phone to buy new policies and process existing insurance claims. The customers still face the risk of fraudulent online brokers, as policies are mostly signed and processed on pap

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25

Kumar, Durgesh. "INSURANCE CLAIMS PERFORMANCE IMPROVEMENT USING BLOCKCHAIN." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 03 (2024): 1–5. http://dx.doi.org/10.55041/ijsrem29358.

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In this work focused the application of blockchain technology in insurance claims. There are four parties involved in insurance claim process, the police, insurance, workshop, and retail shop. Additionally, every participant will have a peer node of their own. The insurance firm that insurances the products and handles claim handling is known as the insurance peer. It is the duty and responsibility of the police peer to confirm the theft allegations. While re peer offers the products to customers, repair shop peer is in charge of product repairs. Operating this network on the IBM (Internationa

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Wadnerson, Boileau. "TURNING THE DISRUPTIVE POWER OF BLOCKCHAIN IN THE INSURANCE MARKET INTO INNOVATIVE OPPORTUNITIES." International Journal of Network Security & Its Applications (IJNSA) 14, no. 6 (2022): 01–07. https://doi.org/10.5281/zenodo.7407615.

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Insurance has been around for more than centuries. This risk mitigation strategy has been utilized in maritime commerce as early thousand years ago, where Asian merchant seafarers were pooling together their wares in collective funds to pay for damages of individual’s capsized ship. In 2018, insurance industry made up 6% of global domestic product, and amounted to about 7-9% of the U.S.GDP;2020, the industry net premiums totalled $1.28 trillion, by 2030, blockchain insurance market value is estimated to reach $39.5 Billion. Despite of growing reform, the insurance market is dominated by

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27

Hassan, Abid, Md Iftekhar Ali, Rifat Ahammed, Mohammad Monirujjaman Khan, Nawal Alsufyani, and Abdulmajeed Alsufyani. "Secured Insurance Framework Using Blockchain and Smart Contract." Scientific Programming 2021 (November 24, 2021): 1–11. http://dx.doi.org/10.1155/2021/6787406.

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Traditional insurance policy settlement is a manual process that is never hassle-free. There are many issues, such as hidden conditions from the insurer or fraud claims by the insured, making the settlement process rough. This process also consumes a significant amount of time that makes the process very inefficient. This whole scenario can be disrupted by the implementation of blockchain and smart contracts in insurance. Blockchain and innovative contract technology can provide immutable data storage, security, transparency, authenticity, and security while any transaction process is triggere

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SAEED, Maryam, and Noman ARSHED. "Revolutionizing Insurance Sector in India: A Case of Blockchain Adoption Challenges." International Journal of Contemporary Economics and Administrative Sciences 12, no. 1 (2022): 300–324. https://doi.org/10.5281/zenodo.6853727.

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<strong>Abstract</strong> Insurance concept was found numerous centuries before Christ (BC). Correspondingly, Chinese and Babylonian traders practised moving or dispensing risks in 2<sup>nd</sup> and 3<sup>rd</sup> millennia B.C. Nowadays, insurance is the backbone of the economy, but developing economies face challenges in increasing its penetration. The recent introduction of Big Data, Blockchain, IoT and InsurTech led to the fourth industrial revolution in insurance in the developed world. This study explores the challenges and solutions in adopting blockchain technology to increase insuran

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L, Ruthvik Kumar. "Cognitive Edge Framework Insurance using Blockchain." International Journal for Research in Applied Science and Engineering Technology 8, no. 7 (2020): 697–703. http://dx.doi.org/10.22214/ijraset.2020.30304.

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Baihaqsani, Ari Kusyanti, and Primantara Hari Trisnawan. "Implementasi Teknologi Blockchain dengan Sistem Smart Contract pada Klaim Asuransi." Jurnal Teknologi Informasi dan Ilmu Komputer 10, no. 7 (2023): 1563–70. http://dx.doi.org/10.25126/jtiik.1078016.

