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Decentralized Trust-less Insurance for Farmers
Subject area: Science,Engineering and Technology · Area of research: Blockchain, Application Development
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
How to cite this paper
@article{1704209,
author = {Kshitij Kadam, Soham Kale, Shubham Nemade, Sunand Goel, Dr Shweta Dharmadhikari},
title = {Decentralized Trust-less Insurance for Farmers},
journal = {Iconic Research And Engineering Journals},
year = {2023},
volume = {6},
number = {9},
pages = {367-369},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/17042092.pdf},
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},
month = {March},
}