• Corpus ID: 210699956

BIS- A Blockchain-based Solution for the Insurance Industry in Smart Cities

  title={BIS- A Blockchain-based Solution for the Insurance Industry in Smart Cities},
  author={Maedeh Sharifinejad and Ali Dorri and Javad Rezazadeh},
Insurance is one of the fundamental services offered to the citizens to reduce their costs and assist them in case of an emergency. One of the most important challenges in the insurance industry is to address liability challenge and the forging of documents by the involved parties, i.e., insurance company or the users, in order to increase financial gain. Conventional methods to address this challenge is significantly time consuming and costly and also suffers from lock of transparency. In this… 

Figures from this paper

Blockchain in Insurance: Exploratory Analysis of Prospects and Threats
This paper presents how investments in blockchain technology can profit the insurance industry and provides a simple theoretical explanation of the insurance sub-processes which blockchain can mutate positively.
Blockchain Based Crop Insurance: A Decentralized Insurance System for Modernization of Indian Farmers
Upon acceptance testing, it is found that the system suggested in the paper is effective and the application is planning to release the application on open source platforms for future improvements.
Block Chain Application in Insurance Services: A Systematic Review of the Evidence
It is disclosed that blockchain, as a single source of reality, has the potential to improve productivity and mitigate the complexity of the insurance processes and the challenges and obstacles in the application of Blockchain technology in the Insurance Sector.
Building Secure Urban Information Systems Based on IoT Technologies
A new formal model of security subsystem of information technology platform for process support in urban resource networks formed on the basis of analysis of basic security characteristics of IoT-devices, built on their information systems and proposed by the authors informationtechnology platform architecture is presented.
A study on artificial intelligence for monitoring smart environments
  • K. D
  • Computer Science
    Materials Today: Proceedings
  • 2021


A Self-Organized Framework for Insurance Based on Internet of Things and Blockchain
A self-organizing framework for insurance based on IoT and blockchain is proposed, which eliminates the main problems of traditional insurance and is compared with the existing framework.
Blockchain-based Data Management and Analytics for Micro-insurance Applications
A blockchain-based solution for micro-insurance applications that transparently keeps records and executes smart contracts depending on runtime conditions while also connecting with off-chain analytic databases is developed.
On the Activity Privacy of Blockchain for IoT
This work proposes three timestamp obfuscation methods, namely combining multiple packets into a single transaction, merging ledgers of multiple devices, and randomly delaying transactions, to reduce the success rate in classifying devices which reduce the classification success rates to as low as 24%.
Securing Smart Cities Using Blockchain Technology
  • Kamanashis Biswas, V. Muthukkumarasamy
  • Computer Science
    2016 IEEE 18th International Conference on High Performance Computing and Communications; IEEE 14th International Conference on Smart City; IEEE 2nd International Conference on Data Science and Systems (HPCC/SmartCity/DSS)
  • 2016
This paper proposes a security framework that integrates the blockchain technology with smart devices to provide a secure communication platform in a smart city.
Blockchain-based business process management (BPM) framework for service composition in industry 4.0
An automated BPM solution is investigated to select and compose services in open business environment, Blockchain technology (BCT) is explored and proposed to transfer and verify the trustiness of businesses and partners, and a BPM framework is developed to illustrate how BCT can be integrated to support prompt, reliable, and cost-effective evaluation and transferring of Quality of Services in the workflow composition and management.
The blockchain paradigm when coupled with cryptographically-secured transactions has demonstrated its utility through a number of projects, with Bitcoin being one of the most notable ones, and Ethereum implements this paradigm in a generalised manner.
Internet of Things: A Survey on Enabling Technologies, Protocols, and Applications
An overview of the Internet of Things with emphasis on enabling technologies, protocols, and application issues, and some of the key IoT challenges presented in the recent literature are provided and a summary of related research work is provided.
Blockchains Can Work for Car Insurance: Using Smart Contracts and Sensors to Provide On-Demand Coverage
A prototype that includes a mobile application and a portable electronic device to be installed onboard to semiautomatically activate/deactivate car insurance coverage in an envisaged on-demand insurance scenario is presented.
Internet of Things of Things :A Survey on Enabling Technologies, Protocols ,and Applications.
  • IEEE Communications Surveys
  • 2015
LSB: A Lightweight Scalable Blockchain for IoT security and anonymity
  • Journal of Parallel and Distributed Computing,
  • 2019