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Perkembangan sistem klaim pada asuransi di Indonesia umumnya masih menerapkan pengajuan klaim dengan menggunakan sistem secara manual dengan metode cashless dan reimbursement. Penerapan sistem klaim pada asuransi tersebut memiliki proses administrasi yang cukup panjang sehingga dapat memakan waktu yang lama dan penerapan sistem tersebut tidak dapat memberikan proses tranparansi transaksi pada klaim asuransi. Dengan permasalahan tersebut dapat menimbulkan permasalahan terkait dengan keamanan informasi berupa integritas data, kerahasiaan data, dan transparansi data pada klaim asuransi. Penelitia

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Baihaqsani, Ari Kusyanti, and Primantara Hari Trisnawan. "Implementasi Teknologi Blockchain dengan Sistem Smart Contract pada Klaim Asuransi." Jurnal Teknologi Informasi dan Ilmu Komputer 11, no. 5 (2024): 1105–12. https://doi.org/10.25126/jtiik.2024118016.

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Perkembangan sistem klaim pada asuransi di Indonesia umumnya masih menerapkan pengajuan klaim dengan menggunakan sistem secara manual dengan metode cashless dan reimbursement. Penerapan sistem klaim pada asuransi tersebut memiliki proses administrasi yang cukup panjang sehingga dapat memakan waktu yang lama dan penerapan sistem tersebut tidak dapat memberikan proses tranparansi transaksi pada klaim asuransi. Dengan permasalahan tersebut dapat menimbulkan permasalahan terkait dengan keamanan informasi berupa integritas data, kerahasiaan data, dan transparansi data pada klaim asuransi. Penelitia

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32

Nishara, Nizamuddin, and Abugabah Ahed. "Blockchain for automotive: An insight towards the IPFS blockchain-based auto insurance sector." International Journal of Electrical and Computer Engineering (IJECE) 11, no. 3 (2021): 2443–56. https://doi.org/10.11591/ijece.v11i3.pp2443-2456.

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The advancing technology and industrial revolution have taken the automotive industry by storm in recent times. The auto sector’s constantly growing demand has paved the way for the automobile sector to embrace new technologies and disruptive innovations. The multi-trillion dollar, complex auto insurance sector is still stuck in the regulations of the past. Most of the customers still contact the insurance company by phone to buy new policies and process existing insurance claims. The customers still face the risk of fraudulent online brokers, as policies are mostly signed and processed

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33

Brophy, Richard. "Blockchain and insurance: a review for operations and regulation." Journal of Financial Regulation and Compliance 28, no. 2 (2019): 215–34. http://dx.doi.org/10.1108/jfrc-09-2018-0127.

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Purpose The purpose of this paper is to examine the operational and regulatory positions of the employment of Blockchain in the insurance industry. Blockchain technology has attracted wide interest from various stakeholders. Many theorists are predicting that this technology will disrupt financial services, including insurance. As stated that the development of blockchain is dependent on regulatory acceptance of this technology, it is essential to establish the current state of play with regard to the application and use of blockchain from a commercial and regulatory standpoints. Design/method

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Nam, Seung. "How Much Are Insurance Consumers Willing to Pay for Blockchain and Smart Contracts? A Contingent Valuation Study." Sustainability 10, no. 11 (2018): 4332. http://dx.doi.org/10.3390/su10114332.

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Blockchain is highly secure in design and can hand huge data efficiently. A smart contract, based on a blockchain, can automate the entire process and make the contract self-executing in nature. Since the first introduction of these technologies in the 1990s, they have been at the center interest for academia and industry. Numerous researchers and practitioners have investigated the principles and usage of blockchain and smart contracts. However, little is coincidental regarding estimating the consumer’s additional willingness to pay (WTP) and analyzing the relationship with socio-economic cha

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Mateen, Abdul, Adia Khalid, Sihyung Lee, and Seung Yeob Nam. "Challenges, Issues, and Recommendations for Blockchain- and Cloud-Based Automotive Insurance Systems." Applied Sciences 13, no. 6 (2023): 3561. http://dx.doi.org/10.3390/app13063561.

