Implementation of Smart Contracts based on Hyperledger Fabric Blockchain for the Purpose of Insurance Services

Aleksieva, Veneta; Valchanov, Hristo; Huliyan, Anton

doi:10.1109/bia50171.2020.9244500

Cited by 11 publications

(2 citation statements)

References 1 publication

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“…As we mentioned earlier, major application of blockchain was in recording ledger, such that Hyperledger Fabric [28,29]. However, FISCO BCOS has a project utilizing blockchain in financial applications.…”

Section: Wireless Communications and Mobile Computingmentioning

confidence: 99%

Blockchain-Based Trust Verification and Streaming Service Awareness for Big Data-Driven 5G and Beyond Vehicle-to-Everything (V2X) Communication

Rasheed

Asif

Khan

et al. 2022

Wireless Communications and Mobile Computing

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Vigorous security and transparency with minimum latency and a high data rate are some of the key requirements for 5G and beyond vehicular networks especially in case of big data-driven vehicle-to-everything (V2X) communication applications which plays an important role in enabling advance intelligent transportation systems (ITS) and Internet of Vehicle (IoV) based network. The trace-ability in blockchain makes it one of the vital options, back-boned by the decentralized network to ensure independent security and privacy by exploiting the hash of a previous transaction with the time stamp and announcing it publicly for rejection of possible adversary attack. Therefore, in this work, we have opted for blockchains for trusted authentication and service awareness in 5G and beyond vehicle-to-everything (V2X) communication-based vehicular networks to stream blocks by certifying privacy and security. Here, we have considered blockchain as intermediary trusted agent to witness communication between a vehicle node and edge node, where edge node also uploads microservices along with calling figure of microservices to the blockchain. Furthermore, to ensure vehicle privacy with joint verification of vehicular network and server, we have devised a mechanism in which every vehicle nodes anonymously ask for services from the edge server along with signing an individual’s identity. Moreover, based on generated vehicle requests and service awareness, we devised an improved edge cache scheme for the prior compilation of services at each edge. In comparison to the previous state-of-art work, the result shows that our proposed work handles the requests more efficiently to achieve a better service request cache hit rate generated by vehicles at the edge server.

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Section: Wireless Communications and Mobile Computingmentioning

confidence: 99%

Blockchain-Based Trust Verification and Streaming Service Awareness for Big Data-Driven 5G and Beyond Vehicle-to-Everything (V2X) Communication

Rasheed

Asif

Khan

et al. 2022

Wireless Communications and Mobile Computing

View full text Add to dashboard Cite

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“…Permissionless blockchains are decentralized systems designed to allow anyone to join the system, including Bitcoin and Ethereum, whereas permissioned blockchains are blockchain systems in which the participation in some or all roles is restricted to a set of users, such as Hyperledger Fabric. In the insurance industry, several distributed ledger technologies, such as Ethereum [10][11][12][13], Hyperledger Fabric [14,15], and IOTA [16] have been used. For instance, BlockCIS [14] is a cyber insurance system that aimed to provide an automated, real-time, and immutable feedback loop among the involved parties for assessing cyber risks.…”

Section: Related Workmentioning

confidence: 99%

CioSy: A Collaborative Blockchain-Based Insurance System

et al. 2021

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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 insurance transactions. To the best of our knowledge, the existing approaches do not consider collaborative insurance to achieve an automated, transparent, and tamper-proof solution. CioSy aims at automating the insurance policy processing, claim handling, and payment using smart contracts. For validation purposes, an experimental prototype is developed on Ethereum blockchain. Our experimental results show that the proposed approach is both feasible and economical in terms of time and cost.

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Artificial Intelligence in Blockchain and Smart Contracts for Disruptive Innovation

Sivakumar,

Singh,

Chawla

2024

Deep Reinforcement Learning and Its Industrial Use Cases

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Implementation of Smart Contracts based on Hyperledger Fabric Blockchain for the Purpose of Insurance Services

Cited by 11 publications

References 1 publication

Blockchain-Based Trust Verification and Streaming Service Awareness for Big Data-Driven 5G and Beyond Vehicle-to-Everything (V2X) Communication

Blockchain-Based Trust Verification and Streaming Service Awareness for Big Data-Driven 5G and Beyond Vehicle-to-Everything (V2X) Communication

CioSy: A Collaborative Blockchain-Based Insurance System

Artificial Intelligence in Blockchain and Smart Contracts for Disruptive Innovation

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