Decentralized Trust-less Insurance for Farmers
  • Author(s): Kshitij Kadam ; Soham Kale ; Shubham Nemade ; Sunand Goel ; Dr Shweta Dharmadhikari
  • Paper ID: 1704209
  • Page: 367-369
  • Published Date: 31-03-2023
  • Published In: Iconic Research And Engineering Journals
  • Publisher: IRE Journals
  • e-ISSN: 2456-8880
  • Volume/Issue: Volume 6 Issue 9 March-2023
Abstract

Farmers su?ering due to drought and ?ood, to the extent of committing suicide, is a huge problem in India. Even though government tried and is still trying its best to solve this problem, but clearly the problem is still unsolved even today. A centralized trustful system to solve such problems is prone to corruption and other unethical practices. A decentralized trustless system will prove to be very useful in such situations. Through blockchain technology, the system promotes trust in a trustless environment wherein the farmers and the private investors go into a contract.

Keywords

Blockchain, Smart Contract, Crop Insurance, Decentralized, Peer-to-Peer, Farmer, and Agriculture

Citations

IRE Journals:
Kshitij Kadam , Soham Kale , Shubham Nemade , Sunand Goel , Dr Shweta Dharmadhikari "Decentralized Trust-less Insurance for Farmers" Iconic Research And Engineering Journals Volume 6 Issue 9 2023 Page 367-369

IEEE:
Kshitij Kadam , Soham Kale , Shubham Nemade , Sunand Goel , Dr Shweta Dharmadhikari "Decentralized Trust-less Insurance for Farmers" Iconic Research And Engineering Journals, 6(9)