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Despite the rapid expansion in the insurance industry, many issues remain unresolved and may require immediate action. As the insurance sector continues to evolve with the development of new technologies, it faces more challenges, especially related to data security and fraud. The fraud-prevention data and tactics presently used by insurance firms are outdated and ineffective. Additionally, insurance firms have traditionally handled the settlement of all consumer claims through lengthy manual processes. These manual processes need to be changed to provide opportunities for insurance businesses

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Ghosh, Madhumita, and Ravi Gor. "HEALTH INSURANCE PREMIUM PREDICTION USING BLOCKCHAIN TECHNOLOGY AND RANDOM FOREST REGRESSION ALGORITHM." International Journal of Engineering Science Technologies 6, no. 3 (2022): 74–82. http://dx.doi.org/10.29121/ijoest.v6.i3.2022.346.

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Blockchain technology is based on a sequence of blocks, where each block carries a certain amount of information. Medical records can be cryptographically secured in the health insurance ecosystem with blockchain technology. Here, blockchain technology model is used to create a user interface for storing data block wise. Also, Insurance premium is predicted using Support Vector Regression, Lasso Regression, Ridge Regression, Multiple Linear Regression and Random Forest Regression algorithms. Out of all these algorithms, Multiple Linear Regression algorithm gives the better result.

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Researcher. "DEVELOPMENT OF DECENTRALIZED HEALTHCARE INSURANCE APPLICATIONS USING BLOCKCHAIN TECHNOLOGY WITH EMPHASIS ON SMART CONTRACTS AND IMMUTABLE RECORDS." International Journal of Information Technology and Management Information Systems (IJITMIS) 13, no. 1 (2022): 124–36. https://doi.org/10.5281/zenodo.14598850.

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The adoption of blockchain technology in healthcare insurance has emerged as a revolutionary approach to address inefficiencies in traditional systems. This study explores the development of decentralized healthcare insurance applications, emphasizing the integration of blockchain smart contracts and immutable records. Through a comprehensive literature review and a detailed implementation framework, this research highlights the advantages of decentralization, including improved data security, transparency, and operational efficiency. Case studies illustrate practical applications, revealing s

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Danju, Danbala. "INNOVATIONS IN ACCOUNTING: THE USE OF BLOCKCHAIN TECHNOLOGIES TO INCREASE TRANSPARENCY AND SECURITY OF FINANCIAL TRANSACTIONS." Bulletin of Toraighyrov University. Economics series, no. 4,2023 (December 29, 2023): 57–66. http://dx.doi.org/10.48081/nuug8234.

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In this article, we will look at how blockchain technologies can be used to increase transparency and security of financial transactions. We will look at examples of the use of blockchain technologies in the banking and insurance industry, and also consider how the use of blockchain technologies can help accounting and auditing. In the first part of the article, we will consider the use of blockchain technologies in the banking industry. We will look at examples of using blockchain technologies to ensure the security and transparency of financial transactions, including for money transfers, lo

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Chen, Chin-Ling, Ying-Ming Zheng, Der-Chen Huang, Ling-Chun Liu, and Hsing-Chung Chen. "A Blockchain and IPFS-Based Anticounterfeit Traceable Functionality of Car Insurance Claims System." Sensors 23, no. 23 (2023): 9577. http://dx.doi.org/10.3390/s23239577.

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Due to frequent traffic accidents around the world, people often take out car insurance to mitigate their losses and receive compensation in a traffic accident. However, in the existing car insurance claims process, there are problems such as insurance fraud, inability to effectively track and transmit insurance data, cumbersome insurance procedures, and high insurance data storage costs. Since the immutability and traceability features of blockchain technology can prevent data manipulation and trace past data, we have used the Elliptic Curve Digital Signature Algorithm (ECDSA) to sign and enc

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Ardelia, Atha Ulima, Carissa Felicia Fangasadha, and Hery Harjono Muljo. "Navigating Inclusive Waters: Blockchain-Based Insurance Services for Indonesian Fisherfolk through Multi-Stakeholder Approach." Prosiding Seminar Nasional Forum Manajemen Indonesia - e-ISSN 3026-4499 2 (August 31, 2024): 974–90. http://dx.doi.org/10.47747/snfmi.v2i1.2081.

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Fishermen often encounter occupational hazards and equipment damage in their pursuit of a marine bounty. To address these risks, the Ministry of Marine Affairs and Fisheries (KKP) collaborated with Jaminan Asuransi Indonesia (Jasindo) to provide Fishermen Insurance Premium Assistance (BPAN). However, the unequal distribution of insurance and fishermen's limited understanding of risk protection have hindered the widespread enrollment in BPAN. Thus, an inclusive program is needed to increase the number of registered fishermen to insurance and manifest an effective insurance service process. This

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Ardelia, Atha Ulima, Carissa Felicia Fangasadha, and Hery Harjono Muljo. "Navigating Inclusive Waters: Blockchain-Based Insurance Services for Indonesian Fisherfolk through Multi-Stakeholder Approach." Proceedings of Forum Manajemen Indonesia's International Conferences, no. 1 (August 31, 2024): 974–90. https://doi.org/10.47747/fmiic.v1i1.2136.

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Fishermen often encounter occupational hazards and equipment damage in their pursuit of a marine bounty. To address these risks, the Ministry of Marine Affairs and Fisheries (KKP) collaborated with Jaminan Asuransi Indonesia (Jasindo) to provide Fishermen Insurance Premium Assistance (BPAN). However, the unequal distribution of insurance and fishermen's limited understanding of risk protection have hindered the widespread enrollment in BPAN. Thus, an inclusive program is needed to increase the number of registered fishermen to insurance and manifest an effective insurance service process. This

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Shen, Lihua, Zhibin Zhang, Youmei Zhou, and Yingying Xu. "Applying Blockchain Technology and the Internet of Things to Improve the Data Reliability for Livestock Insurance." Sensors 23, no. 14 (2023): 6290. http://dx.doi.org/10.3390/s23146290.

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Animal husbandry is a vital sector in China’s agriculture sector, contributing to over one-third of its agricultural output, and more than 40% of farmers’ income. However, this industry is vulnerable to risks arising from production and operation, such as disease outbreaks, natural disasters, and market fluctuations. Livestock insurance can help mitigate these risks, but the lack of reliable data on shed environments has hindered its effectiveness. The objective of this study is to propose a livestock shed environmental regulatory platform that utilizes blockchain and the Internet of Things to

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B S, Anirudh Adithya, Dr Mythili R, Sai Madhavan R P, and Kirubanithi M. "Web3 enhanced Insurance System using Ethereum Smart Contract." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 07, no. 11 (2023): 1–11. http://dx.doi.org/10.55041/ijsrem26736.

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Abstract:-The traditional insurance industry has long struggled with inefficiencies, too much paperwork, and complex processes for handling policies and claims. This often means waiting a long time for claims to be sorted out because of all the go-betweens involved. To solve these issues, we're putting forward a new web3 solution that uses Blockchain technology. Our plan uses smart contracts to make managing policies and processing claims simpler, and we don't need all those middlemen. This change has lots of good points like stopping fraud, making everything more transparent and trustworthy,

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Liu, Xiaoguang, Hengzhou Yang, Gaoping Li, Hao Dong, and Ziqing Wang. "A Blockchain-Based Auto Insurance Data Sharing Scheme." Wireless Communications and Mobile Computing 2021 (November 24, 2021): 1–11. http://dx.doi.org/10.1155/2021/3707906.

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Auto electronic insurance policy and electronic maintenance list record the entire process of auto owners purchasing auto insurance and repairs after accident, respectively. They play a vital role in auto owners’ applications for claims and insurance company’s judgment on whether to settle the claims. However, the privacy of insurance policy and the “information island” resulting from the nonsharing of data between users make the claim has low efficiency. The notable features of blockchain technology are decentralization and tamper-proof, which can well solve data sharing and privacy protectio

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Park, Daehyeon, and Doojin Ryu. "Blockchain in Health Insurance: Sharing Medical Information and Preventing Insurance Fraud." Korean Journal of Financial Studies 48, no. 4 (2019): 417–47. http://dx.doi.org/10.26845/kjfs.2019.08.48.4.417.

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Venturini, Rafael Elias. "REVOLUTION IN AGRICULTURAL INSURANCE: THE INTEGRATION OF AI AND BLOCKCHAIN FOR A MORE EFFICIENT AND RESILIENT SECTOR." Revista Sistemática 15, no. 3 (2025): 189–96. https://doi.org/10.56238/rcsv15n3-004.

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The integration of advanced technologies such as artificial intelligence (AI) and blockchain is transforming the agricultural insurance sector, providing more precise, accessible, and efficient solutions for producers. AI, with its ability to analyze large volumes of data, enables the customization of insurance policies, adjusting them in real time according to climatic and cultivation conditions. This provides a faster response to changes, offering greater security for farmers. Additionally, the implementation of blockchain-based smart contracts facilitates automated claims settlement, reduci

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Tomilina, Elena P., Irina I. Glotova, and Elena U. Karakaeva. "IMPLEMENTATION OF SMART CONTRACTS BASED ON BLOCKCHAIN TECHNOLOGY IN THE ACTIVITIES OF RUSSIAN INSURANCE COMPANIES." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 11/10, no. 152 (2024): 46–55. https://doi.org/10.36871/ek.up.p.r.2024.11.10.005.

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The insurance industry is among those industries that are most susceptible to fraud. This leads to the need to attract new technologies that ensure transparency and reliability of data with maximum minimization of corruption manipulations. The article substantiates the need to develop the Russian insurance market through the introduction of digital technologies, in particular smart contracts based on blockchain technology, which help to carry out insurance activities within a certain type in order to simplify the work of insurers in processing and ana-lyzing data for drawing up insurance contr

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Lin, Wen-Yao, Kuang-Yen Tai, and Frank Yeong-Sung Lin. "A Trustable and Secure Usage-Based Insurance Policy Auction Mechanism and Platform Using Blockchain and Smart Contract Technologies." Sensors 23, no. 14 (2023): 6482. http://dx.doi.org/10.3390/s23146482.

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This study presents an architectural framework for the blockchain-based usage-based insurance (UBI) policy auction mechanism in the internet of vehicles (IoV) applications. The main objective of this study is to analyze and design the specific blockchain architecture and management considerations for the UBI environment. An auction mechanism is developed for the UBI blockchain platform to enhance consumer trust. The study identifies correlations between driving behaviors and associated risks to determine a driver’s score. A decentralized bidding algorithm is proposed and implemented on a block

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Tyagi, Amit Kumar, Sathian Dananjayan, Deepshikha Agarwal, and Hasmath Farhana Thariq Ahmed. "Blockchain—Internet of Things Applications: Opportunities and Challenges for Industry 4.0 and Society 5.0." Sensors 23, no. 2 (2023): 947. http://dx.doi.org/10.3390/s23020947.

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Today, blockchain is becoming more popular in academia and industry because it is a distributed, decentralised technology which is changing many industries in terms of security, building trust, etc. A few blockchain applications are banking, insurance, logistics, transportation, etc. Many insurance companies have been thinking about how blockchain could help them be more efficient. There is still a lot of hype about this immutable technology, even though it has not been utilised to its full potential. Insurers have to decide whether or not to use blockchain, just like many other businesses do.

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Das, Debendranath. "BISECTION: BlockchaIn-enabled SECure healTh Insurance prOcessiNg." International Journal of Ad Hoc and Ubiquitous Computing 46, no. 1 (2024): 44–63. http://dx.doi.org/10.1504/ijahuc.2024.138744.

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